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Update from Open House

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Old Oct 22nd 2008 | 9:10 am
  #1  
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Default Update from Open House

Offers had to be in today by 12.00pm

2 offers were given today

1 - 10K below asking price - procedable
2 - 7.5K above asking price - procedable

and maybe another offer tomorrow - procedable

After experiencing a purchaser pulling out before I shall not get excited until exchange of contracts.

In todays climate it is a great position to be in so maybe give hope to others

K

Last edited by KJM; Oct 22nd 2008 at 9:39 am.
 
Old Oct 22nd 2008 | 9:12 am
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Default Re: Update from Open House

Great news KJM, sure that this time it will proceed
 
Old Oct 22nd 2008 | 9:13 am
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Default Re: Update from Open House

Originally Posted by nikki dreaming
Great news KJM, sure that this time it will proceed
Thanks ND

How is yours going?

K
 
Old Oct 22nd 2008 | 9:29 am
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Default Re: Update from Open House

You got ABOVE asking price?? Nice one!!!
 
Old Oct 22nd 2008 | 9:32 am
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Default Re: Update from Open House

Originally Posted by KJM
Thanks ND

How is yours going?

K
Hi,

Okay at the moment is all I am saying survey being done tomorrow, and hopefully the buyer has a mortgage sorted, so everything is still crossed here

Good luck again, everything crossed for you, I am the same re nothing has happened until we exchange
 
Old Oct 22nd 2008 | 11:15 am
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Default Re: Update from Open House

Got all my fingers and toes crossed for you - good luck!
 
Old Oct 22nd 2008 | 12:09 pm
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Default Re: Update from Open House

Thats fantastic news - hope to see you soon
 
Old Oct 22nd 2008 | 3:56 pm
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Default Re: Update from Open House

Originally Posted by seanyg
You got ABOVE asking price?? Nice one!!!
Hi Anita

Yep above the asking price now that is a new one.

Nikki

Good luck with today....the trick is.... talk to the Surveyer about the market, showing that you are interested and keep the friendly conversation going?lol the perfect survey.

Woodmanbg

Thank you.... i need all the luck I can get.


Sam

Wahey. I might have to short let for a couple of months in the UK to get things sorted on this side after we have completed and move at the end of Jan. It also allows me to save extra money etc.

Even though I have a sale I won't be able to buy a house straightaway, because of the crap housing market here. My previous sale was 20K above the asking price so we were well on our way for a deposit. Its renting for 6 - 12 months for us and the little bichon.
 
Old Oct 22nd 2008 | 4:35 pm
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Default Re: Update from Open House

Above asking price? ABOVE?! Absolutely fantastic. Congratulations.

Eamonn & Janet.
 
Old Oct 22nd 2008 | 5:21 pm
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Default Re: Update from Open House

Originally Posted by Getting There
Above asking price? ABOVE?! Absolutely fantastic. Congratulations.

Eamonn & Janet.
Yep above..Call it Surveyor's tactics or the luck of the irish.lol

No sale is a sale until exchange so this is when I wish I was in the Scottish system a offer is binding.

I may get higher offer today as someone else is interested.

K
 
Old Oct 22nd 2008 | 6:12 pm
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Default Re: Update from Open House

Every thing crossed for you, good luck
 
Old Oct 23rd 2008 | 1:29 am
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Default Re: Update from Open House

Originally Posted by KJM
Yep above..Call it Surveyor's tactics or the luck of the irish.lol

No sale is a sale until exchange so this is when I wish I was in the Scottish system a offer is binding.

I may get higher offer today as someone else is interested.

K
Fingers crossed for a higher offer still and an eventual exchange.

E&J.
 
Old Oct 23rd 2008 | 2:10 am
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Default Re: Update from Open House

Originally Posted by KJM
No sale is a sale until exchange so this is when I wish I was in the Scottish system a offer is binding.
No, that's not quite accurate. Both the offer and the acceptance are written and they form the missives. It's when missives are completed that the sale is binding. Until then, either party can withdraw and it's taking longer for missives to be completed than it used to.

Even once missives are completed, if there is a problem with title the sale can fail.

The main difference is that the solicitors shift themselves to complete missives and don't shelve things for weeks as that is what they are used to.
 
Old Oct 23rd 2008 | 5:04 am
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Default Re: Update from Open House

Originally Posted by G586
No, that's not quite accurate. Both the offer and the acceptance are written and they form the missives. It's when missives are completed that the sale is binding. Until then, either party can withdraw and it's taking longer for missives to be completed than it used to.

Even once missives are completed, if there is a problem with title the sale can fail.

The main difference is that the solicitors shift themselves to complete missives and don't shelve things for weeks as that is what they are used to.
My apologies that is what happens when you listen to your Scottish OH
 
Old Oct 23rd 2008 | 6:37 am
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Default Re: Update from Open House

Originally Posted by KJM
My apologies that is what happens when you listen to your Scottish OH
My humble opinion is that the market tends to work because everyone believes offers are binding. Plus, you will normally have paid for a survey by the time of the offer, though that is changing with more fixed price properties!
 


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