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Interested in two properties - how to offer?
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thelem
Posts: 774 Forumite
We viewed a few houses this weekend and are preparing to put an offer into an estate agent on Monday.
There are two properties that we are equally interested in. Both are on for the same price, and both have been on the market for a few months. They are on with different agents.
What would you tell the agents?
- Is it acceptable to offer on both, and then withdraw one of the offers if both accept?
- If not and we pick one to offer on first, should we tell their agent about our backup plan?
- What should we say to the backup agent?
I think I know what I'm going to say on Monday, but I'd like to hear what other people would do first.
There are two properties that we are equally interested in. Both are on for the same price, and both have been on the market for a few months. They are on with different agents.
What would you tell the agents?
- Is it acceptable to offer on both, and then withdraw one of the offers if both accept?
- If not and we pick one to offer on first, should we tell their agent about our backup plan?
- What should we say to the backup agent?
I think I know what I'm going to say on Monday, but I'd like to hear what other people would do first.
Note: Unless otherwise stated, my property related posts refer to England & Wales. Please make sure you state if you are discussing Scotland or elsewhere as laws differ.
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Comments
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I would low ball offer on both and see what happens.
I think it would be in your interest to tell the agents that this is what you are doing and you will be going with whoever accepts first, as it shows you are under less pressure than most when it comes to buying.0 -
I would go in at 10% below on both. State your plus points that make you a good buyer and the negative points on the house as to why you should pay less.
Each will either, accept, counter offer or decline. If they counter off, go back with a slightly increased one.
You progress from there. If both agree too sell at the same price consider all the pluses and negatives of each property to help you decide. Also consider what the forward chain is like for each one.0 -
Depends on your position as a buyer, are you chain free? Do you have a good deposit and solicitor ready? What is the position of both sellers? Do they want a quick sale or do they need to now find somewhere to buy?
Lots to consider.0
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