Narrowed down to a few options - offer one at a time, or all at once?

After a bunch of viewings, we have 3 houses on the market that we would be happy to buy. What's the best thing to do here? Do we just offer on our first choice, wait for an answer on that, and risk the others going while we wait, or should we offer on all three (and potentially have to pull back from one if we get multiple offers accepted)?

Offering on all of them definitely seems the safer option for getting somewhere (without more viewings, which are hard to schedule due to personal circumstances), but risks not being taken seriously if eg we get the offer accepted on our third choice while the first choice is still considering it and have to decide whether to go ahead or hold out for the other one. Also seems like a bit of a dick move towards the other sellers, and a couple of the properties are with the same agent which is obviously not ideal.

Posted Mar 4, 2022, 10:25 PM UTC

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Don't offer on more than one property at a time with the same estate agent. But otherwise I think it's OK to make multiple offers. Especially if you put in low offers, which are likely to get rejected. That can be useful (e.g. if one just says "no" and another gives a counter, or at least a suggested increase, that will help you decide what to do next).

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I would like to try this, but unfortunately I don't have a partner!

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Curi0us_Yellow•

I’d offer on the proviso that if they accept they take the property off the market immediately because there are other properties you’re considering too. Just because a seller accepts your offer doesn’t mean the sale will go through. However, if they’re willing to consider taking the property off the market then that’s an indicator that they’re serious about selling too.

As a seller, I’d be pissed if the buyer offered and pulled out for no reason apart from “I found something better”. This isn’t some trinket on Amazon they’re flogging. There’s a lot bound up in the sale for them emotionally as well. I’d urge you to consider their side. Treat them as how you would like to be treated.

Out of curiosity, are you a first time buyer?

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devolute•

In many areas, if a buyer pulls out cleanly (i.e. not after weeks of mucking about) then they can just go to the next bidder in the list. Not a huge deal.

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dontbelikeyou•

I would 100% offer on all three so long as they weren't with the same estate agent. You owe them no exclusivity because they owe you no exclusivity. If any of them were with the same estate agent I'd call up and try to get a feel for if they would view multiple offers as an issue.

They may even give you a hint as to whether one of them already has an offer that's likely to be more attractive than what you were thinking. They will also probably give you an idea of the time frame involved. Here it's not uncommon for places to set a best and final deadline 5 days out. That'd leave you time to see how you get on with the others.

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Offer on one at a time, but you can say you're also interested in other properties and need to know as soon as possible.

We were selling and accepted an offer only to find out the buyer had made multiple offers and wanted time to decide between the properties who had accepted his offers. Meanwhile, while he was deciding, our estate agent encouraged us to keep doing viewings and the following day we received a better offer and accepted it as we could tell they were more serious about buying than the other buyer.

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