Offer on first day listed ?

Discussion in 'The Buying & Selling Process' started by PJ1, 19th Sep, 2015.

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  1. PJ1

    PJ1 Well-Known Member

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    Hello
    A property has just been listed this week and there's an open today prior to auction next month. Should I put an offer in today if it fits the bill ? Other properties in the street which are in better condition have been selling around 530 mark .
    How do I go about this , I've not bought in this hot market .
    Exciting stuff
     
    PJ1, 19th Sep, 2015
    #1
  2. Bran

    Bran Well-Known Member

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    Yep. If it fits the bill, absolutely. Why not?

    Whereabouts?
     
    Bran, 19th Sep, 2015
    #2
  3. PJ1

    PJ1 Well-Known Member

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    Newcastle.
    Do I offer via email or pull the RE aside at the open. I am worried the RE could use this offer as a starting point to drive the price up with other lookers.
    Cheers
     
    PJ1, 19th Sep, 2015
    #3
  4. D.T.

    D.T. Specialist Property Manager Business Member

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    Put a duration on the offer e.g. 24 or 48 hrs
     
    D.T., 19th Sep, 2015
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    Bran likes this.
  5. TMNT

    TMNT Well-Known Member

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    depends on the market, price, condition of the house, target etc. etc. etc.

    if its a hot market, asap is my only advice,
    as new castle seems quite hot, the earlier the better,

    ive offered at 10pm at night via sms when I got an email spam from re.com at 8pm, and had it accepted by COB the next day

    mind you, I was skeptical that it would go through as I was sure the agent would shop my offer
     
    TMNT, 19th Sep, 2015
    #5
  6. larrylarry

    larrylarry Well-Known Member

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    Just do it. Stick to your plan.
     
    larrylarry, 19th Sep, 2015
    #6
  7. PJ1

    PJ1 Well-Known Member

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    Well I wasn't even looking this weekend and found two properties have been listed in streets that are on our list for a possible PPOR .
    Can I make two offers at once and choose which one I proceed with ?
    Would I state offer available till x with finance pending or p&b as a way out ?

    I don't want to mess anyone around but probably not able to purchase both ; )
     
    PJ1, 19th Sep, 2015
    #7