this! We didn’t actually sell my granny’s house to the highest offer, we had 2 offers higher than the one we accepted in the end which was a little below the asking price. For us, it was my mums childhood home and it’s new owners being the right people was important to us. We had a cash offer from a builder and his son, a buy to let landlord, also cash, and a young couple who’s family were from the area and wanted to move there to start their family. We chose them.
Property Buying - Protocol
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Thanks. I'm getting the picture of how to deal with vendors now. I'll lay the full facts on the line with them. Do you think I should tell them the amount of my agreement in principle? If the agreement is 129 and their property is on at 90, that would show my affordability? Or would they wonder why I am buying so cheap when I could get somewhere more expensive? I've realised I need to act like your average buyer and not the crazy chick I am. I'll ask questions about the boiler etc and then fingers crossed they will take me seriously. (Still cuts through me having to kiss a to buy a product but hey ho). I've learnt a lot more than I was hoping to from this thread, thanks all.Don’t be too focused on being outbid. Bids are pretty much meaningless. What’s more relevant is a buyers position. Vendors would rather go for a lower proceedable offer than a higher pie in the sky bid.
The best thing you can do is get all your figures, house sale and paperwork in order and introduce yourself to the agents as a serious contender who knows what they’re doing and where they’re at. If you’re seriously in the running they won’t let you get out bid, they will want to get the vendor a sale at best possible price even if that means trying to get you into a bidding war.
A lot of agents won’t really want to engage with you until you at least get your sale well under way and can provide evidence of this, it sounds like there are months to go with your uncle purchasing, solicitor etc, so tell him to get a move on
The vendors don’t need to know the AIP amount but the estate agent will. They’ll probably only pass on to the vendor that you’re able to afford it, and your position - ie chain/no chain, paying with a mortgage etc
You’re not kissing a
you’re asking the sellers to put all their faith, trust, hopes and dreams and time in you, so you just have to play the game. This isn’t like buying a pair of shoes, this is peoples lives 
The agent won’t discuss the boiler and things like that with you. That’s for you to suss out when you view
That’s why viewings are important, you can get an idea of how well the property has been maintained and cared for. If it’s got plants growing out of the guttering that would suggest it may have been neglected. Your solicitor will ask for proof that it’s been serviced. I’m not even sure if the surveyor will comment on the boiler, I’ve only ever had minimal structural surveys.
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You will probably never meet the vendors of the house. All viewings are usually done through the estate agent. How is it kissing a?
I mean it's not a case of only asking about the boiler to be taken seriously, it's about being left with a boiler that needs replacing and might end up costing you thousands if you don't.Ultimately the vendors will choose the best offer for them, might be a first time or cash buyer if they are in a rush etc or they might wait for the highest bid. Not a lot you can do about that other than put yourself in a good position to proceed.
Quite some attitude from someone hoping to get estate agents, banks, and sellers to engage with them.
Well if there are no buyers, there is no commission...Rightmove, Zoopla, On The Market all try and engage with buyers via advertising. I expect my custom to be appreciated and I think that's a reasonable expectation, as I am giving them a substantial amount of money.
Except you’re not, the people you’re engaging with are the middleman… they can however tell their client their experience of you. If you’re an mole, they’ll pass that on…
I was a cash buyer, I certainly did not walk up to the owners of my now house with a suitcase full of cash 
. There is a wire transaction from cash buyers bank account to solicitors to sellers solicitors.
I believe for a mortgage property this is done between the bank and solicitors and you will wire transferdeposit.
I can’t even comprehend a 26 year old believing you walk to sellers with a suitcase of cash........
. There is a wire transaction from cash buyers bank account to solicitors to sellers solicitors.I believe for a mortgage property this is done between the bank and solicitors and you will wire transferdeposit.
I can’t even comprehend a 26 year old believing you walk to sellers with a suitcase of cash........
It’s supply and demand. I hate to break it to you but you’re a no one in this process. You want and need them far more than they want or need you.
Depends on how popular then house is. If it needs a lot of work doing and I am the only one to make an offer them it's either my offer or nothing and no sale means no commission. I wouldn't be an a hole with them I'd just expect a please and a thank you and for them to turn up to viewings with accurate information.
Ridiculous all houses eventually sell. The estate agent works for the seller not you. End off.
Obviously I didn't mean literally walk up to them with a wad of cash I meant approach them with an offer to pay in cash rather than it going through the bank.I was a cash buyer, I certainly did not walk up to the owners of my now house with a suitcase full of cash
I believe for a mortgage property this is done between the bank and solicitors and you will wire transferdeposit.
I can’t even comprehend a 26 year old believing you walk to sellers with a suitcase of cash........
Ultimately unless you have the 60k in your bank account right now then you're going to need to sort out the sale of the property you already own before doing anything else!
a cash buyer has the money in their bank account. When getting a mortgage the money is a loan you pay back and the money never enters your bank account. Therefore you will never be a cash buyer.
even as a cash buyer “cash” was never exchanged all it means is there is no mortgage.
I forgot to add, Uncle paid off the mortgage on this place, on the agreement that we sell to him, so he definitely wants it. He renovates houses and sells them for a profit and also buys to let.
Not sure if that would be legally binding. That could be a whole other issue altogether
Well my advice would be speak with your uncle and your family. Make sure your all on the same page. Agree an offer and get a solicitor. Once that is done you'll be able to make offers on other properties.
I don't mean to come across as angry with anyone here. I appreciate you all mean well. I am just angry at the system and the protocol. 
Well, this thread has certainly livened up a very boring day. 
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