gilz82
Me, OH & beautiful Noah
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- Oct 20, 2009
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In England do you know what other people bid? Typically here you bid x but tell your estate agent what the maximum you would go to is. The bid up to your maximum and then the seller picks someone based on money and time to complete the sale. Once your offer is accepted it's a binding agreement so no backing out without a lot of hassle for both parties.
Years ago you'd expect to pay a lot more than asking price here. For example when my OH sold his house it was offers over £75,000 and it sold for £97,000. Now a lot of houses here are selling for fixed price or offers in the region which is much more fluid a concept than offers over.
In my personal experience if you have bid up to your limit estate agents and lawyers tend to have quiet words with each other about where the bids are in an attempt to help you.
Also it never hurts to just ask outright what the sellers actually what to achieve price wise if they are at the viewing. I asked outright when I bought my flat, she told me I offered her just under and it was accepted all within 6 hours of the property going on the market.
Years ago you'd expect to pay a lot more than asking price here. For example when my OH sold his house it was offers over £75,000 and it sold for £97,000. Now a lot of houses here are selling for fixed price or offers in the region which is much more fluid a concept than offers over.
In my personal experience if you have bid up to your limit estate agents and lawyers tend to have quiet words with each other about where the bids are in an attempt to help you.
Also it never hurts to just ask outright what the sellers actually what to achieve price wise if they are at the viewing. I asked outright when I bought my flat, she told me I offered her just under and it was accepted all within 6 hours of the property going on the market.