Thursday, July 3, 2014

Give me what you've got........

If you are reading this I probably value your opinion....so....my son and new daughter are in love with a house...the first one they have seen...but it is a lovely house in a lovely area......and as we all trooped around it earlier this evening the estate agent laddie said 'of course an offer has just been made......and accepted'
So as I don't have a lump sum to give them for an outright cash purchase how do they find out
the other offer and better it? if such an offer exists?............thoughts welcome oh sagacious ones.

13 comments:

Andy said...

Estate agents can't tell you they have an offer if they don't so it's safe to assume that the offer exists. Most estate agents have the moral compass of an MP so if you ask how much the offer is they'll probably tell you.

I hope they get the house they want, exciting times!

Nana Go-Go said...

Can't give you any advice from up here - house purchasing is different, once the offer has been accepted that's it, you can kiss your dream home goodbye. I hope your boy and his bride get theirs soon. x

John Gray said...

I have no idea... But I wish them well x

Cro Magnon said...

Keep searching. If the agent comes back and says the others have dropped out, then make an offer. We've just had to give our oldest 60k so he could secure his house; OUCH.

Steve said...

I agree with Andy above. Ask the agent. The only other option is to just make the highest offer you can afford and hope it is enough.

Yorkshire Pudding said...

Like fish in the sea, there are other houses. If this particular one was meant to be it was meant to be but if not they must let it go. Having an offer accepted doesn't necessarily mean that the deal will go through. Perhaps the successful bidders have a house or flat of their own to sell before they can move on. Your son and daughter-in-law are in the advantageous position of not being part of a chain. They should put a bid in, register their interest - stressing their attractive situation and you never know - it just might come back to them if the other deal falls through.

auntiegwen said...

Always worth letting them know that the boy and bride are in a good position, ie chain free, does make a big difference to some sellers xxx

Trish Burgess said...

Not sure there's much you can do but make sure they know you can jump in if the sale doesn't go through?

About Last Weekend said...

Gosh I'm out of my depth here, but all sage advice from all of above.

We've only bought two places in our lives, a small basement flat in London and this place after five years of renting and the family just sold it outright to us.

This is a tricky one as the estate agent will just use you guys to bump up the other offer, but still a good place is a good place...I hear its going crazy again with the housing market in the UK.

Sorry I've been no help at all. When we sold our London apt we thought there is no way it will get higher, of course it doubled with a year. Big mistake but we needed the money.

libby said...

Thank you all for your wise words. The house went to the other couple but my kids seem very sanguine about it....there are other houses and somewhere out there is their first home. We have emptied out the jar in the kitchen and have looked down the back of the couch for odd coins and if need be will be able to provide a little more money should they need it....watch this space.x

Marcheline said...

I'm a little late to the party, but I'm confused as to why an agent would be showing a house when someone else's offer had been accepted. Once an offer is accepted, they're not taking any more offers. If he'd said "someone has made an offer but they are still considering counter offers by other people" that would have made sense. Legally speaking, if a seller accepts someone's offer, it's a done deal unless the buyer reneges or is unable to complete the deal for some reason.

Hope your kids find a fabulous house that they love. House magic is a wondrous thing - the right house will find them!

Jay said...

I hope they find the right house soon, places are selling fast again here but a chain free buyer is a desirable prospect to a seller. Good luck to them, remember that buying a house in the best area you can is always good advice (worst house on the best street) it's always served us well!

Curry Queen said...

Over many years and many, many house moves, I now accept that, if it is meant to be, it will be. Good luck to them.