In the coming days, we will enter the viewing phase.
We have some parties who are very interested. I'm curious to see if any will make commitments, and if so, how many.
I have already received financing documents from some. One such "subject to conditions" document from the house bank, which is probably worth as much as the paper it's printed on. :D And a concrete confirmation from a prospective buyer for another property from Nov. 21, for an even significantly higher amount than our asking price, where they were subsequently outbid and did not get the house after all. There was nothing about conditions on that, so I consider that credible regarding creditworthiness.
But generally, I am starting to wonder how we will make a decision here. If we had multiple commitments now, we would like to take the party with the highest assurance that the financing won’t fall through to the notary.
I also have a viewing from someone who claims they don’t need a bank at all. O.o How do you prove that? Do you ask for a bank statement or something?
My gut feeling based on the urgency some interested parties have conveyed to me via messages/calls currently says that we might have to prepare for multiple commitments and maybe even someone offering more than asked. On the phone, we’ve already heard statements like "We find the price more than reasonable"…
I’ve always said I’m not a fan of these "bidding procedures," and that remains true—I thought I’d avoid it by simply listing at our asking price, which was set relatively high. What do I do if people now outbid each other unsolicited? Do I inform the others? Should I ask them beforehand if they want to know if someone else is offering more? Then I’m somehow in a bidding process without asking—but giving up 10 or 20k € just out of pure humanity is something we can’t or don’t want to do. We are also facing a new property, and more capital means more security, logically.
How would you proceed?