We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
help I don't understand bidding!!
dprovan
Posts: 347 Forumite
I have bought three houses in total but to my shame if truth be known I do not know/understand how to bid or deal with bids.
I have a house to sell (just on the market) and have bid on two houses just now one above asking price (in competition with someone else on) and one below asking price (I fully expect to have to pay more to get it but wanted to register an interest, also this is being sold by my own agent). In both cases the bids have been registered (made last week). However what happens now, nobody has said whether they accept these or not? or what.... am I missing something how does this work practically, do these bids just sit until I am in a position to follow through for example ie when I sell my own or am I waiting on them contacting any other possible interested vendors or what...
I have a house to sell (just on the market) and have bid on two houses just now one above asking price (in competition with someone else on) and one below asking price (I fully expect to have to pay more to get it but wanted to register an interest, also this is being sold by my own agent). In both cases the bids have been registered (made last week). However what happens now, nobody has said whether they accept these or not? or what.... am I missing something how does this work practically, do these bids just sit until I am in a position to follow through for example ie when I sell my own or am I waiting on them contacting any other possible interested vendors or what...
0
Comments
-
Unless you want to pay a deposit or get a bridging loan your bids will not be taken seriously if you have not sold your own house. Unless you live in Scotland - that is - where you bid is legally binding once accepted - then you could have to buy both properties....still raining0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards