Any catches when buying a property by a sealed bid (England)?

[AtW]

Wining strategy? Put in the highest offer!!!

And if you work for NSA you can make sure your bid is no more than a penny higher than it needs to be

[Bacchus]

Wining strategy? Put in the highest offer!!!

Not necessarily so!

I bought a house by sealed bid, mine was the highest "cash" offer - I had all the finance in place without having to sell something else, but it was about a third of the way down in absolute terms

I found out later that all the developers etc who had put in lower offers immediately tried to top mine, but the seller honoured the agreement and I got what transpired to be a very good house for the money

The ex did well out of that one... (c:

[Wanderer]

E.g. the tender offer talks of the unconditional offer (if!). Thought no offers could ever be enforced in England?

Any catches when buying by a sealed bid, and what's the winning strategy?

Well, since you are making an unconditional offer you can't back out if you change your mind. You will probably have to pay a deposit immediately and the balance at an agreed date.

Wining strategy? Put in the highest offer!!!

[Ticktock]

Unconditional offer means you are saying "I will give you £x for what you are selling", rather than "I will give you £x, however only if... (e.g. you bleed the radiators first)".

[mickey]

E.g. the tender offer talks of the unconditional offer (if!). Thought no offers could ever be enforced in England?

Any catches when buying by a sealed bid, and what's the winning strategy?