Should I withdraw my offer first before I offer on another?

jandspace

Hi people
I made an offer on a house [A] and my offer was accepted. (Sold STC now)
Few weeks later, I viewed another property [B] and I would like to buy instead of the house [A]. Because the house [A] requires lots of renovation but [B] is ready to move and live right away.
In the case, should I let [A]'s EA know that I want to withdraw my offer before I make an offer on the property [B]?
Or can I make an offer on the property [B] then if my offer is accepted I can tell [A]'s EA  that I want to withdraw?
The contract is not exchanged yet.
Please kindly advise me.
Thank you.

Angela_D_3

Yes.  As soon as possible 

jandspace

Angela_D_3 said:

Yes.  As soon as possible 

Thank you for your answer,
My question is if I can offer on another, before I withdraw the accepted offer on the first property. Thanks.

MovingForwards

Yes you can offer on more than one property. 

eddddy

Either way, the EA and seller of [A] are going to be pretty annoyed / angry with you - so you might get a hard time from the EA.

But what happens if your offer on [B] is rejected? will you still want to buy [A]?

If so, maybe you should wait until your offer on [B] is accepted, before withdrawing your offer on [A].

FWIW, if you do this repeatedly, you might get known amongst the local EAs as untrustworthy. I know someone who did this (admittedly it was 5 times), and a lot of the local EAs won't deal with him anymore.

Beeboo23

Yes you can. I did this a few weeks ago. I’m assuming it’s two different estate agents. 

ian1246

As a seller, our first time buyer dropped out and as a result we have lost our Bungalow we had set our heart on. If your going to pull out, do it straight away and stop wasting people's time, money.... and hope. Its selfish.

Beeboo23

ian1246 said:

As a seller, our first time buyer dropped out and as a result we have lost our Bungalow we had set our heart on. If your going to pull out, do it straight away and stop wasting people's time, money.... and hope. Its selfish.

Works both ways. I’m a FTB and was told the seller would be proceedable in a few weeks. Six months of waiting and they still weren’t. Decided to start looking elsewhere, had an offer accepted and moved on.
 

jandspace

Beeboo23 said:

Yes you can. I did this a few weeks ago. I’m assuming it’s two different estate agents. 

Yes the agents are different one. Thanks.

jandspace

eddddy said:

Either way, the EA and seller of [A] are going to be pretty annoyed / angry with you - so you might get a hard time from the EA.

But what happens if your offer on [B] is rejected? will you still want to buy [A]?

If so, maybe you should wait until your offer on [B] is accepted, before withdrawing your offer on [A].

FWIW, if you do this repeatedly, you might get known amongst the local EAs as untrustworthy. I know someone who did this (admittedly it was 5 times), and a lot of the local EAs won't deal with him anymore.

That't the thing I am thinking of.
[A] has now become the second priority so if offer on [B] is rejected I still want [A].
[B]'s seller receives all offers in a couple of days and will decide in early next week.
I understand your advice so this won't happen again tbh.

greatcrested

Will you still be interested in property A if your offer for B is turned down?

The honerable thing to do is to withdraw from A as you are clearly no longer interested.

The practical thing to do is see what happens to your offer on B before burning your bridges on A.