How much to bid to clinch deal?

ironlady2022

TXC said:

Please put your house on the market

Yes I've instructed today. 

Spiderroo

dimbo61 said:

Getting this right is very difficult in the current crazy market.
My son is trying to buy a 3 bed detached house in Wales where prices have increased by 15% in the last 12 months and the buying process has taken 9 months already.
I have a friend offer and pay £50,000 over the guide price to get the " Perfect home in the Perfect area " 5 other buyers so went to sealed bids.
Spoke to another friend who wants to view a property in Manchester and 45 other potential buyers also asking to view.
You need to get your home on the market ASAP

Like you say it’s absolutely crazy in high demand areas at the moment. In a high demand area, offering under or asking for the perfect home doesn’t cut it anymore. 

I’m currently trying to buy in Manchester and anything that’s in good condition seems to at least 40-50 viewing, we have seen a few really nice properties that have had open days/evenings with 60+ interested parties viewing. 

We’ve lost out at best and final on two houses that have gone for £50k over asking, which is about 20% over. A nice house in a nice area is worth a lot! 

Glad they’ve accepted OP’s offer, if their house is desirable it’ll be gone in days.  

ironlady2022

Spiderroo said:

dimbo61 said:

Getting this right is very difficult in the current crazy market.
My son is trying to buy a 3 bed detached house in Wales where prices have increased by 15% in the last 12 months and the buying process has taken 9 months already.
I have a friend offer and pay £50,000 over the guide price to get the " Perfect home in the Perfect area " 5 other buyers so went to sealed bids.
Spoke to another friend who wants to view a property in Manchester and 45 other potential buyers also asking to view.
You need to get your home on the market ASAP

Like you say it’s absolutely crazy in high demand areas at the moment. In a high demand area, offering under or asking for the perfect home doesn’t cut it anymore. 

I’m currently trying to buy in Manchester and anything that’s in good condition seems to at least 40-50 viewing, we have seen a few really nice properties that have had open days/evenings with 60+ interested parties viewing. 

We’ve lost out at best and final on two houses that have gone for £50k over asking, which is about 20% over. A nice house in a nice area is worth a lot! 

Glad they’ve accepted OP’s offer, if their house is desirable it’ll be gone in days.  

They've not accepted yet. I'm waiting on decision, over sent over this morning in email. But thank you for the vote of confidence. Doing it under the table is the best way otherwise I'll bidding against too many ppl. So fingers crossed. 

BikingBud

mayling03 said:

Exodi said:

I can't see that you've responded to people asking about whether your house has actually gone on the market? Has it?

Your offer is virtually worthless if your house is still not on the market - you said they'd prefer to move asap?

Who has a viewing today - the owners of the house you want to buy? If so, is it privately arranged or did it end up on an estate agents books?

I have to say, from your comments on here, you're certainly not the ideal buyer!

That's very judgemental of you. The Sellers are aware of my situation. 

Their house is not on the market so I'm the only one negotiating. 

The Sellers have a viewing today. 

If their house is not "on the market" why are they hosting viewings?

ironlady2022

BikingBud said:

mayling03 said:

Exodi said:

I can't see that you've responded to people asking about whether your house has actually gone on the market? Has it?

Your offer is virtually worthless if your house is still not on the market - you said they'd prefer to move asap?

Who has a viewing today - the owners of the house you want to buy? If so, is it privately arranged or did it end up on an estate agents books?

I have to say, from your comments on here, you're certainly not the ideal buyer!

That's very judgemental of you. The Sellers are aware of my situation. 

Their house is not on the market so I'm the only one negotiating. 

The Sellers have a viewing today. 

If their house is not "on the market" why are they hosting viewings?

It was brought to my attention through someone living in the street. 

Not everyone needs to go through normal channels. And it's entirely up to them whether they wish to host a viewing. 

sheramber

Does the OP mean the seller is viewing a house to move to?

ironlady2022

sheramber said:

Does the OP mean the seller is viewing a house to move to?

Yes Seller viewing a potential house for them to buy today. 

ironlady2022

Vendor sent me message and has accepted my offer of £320k!! Woop I'm so so happy! Thanks for everyone's input and advice! Honestly, didn't think they would come back to me so quick.

Now the hard work starts and reading all the horror stories, i feel it's not gonna be easy! 

babyblade41

I'm a bit confused.. are you under offer or do you not need to sell to buy ?

ironlady2022

babyblade41 said:

I'm a bit confused.. are you under offer or do you not need to sell to buy ?

I need to sell to buy. But vendor has accepted my offer tonight. My house will easily sell. No issues there.