5 Offers made... Do we accept best offer OR engage in Best and Final offers?

fackers_2

getmore4less said:

I would have given it the weekend to try and get more viewings and interest.
The EA should have been putting the squeeze on all the potential  buyers to up their offers anyway

What do the places rent for that gives a good idea of the the investor value and the low ball pricing. 
Mortgages are usually not he thing that blocks a house sale, money at the upper LTV(85%+) levels is  tight so I would  consider them a risk, but anyone with 20%+ and should be OK unless a difficult to place borrower.

What is more important is a motivated mover, should be easy to determine that for your current front runner if that local.

We actually had 12 viewings scheduled but the EA decided to cancel the others as we’d received plenty of offers of asking price... We didn’t mind as it was a fuss making the place spotless 4 days in a row. Instead all viewings done in one day!

getmore4less

You don't need spotless just tidy. 
Unless you are having to dress the place different to your normal life could have just have them view as is. 

They could have been told only considering offers over £x to set their expectations.

Monday before anything is going to progress.

In the agents interest to close this one off and focus on others. 
They have had dead 3 months they need sales to progress quickly no time to squeeze that last few £k when they only see a few £. 

fackers_2

getmore4less said:

You don't need spotless just tidy. 
Unless you are having to dress the place different to your normal life could have just have them view as is. 

They could have been told only considering offers over £x to set their expectations.

Monday before anything is going to progress.

In the agents interest to close this one off and focus on others. 
They have had dead 3 months they need sales to progress quickly no time to squeeze that last few £k when they only see a few £. 

Working from home meant that we had to use the dining table in the bedroom as an office haha!

That’s how we saw it too, so they’re all hoping the first few can push through quick which I guess isn’t a bad thing

[Deleted User]

fackers_2 said:

Unicorn_cottage said:

@fackers_2 Let us know how you get on? Where are you in SW? Am wondering if Bristol?

We received the final bids around midday today and we accepted the top offer to FTB within 30 minutes, We indeed gained a few extra £K in doing so... The Person who’s offer was accepted was really excited to learn she won the bid. We feel happy of the outcome for the person who it sold to but that it’s all done in regards to the viewings and offers.

We’re near there. 

Thats brilliant !
and Danlightbulb feels so strongly about helping FTB’s he’s agreed to pay their costs  

blue_max_3

Densol said:

Thats brilliant !
and Danlightbulb feels so strongly about helping FTB’s he’s agreed to pay their costs  

And mortgage for the first 25 years. Bless him!

fackers_2

Densol said:

fackers_2 said:

Unicorn_cottage said:

@fackers_2 Let us know how you get on? Where are you in SW? Am wondering if Bristol?

We received the final bids around midday today and we accepted the top offer to FTB within 30 minutes, We indeed gained a few extra £K in doing so... The Person who’s offer was accepted was really excited to learn she won the bid. We feel happy of the outcome for the person who it sold to but that it’s all done in regards to the viewings and offers.

We’re near there. 

Thats brilliant !
and Danlightbulb feels so strongly about helping FTB’s he’s agreed to pay their costs  

haha, I wouldn’t know, I’ve blocked his comments lol

danlightbulb

Cant handle the truth eh.

Nice to hear you switched buyer to the FTB and not the chap born with a silver spoon in his mouth.

Id never said not to take the best offer btw. What i said was to negotiate openly with the buyer who you think deserves it the most and would benefit the most from a home. Give them a fair chance to get the home they want. If they wont come up to what you know you can get, then you explain that to them and move to the next one. Youve given them an honest and fair chance then without taking advantage of them.

The odds are so stacked against normal everyday hardworking people who have missed the timing benefits of the property boom, that its morally right to give them a chance before second home owners or BTLs or people with six figures in the bank from their parents. Those people dont need a home, they wont be impacted from being locked into private sector rents for decades.

If i was selling that is what I would do.

Morals and societal values seem to go out the window here when it comes to selling houses. Just shows what vested interests there are here. First to scream and shout when a corporate takes advantage of a consumer but alls fine when its a house being sold to a (usually) quite financially vulnerable  first time buyer.

grumiofoundation

danlightbulb said:

Cant handle the truth eh.

Nice to hear you switched buyer to the FTB and not the chap born with a silver spoon in his mouth.

