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Buying a repossesed property - any tips?

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Thekopman | 13:35 Mon 27th Sep 2010 | Property
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I currently have an accepted offer(£122k on asking price of £130) for a property and now starts the agonising 28day completion period in which anyone can jump in with higher bid.

Any tips on avoiding this and safegaurding my bid? I realise there is no 100% way of stopping other bids but any advise is appreciated.

Thanks all in advance
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You can't safeguard your bid. That's the whole point.
the only thing you can do is make yourself as attractive a buyer as you can be - ie mortgage in place, willing to proceed etc. It may be thatsomeone else does want to pay more within this period, but if they are not as "easy" a buyer as you, the seller might not accept it
Outbid yourself. lol
Question Author
Thanks for answers all. I suppose being as versatile and quick with all aspects of sale will help my cause. Very scary though - valuation/survey to be done in a week - so thats the first step. I suppose the longer we go down line the more chance of another bid not being accepted.
If you are intrested in buying apportment then you should keep some thing beore this like:
1: The “Rent vs. Buy” Decision
2: Figuring out How Much Money You Have Available
3: Buying Into Condos 0r Co-ops
4: Getting More Help
Fore more inormation releted to buying and selling property visited this page.
https://propertybuy-rent.co.uk/buy-appartments/


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