Question: Can I Put An Offer On A House That Already Has An Offer?

Can you put an offer on a house that is STC?

It is possible to make an offer on a property that is Sold STC.

The property is still technically available as the contract is still pending.

Other potential buyers may take this opportunity to enquire about the property and make an alternative offer to the seller..

Is pending better than contingent?

Quite simply, when a property is marked as pending, an offer has been accepted by the seller. Contingent deals, on the other hand, are still active listings (which is why they are often called active contingent) because they are liable to fall out of contract if requested provisions are not met.

Why would an offer fall through on a house?

A quarter of prospective home sales fell through in 2019, with mortgage issues, broken chains and gazumping among the main reasons for deals collapsing. Research by the property buying company Quick Move Now claims that a quarter of transactions fell through between an offer being accepted and completion in 2019.

Can I make an offer on a house before I sell mine?

Perhaps the most common — and least complicated — way of buying a house before selling your existing one is to make a contingent offer. This as an agreement that specifies that the offer on the new house is only binding if you’re able to sell your existing home.

Do houses usually sell for asking price?

There is no standard discount, but as everyone knows there will be some ‘argy-bargy’ about the price as agents tend to ‘list the property for sale’ at an asking price usually about 5-10% more than the vendor will accept to sell their home.

Should I pay full asking price for a house?

But most people, if asked, will say they do not want to negotiate and sometimes feel uncomfortable offering to pay less than asking price. … It doesn’t matter if it’s a newer home or older home; all home prices are negotiable. On the one hand, you don’t want to pay more than you need to pay.

Can a seller agent lie about other offers?

Those rules and laws would prohibit the real estate agent from lying, but the agent has the ability to market the property to get the seller the best price possible. … If the seller has other offers, the listing broker usually will come back to you and ask for your best offer.

Why do houses stay pending for so long?

The amount of time an offer remains pending will often depend on exactly what terms each party is trying to meet, and how straightforward they are. In the event the contract close date is delayed for funding or repair issues, the pending status would continue until there’s a resolution— or the contract is terminated.

Can you accept 2 offers on a house?

Remember you can provide multiple offers at once on the same property, each offering different terms – price isn’t the only important factor when making an offer. You may, for instance, first offer a shorter settlement that you would be more happy with but with a slightly higher price.

What is a cheeky offer on a house?

It’s arguable that any offer of more than 10% discount off the asking price could be considered a cheeky offer. The level of ‘cheek’ depends on who the vendor is and how long their home has been on the market. But so long as you’re prepared for them to say no to your offer, it’s worth taking a punt with a cheeky offer.

What happens when house under offer?

“Under Offer” means that an offer has been accepted on the house, but there are conditions that need to be met before they can mark it as 100% sold, such as subject to finance or a building and pest inspection. The vendor cannot accept any other offers at this time.

Can you put an offer on a house before viewing?

Of course you can make an offer and withdraw it later but then the agents will think you’re not serious if you want to look at more properties with them later. If you tell the agent you have no chain, mortgage in principle, solicitor appointed and ready to act they will get you a viewing very quickly indeed!

Should you offer asking price?

There are other reasons for going in with an offer lower than the seller’s asking price. … Remember that the asking price is not set in stone. If you feel as though the property is worth less than what the seller is asking, go in lower, but be fair. Offering half isn’t likely to go down well!

Can you put in an offer on a pending House?

You can usually still submit a backup offer on a home that’s pending, but you may not be able to view the property. If you decide to submit an offer, make sure that your finances are in order and stay in touch with the home’s listing agent.