Please help me make an offer!

(83 Posts)
flow4 Sat 16-Mar-13 08:45:50

Hi all, I bought my first house nearly 25 years ago and stayed in it. I am finally ready to move (with 2 teenagers now) and have found a house I like, but I feel really inexperienced and out of my depth - since I have only ever bought a house once and it was so long ago! I am a single parent too, so I have no-one to share the decision-making with... So I'd very much appreciate some opinions and advice! smile

The house I like is on the market for £132,500. It's a 3 bedroom semi on the fringes of an ex-council estate in a pleasant enough mixed area. It's in good condition with good sized garden and detached garage. Its kitchen and bathroom are under 2 years old. A neighbouring house which is in the middle of a row of 4 rather than a semi, and not so well situated or pleasant, is on the market for 129K. Overall, I'd say it's quite a desirable house - among the best of its type.

The market in our area is pretty flat. My current neighbours' house has been on the market for 2 years. Lots of other houses have been on the market for a year or so. But of course 'desirable' properties sell more quickly... And there's always the anxiety that the market may pick up at any moment!

I am (subject to final official mortgage offers via a broker who is on holiday) in a position to offer up to the asking price (and perhaps a bit over) without needing to sell first - effectively like a FTB. I know in theory this puts me in a strong position to negotiate...

I also know - or have been told - that the vendor is in no great hurry to move, is looking to move to a smaller property in a more expensive area which could potentially be above the asking price for this one, and has not yet found the house she wants. I also know she bought the house herself six years ago (when the market was a bit healthier) for £125K.

Stamp Duty is a bit of a psychological barrier - it's obviously not insurmountable, but it's in my head... My first instinct is to offer £125K (subject to survey) - which is just over 94% of the asking price. But because I'm inexperienced, I'm unsure about how to 'play the game'... Will the vendor expect me to move up from my first offer? Should I go in lower and offer, say, 90% of the asking price (119,250) or would that just be insulting?!

Thanks in advance to anyone who's more experienced at this than me, and who's kind enough to offer me any advice!

middleagedspread Sat 16-Mar-13 09:25:21

I'm no expert..but have sold & bought a couple of houses in the last few years.
You are in a strong position & I would go in with a cheeky offer & take it from there.
If the vendor paid £125K I can't imagine she's accept less, but who knows. Although you've been told she hasn't found anywhere it may be because she doesn't know how long it will take to sell her existing property. Especially if the market is locally flat.
I think I'd be tempted to offer £121 but of course don't indicate to the agent that you'd be prepared to go higher. Buyers like you are very desirable & you should use it to your advantage.
I know it's scary!

flow4 Sat 16-Mar-13 09:39:46

Thank you mas. smile It's really rather terrifying!

She told me herself that she hasn't found anywhere. But she also mentioned that she could move in with friends temporarily... I think she's still psychologically preparing herself for the move, and wavering, which is probably why I'm hesitating to make a 'cheeky' offer which might put her right off.

Why £121 specifically, btw?

middleagedspread Sat 16-Mar-13 09:46:17

Well it's over 90% & I would guess she's got 'not below £120' in her head. Of course you won't know until you try!
My feeling is that a house is worth what someone is prepared to pay for it. If you really love it, have looked extensively and can afford it then you could offer top whack. But, remember your strong position.

flow4 Sat 16-Mar-13 09:54:00

Yes, I can see a definitely logic to 'not below £120'... She may well have 'not below £125' in her head, given that's what she paid for it...

Is it generally considered better to offer lower and be prepared to rise; or offer a bit higher and drop if the survey shows problems? I wonder whether the second approach makes me seem a more 'serious' buyer... confused

"Remember my strong position. Remember my strong position". >> practices new mantra<< grin

jammybean Sat 16-Mar-13 10:16:58

I think lowering an offer after survey is pretty risky...What if the vendor won't accept the drop in price? Potentially the vendor could pull out when you've spent hundreds on surveys, solicitors fees etc.

IMO starting low and negotiating up is usually a good bet. Or making one high best, final offer if you want to cut the back and forth negotiating.

flow4 Sat 16-Mar-13 10:40:37

Thanks jammy. On my one-and-only house purchase, all those years ago, I offered the asking price, then dropped 5% when the survey came back with lots of things that needed doing. It worked, but then the vendors had found a house they wanted and were afraid of losing... I think you're right, and that tactic wouldn't be a good one here...

