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Matched offer on a property
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proformance
Posts: 345 Forumite


Made an offer on a flat yesterday (yes, another one as the previous fell through).
Agent called me in the morning to say they received another offer last night.
What happens now? Do I offer more money? We have some wriggle room left in our budget....
Agent called me in the morning to say they received another offer last night.
What happens now? Do I offer more money? We have some wriggle room left in our budget....
0
Comments
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The buyer is obviously considering both offers. Wait and see what the EA says. Don't offer more until after your offer has been rejected (it may be accepted).1
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Normally the agent will conduct a bit of an auction. They can try pinging you one-by-one, or (perhaps more professionally) ask for best and final offers. It's totally your choice whether to engage or not in a bidding war.
Assuming that you believe them, ask them what their client is thinking between the two offers and how they intend to proceed. They may give you a bit of colour on whether there are any non-price factors that help/hinder, and they will probably tell you what kind of process they hop to run.1 -
Yeah, we received an email in the morning ask for our intended deposit.. I presumed that they were gauging how risky the buyers are...0
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I presume the vendor hadn't accepted your offer.
Ask if the other interested party are actually proceedable (ie have a complete chain beneath them - which is presume you do). Estate agents will often stretch the truth. Learn their tricks and what to ask.2024 wins: *must start comping again!*0
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