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Cash Sale, Should I Tell EA??

Independance · 2013-05-21 12:03:46

Hi just wondering, I'm interested in a house, have a bid in and nobody has outbid us yet, but just on the off-chance we do get outbid and it goes nearer the asking price (current bid -11%) should we make a bid and tell the EA it's a cash price in the hope it would be excepted over others. Eg: House price: €230k, our bid…

21-05-2013 12:03pm

#1

Independance

Registered Users, Registered Users 2 Posts: 48 ✭

Join Date: July 2012

Posts: 27

Hi just wondering, I'm interested in a house, have a bid in and nobody has outbid us yet, but just on the off-chance we do get outbid and it goes nearer the asking price (current bid -11%) should we make a bid and tell the EA it's a cash price in the hope it would be excepted over others.

Eg: House price: €230k, our bid €210, counter bid of €220, new cash bid of €215k

Any experience from other cash bidders would be helpful, how did you bids progress?

Thanks in advance

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Comments

#2 21-05-2013 12:59pm

pwurple

Closed Accounts Posts: 12,449 ✭✭✭✭

Join Date: February 2007

Posts: 12134

Tell them now your current bid is cash. It makes a big difference to a seller.

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