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Offering on a new house before mine is sold?
Comments
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I would just focus on getting your house sold first, then start looking at properties. We had an asking price offer on ours a couple of weeks after it went on the market from someone who had just gone on the market (and not sold). We said we'd keep it in my mind, but we never heard from them again. If you start looking at houses before you are proceedable, you'll probably end up disappointed when your dream house gets sold before you can put a proper offer in.
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you'll probably end up disappointed when your dream house gets sold before you can put a proper offer in.
This is what's just happened to my friend's mother. She's gutted about the house she's 'lost'. Her's is on the market but only had one really low offer they can't afford to accept.
Make £2026 in 2026
Prolific £177.46, TCB £10.90, Everup £27.79, Roadkill £1.17
Total £217.32 10.7%Make £2025 in 2025 Total £2241.23/£2025 110.7%
Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10
Make £2024 in 2024 Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%0 -
Nothing to lose - and the sellers aren't going to complain about knowing someone is seriously interested even if they opt to stay on the market.
If the property is one that you really want, you'll be disappointed about "losing out" on it whether you offer or not - so that argument is a bit of a non starter really.
When speaking with the agent I would be inclined to word along the lines of "notwithstanding that we don't yet have an accepted offer on our sale, we'd like you to pass an offer of £xxxxxx on to the seller of this property please." - I would keep it pretty much to that - no sense in pre-empting what the sellers might doin response, and you're not going to be surprised if they either refuse to accept it or at the least say they will stay on the market for the time being, are you!
Good luck - but if you DO miss out on this one, assume that there will be something better along in due course. These things have a habit of working out for the best in my experience.
🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
Completely agree with this. Nothing to lose putting an offer in.
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I've always found that you end up with a much 'better' one than the one you missed out on.
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That's what I'm hoping she will find once hers sells.
Make £2026 in 2026
Prolific £177.46, TCB £10.90, Everup £27.79, Roadkill £1.17
Total £217.32 10.7%Make £2025 in 2025 Total £2241.23/£2025 110.7%
Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10
Make £2024 in 2024 Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%0 -
Yes we found the "much better one" when someone wouldn't accept our offer because we were not SSTC.
Thankfully the owner of the "much better one" accepted our offer despite us not being SSTC at the time.
The owner of the first house who didn't accept our offer has since withdrawn the house from sale.
No two situations are the same.
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I note the inverted commas! We never know whether our lives will be better if we buy this pile of bricks rather than that one. The consequences will reach much further than mere material differences.
Digital currency + social credit score + AI surveillance = lockdown.
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I'd agree, from personal experience. First property we missed out on when we bought that time would have been an absolute money pit - we fell in love with it because it was quirky and different, but it wouldn't have been brilliant to live in and would have cost an absolute fortune to maintain. Second one would with hindsight have been massively too small for us and so wouldn't really have ticked the boxes for the reasons for the move - we loved the history of that, but it wouldn't have been good to live in. Both felt like "the one" when we first viewed them, and had ours sold faster we would almost certainly have gone through with buying either - the first because it genuinely is a gorgeous property (but we were blind to the negatives) and the second because of the history (probate sale, had been owned by the same person throughout who moved in when it was brand new and had been there over 60 years) - but I strongly suspect we would have very much regretted our choice!
🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
Well, turns out properties in that area are selling like hotcakes apparently. They got several offers on the Saturday a few DAYS after they listed the place (at a decently low price, to be fair). Put in an offer anyway but I almost certainly won't get it.
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