Strategy for outbidding rivals on a house purchase - Chat Forum

Re: Strategy for outbidding rivals on a house purchase

spacemonkey — Fri, 12 Jul 2013 08:51:04 +0000

Yep, exchanged

Finally I get a garage and a garden larger than a carpet tile!

Nice one John :) Garages can make so many jobs that much easier.

BTW, just had our offer accepted. Went higher than we'd like but not as high as our cap. Needs a fair bit of work so projectmonkey mode now engaged :)

Re: Strategy for outbidding rivals on a house purchase

spacemonkey — Mon, 08 Jul 2013 20:26:21 +0000

ask them how much to take it off the market now

I asked the agent the same thing last week and he came back with "... the vendor won't name a figure ... he wants every interested party to submit their highest/final offer."

so how about stressing that to the seller by making your offer contingent on early exchange, with a reduction if not

That could be a plan. I'll see how land lies in the morning.

Re: Strategy for outbidding rivals on a house purchase

trail_rat — Mon, 08 Jul 2013 18:40:18 +0000

I got fed up of playin the guessing game and losing

So next house i saw i started viewing quickly and i played the perfect for raising a family card with the seller and then went back to my solicitor and said - ask them how much to take it off the market now (2 days after it went on market) they said 5k extra and i said deal.

Previous offer i put in on another house that went to closing in february last year i lost out by 80k - and i was already 8k over asking!

Re: Strategy for outbidding rivals on a house purchase

phunkmaster — Mon, 08 Jul 2013 18:00:58 +0000

This might do the trick

Re: Strategy for outbidding rivals on a house purchase

scaredypants — Mon, 08 Jul 2013 17:52:23 +0000

OP, you seem to be in a strong position in terms of being ready to go, so how about stressing that to the seller by making your offer contingent on early exchange, with a reduction if not

Re: Strategy for outbidding rivals on a house purchase

johndoh — Mon, 08 Jul 2013 16:44:52 +0000

Yep, exchanged :-)

Finally I get a garage and a garden larger than a carpet tile!

Re: Strategy for outbidding rivals on a house purchase

johndoh — Mon, 08 Jul 2013 15:49:31 +0000

I *think* so.

We are using an online solicitors and they had to ring my wife up to get her authorisation but they were playing telephone tennis earlier.

Re: Strategy for outbidding rivals on a house purchase

spacemonkey — Mon, 08 Jul 2013 15:38:46 +0000

Have you exchanged yet John?

Re: Strategy for outbidding rivals on a house purchase

jfletch — Mon, 08 Jul 2013 13:27:30 +0000

Yep, we've thought of this even though it's not exactly playing ball.

Its only not playing ball if the survey comes back clean. If the survey says work needs doinging then its fair enough IMO.

And every survey ever has said work needs doing to electrics etc. :wink:

Re: Strategy for outbidding rivals on a house purchase

wrecker — Mon, 08 Jul 2013 13:17:25 +0000

Gazundering is a pretty scummy thing to do IMHO. If someone tried it with me, I'd pull out immediately.
Just bid whatever the house is worth to you. That way you're not going to be irked if you win it, nor too upset if you don't.