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Bellsonit

Should I Gazump? Hypothetical...

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Hi I recently saw a property I wanted to buy therefore put my one on the market so I could be in with a chance. I was told by my estate agent I couldn't put in an offer until I'd received one so had to sit tight. My house is due its second viewing tomorrow and the viewer is really keen however on Friday the house I wanted had an offer accepted. We did offer to give asking price if the seller could hold on however the other buyer offered asking price. Now if my house does get an offer would I be really bad if I upped the offer? As its only been 1 day since they accepted??

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Hi I recently saw a property I wanted to buy therefore put my one on the market so I could be in with a chance. I was told by my estate agent I couldn't put in an offer until I'd received one so had to sit tight. My house is due its second viewing tomorrow and the viewer is really keen however on Friday the house I wanted had an offer accepted. We did offer to give asking price if the seller could hold on however the other buyer offered asking price. Now if my house does get an offer would I be really bad if I upped the offer? As its only been 1 day since they accepted??

A strange question to ask of strangers. You ask if it would be "bad" if you were to gazump someone. Ie you are asking for a comment on morality. Don't you have your own moral compass? If you want a personal opinion, I'd say you should remember "what goes around, comes around". How would you feel if someone did this to you?

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Hi thanks for your honesty. I do have a moral compass and myself And other half have discussed it could be bad karma just I guess because we weren't allowed to put in an offer I feel like we wanted it just as much, it was our dream house and he reason we put ours up - my worry is that nothing might come up like it and someone puts an offer on my house. I agree its not nice when people have paid out money for solicitors and surveys I guess I'm just wondering if its so bad when its literally been a day?

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Willie valid comment I guess I hadn't thought about my buyer pulling out. On other hand if its meant to be then the buyers could pull out of the house I want. I'm not trying to wind anyone up I've never bought and sold, only bought my current house as ftb so new to all of this and just frustrated that I haven't been able to buy the house I wanted to

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I guess I'm just wondering if its so bad when its literally been a day?

What difference does this make? Can you be a little bit dead? Or just slightly pregnant?

Are you less "bad" the shorter the period someone's offer has been accepted? How many days is acceptable to your personal ethics? Where do you draw the line? You sound like you have enough emotional intelligence to get this.

The offer on your "dream house" has been accepted but does the 'buyer' have funds in place? If they do and you don't, then you have to let it go.

However, you might be surprised how many sales fall through because buyers assumed they'd get a mortgage or manage to sell their own place and don't. I'd stay in touch with the seller and/or their EA and let them know that should you manage to get a sale and the other buyer doesn't deliver they should contact you (and ask very nicely if you still would like it).

We've seen a few "dream houses" go by us - and each time a better house comes along. If Karma is part of your belief system, you may find this yourself.

What were you planning to do? Always have contingencies. For everything...

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Pyracantha - thanks for your open honest response, I'm not stupid but sometimes optimism and wishful thinking gets in the way, so it takes these boards and people like you to knock some sense into me. Having never been through this process makes it harder because I've never had the disappointment. Ill make sure the EA knows we would still like to be kept in loop, it helps they're also selling ours. Sorry if I've ruffled a few feathers, naivety on my part!

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  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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