MrsJamin Sat 16-Mar-13 11:44:52

Just remember to take your time when negotiating. I'd say offer £121. And if its not accepted, just wait a little while to offer any more. They may come back to you and suggest an offer they would accept, then you have some negotiating space. Taking your time asserts your power in the situation, which you do have. Good luck!

flow4 Sat 16-Mar-13 12:05:29

Thank you MrsJ. smile 'Take your time' is good advice (if nerve-racking!) Given that the house only came onto the market a week or two ago, would you say I should hold my nerve and not even make an offer yet? Or should I make an initial offer early, and then take my time about revising it...? confused

middleagedspread Sat 16-Mar-13 12:05:39

Id really agree with MrJ, make an offer & even if it's refused hold your nerve for a few days. If you don't immediately make a counter offer she might well come back to you. Be firm with the EAs too, hold your cards close to your chest.
Do let us know how you get on.

middleagedspread Sat 16-Mar-13 12:16:41

Also, keep looking at other properties.
There's never only one perfect house.
You'll get a good idea of what you can get for your money & what the competition's like. Also the EA will know that you haven't pinned your hopes on just one house & can advise the buyer that you're looking elsewhere too. You're an Agents dream & he will want you!

flow4 Sat 16-Mar-13 12:37:32

Good point... I'll arrange some other viewings today if I can... smile

Yfronts Sun 17-Mar-13 20:37:08

A house is only worth what a buyer is prepared to pay - which isn't necessarily the asking price. A house bought in 2007 was bought at the peak of the housing market. If it cost 125 then, it's only going to be worth about 113 now. I think it's quite reasonable to offer lower when a market is so stagnant. 121 is far too high for a first offer.

flow4 Mon 18-Mar-13 00:05:37

Thanks Yfronts. I'm not sure I have the nerve to offer less than £121K on a house which is newly on the market at £132.5K!

pinkdelight Mon 18-Mar-13 10:19:13

I think you're being too careful about her feelings here. It's a lot of money and you have to be businesslike about it. As someone else said, just because she paid 125k, it doesn't mean it's automatically worth more now. We paid 279k for our last house in 2007 and sold it last year for 280k, despite having done 40k rennovations - and that's in London. That's just how the market is now and it sounds like the market is even tougher near you if things sit on it for two years. I would assume that anything priced near the stamp hold threshold would be fairly optimistic/deluded to expect people to pay over the threshold. So yes, I'd start at 119k to test the water and then take it slowly and keep your nerve. You're the one in the strong position and just because you can afford the asking price, doesn't mean you should pay top whack when it's not actually worth that much.

MrsJamin Mon 18-Mar-13 13:23:29

I think 119k looks like you're not serious about the property- its less than 10% of the asking price. £121k doesn't look too cheeky but is a good starting point.

ILikeBirds Mon 18-Mar-13 15:18:43

Anything 10% or less under asking doesn't really count as cheeky imo. We made an opening offer of 97 on a house with an asking price of 115

MrsJamin Mon 18-Mar-13 17:12:27

I'd have laughed at that kind of offer. It really depends on how long the vendor has been on the market and how much of a rush they're in to sell.

ILikeBirds Mon 18-Mar-13 17:19:37

Well they sold the house to us, so nothing lost

Sillyoldbagpus Mon 18-Mar-13 19:43:34

I'm not sure if I'm offering good advice here, but I am of the opinion that if it is your 'dream' home and its a one of a kind house, then consider offering asking price or very close. Get it off the market and enjoy living there.

If you are willing to loose it and there are likely to be others like it then offer under. Did the estate agent give you any idea of the number of viewing etc? Have they phoned back for feedback? I wouldn't make an offer on a Friday, if there are people viewing at the weekend you don't want them viewing with an offer in the table.

