no estate agent will entertain us until we are sale agreed.
Do you have to have a proof that your property is sale agreed before you can make an offer?
but you can't put in an offer until you have gone sale agreed on your own. Or to be more exact, you can put in an offer, but it will be conditional on the sale of your own property, so it will not be accepted.
You can't sign a contract to buy until you have signed a contract to sell.
To draw an estate agents attention to any possible pitfalls would, in my opinion be foolish.
cremeegg - the estate agent's first question when an offer is made is "Do you have to sell your own house first or are you a cash buyer?"
What do you respond? "Mind you own business!" ?
Brendan
I've put offers on two different properties in recent months. All were via phone and nobody asked to see proof of funds. I did make sure to tell them I wasn't in a chain/QUOTE]
Same here 2 times round recently, was not asked to furnish proof at all, from either of the Agents. I know if I were selling, I would insist on seeing proof of funds though.
For the agents I've dealt with, all offers must now be submitted in writing (fax or email), and will only be accepted upon receipt of confirmation from my solicitor that I have the funds currently available to complete the purchase.
I recently bought a house. Like Leo the first question the estate agent asked was did we have to sell our house.
Any offer we made had to be in writing and accompanied by proof of funds for the entire offer amount. We were told without that our offer would not be accepted.
In the last 18 months, every house we bid on required an email from the bank stating we had a sufficient approved mortgage amount and cash deposit to support our bid.
I've put offers on two different properties in recent months. All were via phone and nobody asked to see proof of funds. I did make sure to tell them I wasn't in a chain (in case that helped my case!).
Hi
I need advice from people who have experience in selling and buying in a chain. We have finally decided to sell our apartment and buy a house. We have started the process to get a tracker mover with PTSB. We have a large enough deposit and do not require additional funds.
We have started visiting houses, all well within our budget, and will be putting our apartment up for sale in 2 weeks time. We have also secured rental accommodation in case we end up being in between properties.
The advice I read on various websites, including this one, is to try and sell the apartment first as no estate agent will entertain us until we are sale agreed. However, the mortgage manager I saw advised to start putting offers on properties as 1) we have a limited time to complete the sale and purchase (6 months), and 2) PTSB need an evaluation of the property we want to purchase to complete the approval (although he also said we could be approved on the basis of an amount rather than a specific property).
I wonder whether we should start expressing an interest in the properties we like. Do you have to have a proof that your property is sale agreed before you can make an offer?
Thanks
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?