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The Property Podcast

ASK440: Should I accept an off-market offer? PLUS: Is this a red flag?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 6 August 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Happy Tuesday! Rob & Rob are back and they’re answering two new listener questions! (0:40) After getting his property valued, Adam received an off-market offer at the full asking price. Unsure how to handle the situation, he turns to Rob & Rob for their thoughts and advice. (3:07) George has put an offer on a flat that looks like a solid investment with a great yield, however he’s concerned as the property has a vacant freeholder. He plans to get indemnity insurance but wants to know if the guys have dealt with similar situations and what potential issues he might face down the line. Enjoy the show? Leave us a review on Apple Podcasts - it really helps others find us! Sign up for our free weekly newsletter, Property Pulse Send us your question by calling us on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply) or click here to leave a recording via your computer instead. Find out more about Property Hub Invest

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.

0:07.0

Hey everyone, welcome to Ask Rob and Rob, the show where you give us your questions and we give you some answers in return. It's a great concept, so much so, we've done

0:16.2

440 of these now. But that Road Show needs to continue, so let's give you a reminder of how you can get your questions on this show or even

0:25.4

in the Sunday Times.

0:26.4

Yep so easy all you have to do is go to Property Hub.

0:29.8

That you can send us a written question for the paper or you can send us a

0:34.0

voicemail for the show and you can be inspired when you do that by the question we're

0:37.9

about to hear from Adam.

0:39.3

Hi Robin Rob, just a quick one as I recently had the offer on By House of Marquis, I had it valued,

0:47.7

so I was just thinking about it, and then they had a buyer who was in a chain, and guess if you wanted to see it,

0:53.8

before it came on the market,

0:55.7

and offers full asking without it going on to the market.

0:59.3

So in that sort of situation,

1:00.8

I'm interested to hear your thoughts. I did subsequently have

1:04.1

it valued a couple of other times to have slightly different prices but overall price was

1:09.1

roughly the same but some said you might be able to achieve a little bit more.

1:13.0

So interesting to your thoughts on that.

1:15.0

And having off market full-class price offers how you would deal with that.

1:20.0

Thanks.

1:21.0

Thanks Adam.

1:22.0

What a nice position to be in. So if this was me it'd come down to a few things.

1:27.5

First of all, I'm I happy with the valuation. And it sounds like you are, and it sounds like you've had multiple

...

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