[Pinchy]

Originally Posted by Loopylooloo

Our son has offered full asking price on a house, first time buyers, mortgage all agreed, the estate agent has said that there were four other offers, all asking price, so they are asking for full and final offers by Friday, the highest will win.
The other offers will be non disclosed.
Has anyone any experience of this situation or advice?
They can afford to go slightly higher, (up to £10,000) but, of course the danger is it being under valued in the survey. Seems like a crazy market situation at the moment, demand is far outweighing supply in our area.

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Not just your area. I had six offers immediately on a fixer-upper around or at the asking price (high IMO). I was tidying up in the front garden and at least 5 cars stopped to look and 2 people asked if they could look round the garden. That was just one day!Then the offers over started cash buyers and mortgage secured with cash. Not seen the likes for many years.