Can I put an offer in on a property if I have not sold my property?
Asked on Aug 8 2013,
General in Reading |
Yes you can, but it carries little weight and most agents would advise their vendor to not consider seriously until you were in a position to proceed.
You will also be inclined to offer a premium price to tempt the vendor but that of course means you are penalising yourself financially for not being in a strong position.
Further you are likely to need to sell quickly, which will probably mean cheaply, which would penalise yourself financially yet again.
Hold fire until you can back up an offer and get your own property on the market first.
Answered on Aug 8 2013,
Yes but are you in a position to buy without selling yours?
Answered on Aug 9 2013,
If you have loads of cash or are friendly with the bank manager there is no limit to how many properties you can own, or did you mean?: 'all my money is in my current house, can I put in an offer without having the funds in place?' That would be a waste of time and money, as once your solicitor is involved, it will cost you money.
Answered on Aug 20 2013,
Hi, you can however the offer would only be accepted by the vendor without obligation and in the meantime if another buyer came along in a position to proceed with the purchase then the vendor is within their right to accept their offer and proceed with them.
Answered on Aug 23 2013,
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