I own the bungalow my dad(aged 85) lives in, and I'm in the process of selling it, as he's moving to a retirement apartment in the town I live in, which I 'm buying with the proceeds from the sale of the bungalow. A couple have made an offer of �2,000 below the asking price which the estage agent strongly reccomended I accepted (they have no property to sell, the money's in the bank to buy dad's place) so I accepted. Problem is another couple have viewed today and have said they'd pay asking price. They have still got to sell their property. I don't want to cause a gazump situation and I'll still keep with the first offer because it should proceed quickly - but what do you think the estate agent will advise? I've never sold a property before so I don't know how it works! Any thoughts anyone?
I'm with Ethel on this - sounds like you have a guaranteed no problem sale, so go with it.
There are too many downsides to considering the second offer, the main on probably being they don't know when the house will be sold OR what they'll get.
I have just sold a property for under the asking price as the buyer said he had the cash available. My Solicitor, who is also a friend, recommended that if we did this to agree to the sale but by a certain exchange and completion date as sometimes a cash buyer will still try to stall. If they truly have the cash available they should agree to this.
In the post, I am going to explain how to buy apartments. If you are worried about buying an apartment solution to your problem is. In this article, some tips are explained which you should keep in your mind before buying this.
Here is the list which your should read carefully.
1: The “Rent vs. Buy” Decision
2: Figuring out How Much Money You Have Available
3: Buying Into Condos 0r Co-ops