Buying a house now
Discussion
As in approaching Autumn, is it a good idea to put an offer on a house I want considering my own property is not even on the market currently? I only ask as having bought my previous 2 properties very simply (1 was fixed price no chain & other was a new build with full px) ive never had to deal with anything like this. I assume the market slows down towards now & in 1.5 months will be completely stagnant until after new year!?
Add to that my mrs is 39 weeks pregnant & due to drop any time i'm not sure im doing the right thing. :-/
Add to that my mrs is 39 weeks pregnant & due to drop any time i'm not sure im doing the right thing. :-/
The way things are at the minute, I don't think there's ever a good time. Estate agents will tell you summer's slow because everyone's on holiday, winter's slow because of Christmas and the rest of the time is slow because of the economy.
If I were you, I'd stick yours on the market. Nothing to lose, you can always take it off if you get fed up. You never know you might get some quick interest which will let you move on the one you've seen.
Personally I wouldnt put an offer in somewhere else until at the very least your getting plenty of interest in yours, and preferably once you've got an offer. House moving is stressful enough without sitting there waiting for someone to out bid you on a house you are trying to buy.
If I were you, I'd stick yours on the market. Nothing to lose, you can always take it off if you get fed up. You never know you might get some quick interest which will let you move on the one you've seen.
Personally I wouldnt put an offer in somewhere else until at the very least your getting plenty of interest in yours, and preferably once you've got an offer. House moving is stressful enough without sitting there waiting for someone to out bid you on a house you are trying to buy.
Will it cost me anything to advertise mine or is it on a no sell no fee type deal? I'm honestly clueless with house buying.
I live in Scotland so no out bidding goes on.
The house is priced 275k OIRO, I was going to try a cheeky punt at 250 and if accepted price mine to sell accordingly.
I live in Scotland so no out bidding goes on.
The house is priced 275k OIRO, I was going to try a cheeky punt at 250 and if accepted price mine to sell accordingly.
No idea how it works north of the border, but the estate agents here just take a percentage (say 1% to 1.5%) of the sale price, nothing to pay if it doesn't sell. The one we're using didn't even have a minimum term, as long as you gave two weeks notice of wanting to take it off the market.
Say you were to have your offer accepted on the house you like, how long would the vendor be obliged to wait for you to sell yours?
Say you were to have your offer accepted on the house you like, how long would the vendor be obliged to wait for you to sell yours?
That doesn't sound too bad if I can withdraw if the whole deal quickly goes south!!
I knew the previous owner of sorts, elderly gent, quite well off this was his downsized retired home. He passed away so I guess his family are selling the house. So no chain on that end. I'm confident of selling my current property, just spent a fortune on garden and main bathroom so it's as appealing as it's ever been. Im just not sure if the seasonal thing stands. I thought that come end October (6 weeks) it's going to be bleak selling a house.
I knew the previous owner of sorts, elderly gent, quite well off this was his downsized retired home. He passed away so I guess his family are selling the house. So no chain on that end. I'm confident of selling my current property, just spent a fortune on garden and main bathroom so it's as appealing as it's ever been. Im just not sure if the seasonal thing stands. I thought that come end October (6 weeks) it's going to be bleak selling a house.
If you really like the other house, and yours is presentable for sale, I'd be onto the estate agents first thing in the morning. Price yours realistically (i.e. for what you need to get, rather than what you'd like to get) and you could be moved before Christmas.
Estate agents are open to negotiation when it comes to their fees too.
Estate agents are open to negotiation when it comes to their fees too.
C8LNJ said:
I'm confident of selling my current property, just spent a fortune on garden and main bathroom so it's as appealing as it's ever been.
Why are you confident? Unless your local market is very different to the rest of the country I would not put an offer on the table to you at least have a firm offer on yours.I've been doing a bit of reading and it seems usually the selling vendor won't forward an offer unless it is proceedable. I.e. You have an offer on your current property.
What they may do is forward my interest and price to see if it is acceptable, so I know if I'm wasting my time marketing my home or not.
What they may do is forward my interest and price to see if it is acceptable, so I know if I'm wasting my time marketing my home or not.
our house is it for sale and, no offense, but if our Agent was to forward an offer when the buyer isn't in a position to proceed I'd think it was a joke and wonder how good te agents really were.
Currently it can take a long time to sell a house so i suspect ypur "dream home" will still be on the market- as ours is, and hopefully will remain so.
A thing to bear in mind is that the selling price of your house isn't as important as the price differential between the 2 properties usualy.
Currently it can take a long time to sell a house so i suspect ypur "dream home" will still be on the market- as ours is, and hopefully will remain so.
A thing to bear in mind is that the selling price of your house isn't as important as the price differential between the 2 properties usualy.
stuartmmcfc said:
our house is it for sale and, no offense, but if our Agent was to forward an offer when the buyer isn't in a position to proceed I'd think it was a joke and wonder how good te agents really were.
Currently it can take a long time to sell a house so i suspect ypur "dream home" will still be on the market- as ours is, and hopefully will remain so.
A thing to bear in mind is that the selling price of your house isn't as important as the price differential between the 2 properties usualy.
The agents have to pass on every offer I believe it is law or code of conduct or something like that. They should advice that the offer is made by someone who is not in a position to buy though.Currently it can take a long time to sell a house so i suspect ypur "dream home" will still be on the market- as ours is, and hopefully will remain so.
A thing to bear in mind is that the selling price of your house isn't as important as the price differential between the 2 properties usualy.
Just agreed a sale on a BTL we own. We've redecorated throughout, everything's brand new, new kitchen, flooring, appliances, carpet etc, like a new house. Went on the market Dec 8 last year, accepted first offer last week at near asking price. Had loads of viewings and potential offers if they could sell theirs, but this one's the first real viable offer. So I'd be very wary about putting yourself in the difficult position of owning one house and exchangin on the other before all ducks are in a row.
Simpo Two said:
If someone was loking at my house and making offers, but hadn't even started selling their own house I wouldn't take them very seriously. There is a million miles between making an offer and having the money to pay for it.
stuartmmcfc said:
our house is it for sale and, no offense, but if our Agent was to forward an offer when the buyer isn't in a position to proceed I'd think it was a joke and wonder how good te agents really were.
Currently it can take a long time to sell a house so i suspect ypur "dream home" will still be on the market- as ours is, and hopefully will remain so.
A thing to bear in mind is that the selling price of your house isn't as important as the price differential between the 2 properties usualy.
Where I live houses can move very quick if everyone's realistic. I think i'm glad im not looking at either of your house's if you wouldn't discuss an offer with a perspective buyer as really that's all that hinges me marketing mine and potentially selling it fast and making that offer for real. Currently it can take a long time to sell a house so i suspect ypur "dream home" will still be on the market- as ours is, and hopefully will remain so.
A thing to bear in mind is that the selling price of your house isn't as important as the price differential between the 2 properties usualy.
I'm pleased that houses are selling quicly in your area. Round here it's common to take up to a year. I'd be a fool to accept an offer from someone who needed to sell their house their house but hadn't put it on the market yet under those conditions.
What's stopping you putting yours on the market?
What's stopping you putting yours on the market?
I've just spoke to my Agents and they are obliged to put forward offers but until they were in a position to proceed the house would still be on the market and the offer would "remain on the table".
So go ahead make an offer. It wouldn't stop me talking to you but I personally wouldn't take it very seriously until you could proceed further- and I'd be happier to accept a lower offer from someone who actually could.
So go ahead make an offer. It wouldn't stop me talking to you but I personally wouldn't take it very seriously until you could proceed further- and I'd be happier to accept a lower offer from someone who actually could.
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