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Should I offer on new house before selling mine?
warwick2001
Posts: 371 Forumite
Afternoon All,
As per the title, my house is currently on the market. I am viewing a house this weekend, but judging by the pics on Rightmove it looks great, and everything we currently want. Can/should I put an offer in (if everything checks out) before I sell mine, or should/do I have to wait until I have an offer for mine? I've had a meeting with my preferred mortgage lender, they have given me a max lend limit, and the offer I make would be within that limit (I'm not dependent on selling my house at a certain price for the deposit, that is already put aside, and I'm porting my old mortgage across, just gonna be borrowing more).
So yeah, can I offer, or should I wait? Or is it totally dependent on the vendors?
As per the title, my house is currently on the market. I am viewing a house this weekend, but judging by the pics on Rightmove it looks great, and everything we currently want. Can/should I put an offer in (if everything checks out) before I sell mine, or should/do I have to wait until I have an offer for mine? I've had a meeting with my preferred mortgage lender, they have given me a max lend limit, and the offer I make would be within that limit (I'm not dependent on selling my house at a certain price for the deposit, that is already put aside, and I'm porting my old mortgage across, just gonna be borrowing more).
So yeah, can I offer, or should I wait? Or is it totally dependent on the vendors?
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Comments
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You can offer. They could accept.
But I would not expect them to take it off the market until you have agreed a sale for your property.1 -
A good estate agent would not accept the offer as sufficient to take the property off of the market.1
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I think you’d be lucky to be able to view a property without yourselves on the market. Certainly the way EAs have been operating around here lately30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.0
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You can bid but the vendor may not accept your offer once they know your circumstances.1
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OP's property IS on the market, though.davilown said:I think you’d be lucky to be able to view a property without yourselves on the market. Certainly the way EAs have been operating around here latelyPlease note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.5 -
You can certainly make an offer.Whether or not it’s accepted is up to the seller. If you haven’t sold and therefore aren’t in a position to move, an offer from someone else who is in a position to move will be more attractive.1
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I would not except your offer unless your sold. You are not a proceedable buyer. How long has yours been on the market?
You may well have all your ducklings a row but you are missing mother duck (Your Buyer)0 -
Pre CV19, I viewed a house, submitted an offer, and it was accepted. Estate agent then was about to put mine on the market, but then the vendor pulled it off the market. Now, if you haven’t sold, have a DIP, EA won’t entertain you!Sell yours before submitting any offers.1
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For me I wouldn't entertain a viewing unless your house is under offer3
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You aren't in a position to proceed so if I was the vendor, the property would remain on the market.1
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