AliceWChild Mon 18-Mar-13 21:24:19

I tend to agree with baguss. I'm in the process of buying a house. We played the game a bit and got some reduction on the price, but not much. I wanted the house, I'm buying a home. I probably paid more than I could have. Meh, don't care. The difference on mortgage repayments won't be huge. I'm planning on living there a while by which time that money will immaterial. Life's too short. Obviously there can be situation where every penny counts, or you might enjoy 'playing the game' but unless you're in that position I don't find the messing around and stress worth it. I also tend to think if you behave in a dog eat dog way, the vendor might eat you back at some point. Of course you might be dealing with someone who will eat you anyway but it makes me happier to assume better. I'm sure I paid more as a result, but I feel happier.

flow4 Tue 19-Mar-13 00:38:32

Thank you all smile I've been busy with brokers and mortgage details all day... Can't quite switch off now! confused

I've had a second viewing so they know I'm interested. I've played it as cool as poss with the EAs (which isn't especially cool, cos I'm not very good at that! blush ) and told them I'm interested and considering making an offer, but waiting to sort finances, and still viewing other properties (all of which is true).

I am so rubbish at all this money/negotiating stuff; I don't think I have it in me to be 'hard nosed'! This represents quite a lifestyle change for me - going from having no mortgage to having two and being a landlord, and it's rather scary!

Alice, I like this thing you said: "I'm planning on living there a while by which time that money will immaterial. " I think that's a key question for me... I need to decide whether it's somewhere I'll want to stay - in which case, a couple of thousand here or there won't matter. smile

Jaynebxl Tue 19-Mar-13 06:55:37

It is really tricky, isn't it? And depends so much on the area. Round here things sell really fast generally, so long as it isn't ridiculously overpriced, and if you see a house you like you have to move fast and offer the asking price or someone else will beat you to it. We put ours on the market on the Wednesday and had two asking price offers on the Saturday. So it is hard really for anyone to give accurate advice without really knowing the local market.

flow4 Wed 20-Mar-13 00:36:22

Yes, of course that makes sense. It's generally much slower around here. A friend's house sold today after 2 years on the market, and at just 75% of the original asking price. My neighbour's house has been on the market since Christmas 2011. On the other hand, 3-5 houses sell most months in this area, and if this is the house for us, I don't want someone to beat me to it! My finances are now sorted and we're viewing again on Thurs eve (she can't make tomorrow) - this time I'm taking a builder friend to cast a slightly more practical eye over things smile All being well, I'm then planning to make an offer - but I still haven't decided how much! confused

Jaynebxl Wed 20-Mar-13 06:08:10

Will be watching with interest tomorrow then!

AliceWChild Wed 20-Mar-13 08:07:28

Exactly, that's the thing flow. Speculating on what happens to other houses and how much they go for wont help if someone else is interested in the same as you. You can't miss it and then get it back through reference to the average stats. That's why I pay less attention to that stuff. I'd rather just be happy with the house I wanted.

ILikeBirds Wed 20-Mar-13 09:08:48

You also can't get any money back if you've offered over market value and don't have the money to make up the extra when the bank values it as less.

On a more expensive property a couple of grand might make no difference, at the sort of price the op is paying a few grand makes a real difference to loan to value ratios and thus lending options.

flow4 Fri 22-Mar-13 19:06:56

Well, after various bits of local advice, I offered £125K today. It has been rejected and the vendor says she wants to hold out for the asking price. She still hasn't found anywhere she wants to buy.

I have to decide my next move... Any suggestions? smile

MrsJamin Fri 22-Mar-13 19:45:29

Interesting. What do you think the house is actually worth? And how much do you like it?

flow4 Fri 22-Mar-13 20:23:53

I think it's probably worth a bit more than £125K, but not as much as £132.5K. She's had a bathroom and kitchen fitted since she bought it for that price in 2004. But the electrics are old - almost a decade older - and the house is going to need rewiring soon, as well as all the odds and ends like re-decorating and patch-pointing...

It's such a difficult question, isn't it? It's worth what someone will pay for it!

I like it a lot, but it's not a 'dream home'. It's light and practical and meets our needs and has v good outside space, and is reasonably aesthetically pleasing. On the other hand, its rooms are smaller than the house we're in now, and it doesn't have the amazing view we have now...

