Which offer best to accept?

canaldumidi

If the LL will not Exchange till Jan/Feb, then... pinch of salt. Anything could happen: funds don't materialise; LL decides to reduce offer (as a LL he's not emotionally or practically committed to the purchase).

But if he'll Exchange asap with Completion date in Feb- fine. He's locked in at the price agreed.

B not yet on market (but probably in chain when they sell).

So A is the other option. Yes, chains can collapse, but 90% of sales are part of a chain!

Bluebell1000

The chain for offer A might get impatient waiting for you to find somewhere, if the chain is fairly complete.
Since B can't proceed yet, you probably know what the market is like - are they likely to sell soon-ish?
With C there is I think a slightly higher risk of them potentially trying to renegotiate later, since they could pull out without as many repurcussions as the ones in a chain. However their timing sounds fairly good for you, and if they are known to be reliable in that area, then I would probably go for C.

kungfu_navs

 He will only have access to his funds from February which gives us time to find somewhere as there is hardly any new houses come up until probably after Christmas now. 

can you ask what is the source of the funds as it may mean he is actually in a chain already.

Thrugelmir

Offer A, proceedable and less likely to let you down. How long will the chain be prepared to wait for you to find a property?  Next couple of months are going to be quiet in terms of new listings.

rexmedorum

user1977 said:

Giggidy said:

rexmedorum said:

would the landlord be able to exchange sharpish or only in Feb? If so I would wary that it may not be as easy as the agent makes out.

The landlord will only have access to his funds from start of February, which we said is fine because we are not likely to find anything unti then anyway

Yes, but I think the question is how certain he is of that, and whether he's going to drag things out until February before exchanging. Where are the funds coming from? Often the main advantage of selling to landlords or developers is that they've either got the cash or know their bank will lend, and/or may be more prepared to take a view on getting searches etc.

Exactly. If they can't exchange till Februry I would be very wary as who knows what their story will be in 3.5 months time.

luckbox

Offer A for me. If C can't get any money until feb, then they are in another chain, but not being straight with you about it.

warby68

As a residential vendor I'd be wary of investors from experience. They are much less committed to specific houses. No funding until February - why?

Often more properties are taken to accepted offer than will ever be bought, hedging bets etc. Delays and price reduction requests common.

On the other hand some are blinkin' straighforward but that would probably not be the one putting things off until February. 

I do however like to sell to someone who really wants my particular house - they tend to be the ones to make things happen even if their Day 1 status seems a way off.

Alter_ego

Seems to me it could be you that cannot exchange at the moment if you haven't found a property

andy444

Why can't the Landlord get access to his funds until February? What if that is then delayed until a month or two afterwards? Seems a bit strange to me.

lookstraightahead

Whichever one is more likely to be able to manage a down valuation. You need to be prepared for this.