Id never said not to take the best offer btw. What i said was to negotiate openly with the buyer who you think deserves it the most and would benefit the most from a home. Give them a fair chance to get the home they want. If they wont come up to what you know you can get, then you explain that to them and move to the next one. Youve given them an honest and fair chance then without taking advantage of them.

The odds are so stacked against normal everyday hardworking people who have missed the timing benefits of the property boom, that its morally right to give them a chance before second home owners or BTLs or people with six figures in the bank from their parents. Those people dont need a home, they wont be impacted from being locked into private sector rents for decades.

If i was selling that is what I would do.

Morals and societal values seem to go out the window here when it comes to selling houses. Just shows what vested interests there are here. First to scream and shout when a corporate takes advantage of a consumer but alls fine when its a house being sold to a (usually) quite financially vulnerable  first time buyer.

You seem to have changed your attitude towards FTBs!

https://forums.moneysavingexpert.com/discussion/6004445/offering-on-2-properties-at-once#latest

"Well just to feed back. I offered asking price on house A and then it went to best and final bids. I upped my offer by £4k and the winning offer was £7k over asking. Even the agent who called to give me the bad news said that price was too high in his opinion. The winners were FTB (im also no chain). Now I can only hope that if they are FTB with just a 5% deposit that the mortgage company may decide they wont lend at that price and it comes back available."

So supportive of financially vulnerable first time buyers...


https://forums.moneysavingexpert.com/discussion/5979378/am-i-definitely-not-a-first-time-buyer/p1
"Its just unfair really. I am in exactly the same position as a first time buyer financially yet they get the HTB bonus and stamp duty exemption. It would make a huge difference. How can they find out? I never paid stamp duty on previous house as it was under threshold, and its gone from credit file now."

So you want private sellers to support FTBs but not the government?

danlightbulb said:

Its highly hypocritical,

Agreed

[Deleted User]

grumiofoundation said:

danlightbulb said:

Cant handle the truth eh.

Nice to hear you switched buyer to the FTB and not the chap born with a silver spoon in his mouth.

Id never said not to take the best offer btw. What i said was to negotiate openly with the buyer who you think deserves it the most and would benefit the most from a home. Give them a fair chance to get the home they want. If they wont come up to what you know you can get, then you explain that to them and move to the next one. Youve given them an honest and fair chance then without taking advantage of them.

The odds are so stacked against normal everyday hardworking people who have missed the timing benefits of the property boom, that its morally right to give them a chance before second home owners or BTLs or people with six figures in the bank from their parents. Those people dont need a home, they wont be impacted from being locked into private sector rents for decades.

If i was selling that is what I would do.

Morals and societal values seem to go out the window here when it comes to selling houses. Just shows what vested interests there are here. First to scream and shout when a corporate takes advantage of a consumer but alls fine when its a house being sold to a (usually) quite financially vulnerable  first time buyer.

You seem to have changed your attitude towards FTBs!

https://forums.moneysavingexpert.com/discussion/6004445/offering-on-2-properties-at-once#latest

"Well just to feed back. I offered asking price on house A and then it went to best and final bids. I upped my offer by £4k and the winning offer was £7k over asking. Even the agent who called to give me the bad news said that price was too high in his opinion. The winners were FTB (im also no chain). Now I can only hope that if they are FTB with just a 5% deposit that the mortgage company may decide they wont lend at that price and it comes back available."

So supportive of financially vulnerable first time buyers...


https://forums.moneysavingexpert.com/discussion/5979378/am-i-definitely-not-a-first-time-buyer/p1
"Its just unfair really. I am in exactly the same position as a first time buyer financially yet they get the HTB bonus and stamp duty exemption. It would make a huge difference. How can they find out? I never paid stamp duty on previous house as it was under threshold, and its gone from credit file now."

So you want private sellers to support FTBs but not the government?

danlightbulb said:

Its highly hypocritical,

Agreed

Classic !! 

jimbog

danlightbulb said:

Morals and societal values seem to go out the window here when it comes to selling houses. Just shows what vested interests there are here. First to scream and shout when a corporate takes advantage of a consumer but alls fine when its a house being sold to a (usually) quite financially vulnerable  first time buyer.

Well, that's a little embarrassing