It's sooooo hard weighing up incomparable things!

middleagedspread Fri 22-Mar-13 20:31:01

If it's only recently gone on the market, she'll probably want to reject an offer lower than she was hoping for a bit.
I would suggest that you keep looking at other properties (a better one might come along) and ask the agent to keep you informed. If no more offers are forthcoming then yours might look more reasonable.
If you decide you really want it and she really wants to sell, you'd be a great position.

flow4 Fri 22-Mar-13 20:50:27

Yes, I think you're right mas, and that sounds like a reasonable plan, if I can hold my nerve! confused

MrsJamin Sat 23-Mar-13 06:26:08

Yeah I agree, unless you put in an offer of 127,500 - only 5k off asking price.

flow4 Sat 23-Mar-13 09:52:55

The thing is, when I offered 125, I wasn't expecting her to accept it, but I was expecting some sort of counter-offer along the lines of "She'd accept 130/131". This would have then made it reasonably easy for me to say "127/8" and for us to settle on somewhere around 128-129 perhaps...

But because she made no counter-offer, but just said she was looking for the asking price, I feel a bit stuck. If I go back with 127.5, she'll have no reason or incentive to do anything other than stick to her guns... So there's nothing to be gained, and in fact I think I weaken my negotiating position...

Or am I missing/misunderstanding something...? That's perfectly possible! confused

middleagedspread Sat 23-Mar-13 11:10:02

I think it's because it hasn't been on the market long. She probably had several agents offering inflated prices & at the moment thinks she'll get it.
If you can hold your nerve, step away for a while & see what happens. The EA knows you're interested & the first whiff of an offer elsewhere he'll be on the phone trying to get you to offer again.
If, as you say, the market is flat in your area then 3 months down the line £125 might seem an attractive offer.
Of course, if you really love the house & think you won't find a better one, you're in a position to offer the full asking price. However, if she hasn't found anywhere to buy you might have to wait ages anyway.

flow4 Sat 23-Mar-13 12:27:32

Yes. It would be good to put it out of my head completely for a while, wouldn't it? It's unfortunate I'm snowed in and can't go out viewing other houses to distract myself!

flow4 Tue 26-Mar-13 12:45:42

Just a quick update...

I've had a second call from the EAs this morning, asking again if I'd consider making a higher offer. I've explained my offer of £125K is still on the table, and that if the vendor accepted it I would be delighted to proceed, and that if she made a counter offer I would consider it... But that meanwhile, I am now looking at houses on the market from £135-150Kish, which are her 'competition' if she insists on the asking price.

Does that sound reasonable?!

MrsJamin Tue 26-Mar-13 13:22:05

yeah definitely. Sounds like you have nerves of steel!

middleagedspread Tue 26-Mar-13 14:52:51

Sounds like you're doing the absolutely right thing, well done.
Hang on a bit longer..& I reckon it'll be yours (at a good price).

flow4 Tue 26-Mar-13 14:59:00

Aaaaargh! grin confused
I've just had a third call saying the vendor will accept £130K...
So what do you good people reckon should be my next move?!
Dunno about nerves of steel... I feel like a woman on the verge of a breakdown!

flow4 Tue 26-Mar-13 14:59:32

(I said I'd get back to them in the morning, BTW)...

middleagedspread Tue 26-Mar-13 16:27:57

If it was me I'd wait until tomorrow afternoon (until thursday if you can, just before the BH weekend) & make an offer of 127.500 stipulating that it's your final offer & you won't be exceeding it. You're meeting her half way in a stagnant market. Also, that you'd like a decision by 4pm on thursday.
It might also be worth having a specific time frame in mind; if she hasn't found anywhere she needs to know you won't hang about forever..
You must let the EA (and by default vendor) know that you're prepared to walk away, even if you're not wink
Remember you're a vendors dream & that she's lucky to have an offer from you!

flow4 Tue 26-Mar-13 16:34:00

Remember you're a vendors dream, Remember you're a vendors dream, Remember you're a vendors dream, Remember you're a vendors dream confused

flow4 Tue 26-Mar-13 16:34:25

(Just trying to remember!) grin

middleagedspread Tue 26-Mar-13 16:57:15

Hope she's not a mums netter, or she'll know your cunning plan!

