- Can estate agents lie about offers?
- Can you ask what offers have been made on a house?
- What is a cheeky offer on a house?
- Is it worth viewing a property under offer?
- Can you offer under offers over?
- What happens if two offers are made on a house?
- Do sellers always pick the highest offer?
- Can you put an offer on a house without viewing?
- Can a house seller accept two offers?
- How long can you keep a house under contract?
- Does a second showing mean an offer?
- Can you put an offer in on more than one house?
- What does under offer mean rent?
- What happens if a property is under offer?
- Can I put in an offer on a house that is STC?
- Can a seller accept another offer after accepting one?
- Can you view a house that is under offer?
Can estate agents lie about offers?
When an estate agent markets a home they’re legally obliged to treat both buyers and sellers fairly by following the Code of Practice for Residential Estate Agents.
This means they should not lie about offers to any party involved..
Can you ask what offers have been made on a house?
There is no law stopping them from telling you the amount, but there is also no rule that says they must do. However, the agent is obliged to let his client know of any offers made and so make sure you put any offer in writing. It means you can, at least, rest assured that your offers have been received by the vendor.
What is a cheeky offer on a house?
It’s arguable that any offer of more than 10% discount off the asking price could be considered a cheeky offer. The level of ‘cheek’ depends on who the vendor is and how long their home has been on the market. But so long as you’re prepared for them to say no to your offer, it’s worth taking a punt with a cheeky offer.
Is it worth viewing a property under offer?
‘ The simple answer is yes, even if the property is already under offer, the agent is legally obliged to pass on your offer to the owner.
Can you offer under offers over?
If you stipulate an offers over price knowing that it is lower than the vendor will accept, then that is bait advertising. … Bait advertising is prohibited because it gives buyers a false impression about the price a seller is willing to accept for a property.
What happens if two offers are made on a house?
When there are multiple offers, the seller typically takes one of three actions: Accepts the most favorable offer. Counters all offers to give everyone a chance to come back with a better bid in an effort to get the best price and terms. Counters the offer closest to the price and terms the seller’s seeking.
Do sellers always pick the highest offer?
When it comes to buying a house, the highest offer always gets the house — right? Surprise! The answer is often “no.” Conventional wisdom might suggest that during negotiations, especially in a multiple-offer situation, the buyer who throws the most money at the seller will snag the house.
Can you put an offer on a house without viewing?
Of course you can make an offer and withdraw it later but then the agents will think you’re not serious if you want to look at more properties with them later. If you tell the agent you have no chain, mortgage in principle, solicitor appointed and ready to act they will get you a viewing very quickly indeed!
Can a house seller accept two offers?
My question is, can the seller continue to accept other offers from buyers after I’ve made my offer?” Yes, the seller can continue receiving offers from interested parties for as long as they want. In fact, they could keep the home listed for sale right up until the closing date, if they chose to.
How long can you keep a house under contract?
That said, the length of the settlement period typically lasts between 30 and 90 days. The most common time period for settlements in different states is 60 days, except in New South Wales where it is 42 days.
Does a second showing mean an offer?
A second showing is scheduled when the party has already been through the property once and is coming back to walk through the property for a second time. It is often a sign that a party is interested, but on the fence about writing an offer.
Can you put an offer in on more than one house?
Yes, in many cases it’s possible to make offers on more than one home at a time (though some local real estate laws might forbid it). But it might cost you money in the form of a lost deposit. Much depends on the wording of the contract and your local laws.
What does under offer mean rent?
The status of a property to let when a landlord has accepted an offer from a prospective tenant, prior to exchange of contracts.
What happens if a property is under offer?
When an offer to purchase a property is accepted by the seller, it is generally referred to as ‘under offer’. This means that the agreement on price, terms and conditions has been reached, however the seller and buyer still need to sign the contracts and exchange.
Can I put in an offer on a house that is STC?
It is possible to make an offer on a property that is Sold STC. The property is still technically available as the contract is still pending. Other potential buyers may take this opportunity to enquire about the property and make an alternative offer to the seller.
Can a seller accept another offer after accepting one?
This is quite a common question when it comes to buyers. … But, once an offer has been signed off by the seller, the property is under a legally binding contract with buyer and seller and the owner cannot accept any other offers, even if they are higher.
Can you view a house that is under offer?
Under offer (UO) is also used by some Estate Agents to indicate that an offer has been made, but not yet accepted. You can still enquire about an Sold STC or UO property as the sale is not complete until the signed contracts are exchanged. Technically the property is still available.