C
citybaker
Guest
Hi
I have been bidding on a house and it has been going up in small increments.
This morning, I was asked to match the latest bid and to provide proof of mortgage facilities on the basis that the executor selling the house is going to decide tomorrow between the two matching bids. I matched the bid and provided copies of the mortgage offer (approval figure redacted).
However, I am starting to feel uneasy about this. No one I have talked to has ever heard of this happening. I asked the estate agent how the executor would differentiate between the two offers. Apparently the other bidder is in the same position as I am (first time buyer and has provided proof of mortgage approval). He said he didn't know but that was what the executor wanted.
Would appreciate any input/comments on this proposal? The EA has said that the executor will be making their decision tomorrow.
I have been bidding on a house and it has been going up in small increments.
This morning, I was asked to match the latest bid and to provide proof of mortgage facilities on the basis that the executor selling the house is going to decide tomorrow between the two matching bids. I matched the bid and provided copies of the mortgage offer (approval figure redacted).
However, I am starting to feel uneasy about this. No one I have talked to has ever heard of this happening. I asked the estate agent how the executor would differentiate between the two offers. Apparently the other bidder is in the same position as I am (first time buyer and has provided proof of mortgage approval). He said he didn't know but that was what the executor wanted.
Would appreciate any input/comments on this proposal? The EA has said that the executor will be making their decision tomorrow.