flow4 Tue 26-Mar-13 17:00:21

The thought had crossed my mind, but I think it's unlikely... > ^ crosses fingers^ <
And I can't be the only person in the country trying to buy a house without crossing the stamp duty threshold, locked in negotiations with a vendor who wants full asking price! grin

middleagedspread Tue 26-Mar-13 17:02:25

Especially not on The Isle of Man grin

flow4 Tue 26-Mar-13 19:25:36

I'm wavering between thinking I should agree to £130k to get it all over with, and stick at £125k because that's probably closer to what it's worth... That's not much good, is it?!
At this point, it seems to be more about gamesmanship than reason! confused

middleagedspread Tue 26-Mar-13 21:02:58

5K is a lot of money, thinking of the moving costs & the gorgeous soft furnishings you could buy.
It doesn't sound as if there are other interested buyers and remember the mantra...

flow4 Tue 26-Mar-13 21:13:47

£5K is a lot of money. And in fact it's £6.5K because of the stamp duty. It's soft furnishings, a bed for DS2 (who has a built-in one we can't take with us), a holiday and a second-hand van...

But it's early days for the vendor, she hasn't yet found something she wants to buy, she's in no hurry... My instincts tell me that if I hold out for £125k, she'll say 'no' at this point. I might still get the house in the end, but I doubt I'll be in for summer, and I would like to be... The question is, do I want that enough to make another offer half way...

middleagedspread Tue 26-Mar-13 21:29:50

Ah, well that's a different story.
What's to say you'll be in for the summer if she hasn't found anywhere? Could you quiz the EA for her situation? It could be that she hasn't found anywhere because she's felt that if she hasn't sold hers she can't really look. Or, she's ideally looking & put her house on to test the water.
I think I'd pump for information before making a decision.
You're doing really well.

flow4 Wed 27-Mar-13 04:13:04

Awake at 4am fretting... hmm Can I make a conditional offers? I.e. £127.5k if she's out by x date (spring bank?)...

Don't go higher than £125k. That's the stamp duty threshold and you'd be crazy to pay a couple of grand in tax just to increase your offer slightly.

The agents are chasing you up so they clearly don't have loads of other people interested. Stick to your guns, 125k or walk away.

flow4 Wed 27-Mar-13 07:00:09

Obviously I would prefer to buy below the threshold. But I don't think she'll sell at that price, or not for many months. It's so hard to decide...

Jaynebxl Wed 27-Mar-13 07:15:07

The threshold is very tricky but I don't think you can base your offer on it, sadly. You could make the conditional offer but what if she practically can't be out by the deadline, say because of surveys and searches etc? Also what would you do if it was all going ahead and then became clear she was going to miss the deadline? You wouldn't want to pull out then if you've paid for searches etc. Personally if you like it I would just go for it if you can afford it.

middleagedspread Wed 27-Mar-13 07:25:23

I think you really need to establish how serious she is about moving. Is she looking at properties & has she seen one she likes? The EA should be able to give you an idea, but of course he'll tell you what you want to hear.
If you think the house is only worth 125 other people will too. If you really think its the one of you an offer of 127.5 with an exchange within a month (completion could be longer to allow for hold ups down the chain) would be reasonable.
But please say this offer only stands for a finite period, otherwise she could make you hang on for weeks, waiting for a better offer.
If she says no, be prepared to walk away & keep looking at other properties.

PastaBeeandCheese Wed 27-Mar-13 08:55:15

Yes, you can make a conditional offer. I made a very low offer on the house I'm in on basis that they would have the money in 28 days as our sale was proceeding. Same approach but the other way round.

It was an estate purchase and it worked. Got £40k off asking price.

Good luck - this is better than a live birth thread!

Can I be the first to <waves pom poms>

flow4 Wed 27-Mar-13 23:12:56

Hahaha, thank you Pasta, I have been feeling the strain this evening, so it has been lovely to come here and have you make me smile with your images of live birthing and pom poms! grin

Jayne, you're right about the deadline... I wouldn't to pull out if I'd got that far down the line. mas, I think she's serious about moving but hasn't found anywhere she likes yet. So I'm all set to go, chain-free, and can move quickly, which would be a big advantage dealing with many vendors - but not to this one unless/until she finds a house she wants to buy.

I am thinking I should probably hold my nerve and not increase my offer at the moment. I still haven't had a chance to view houses in the £135-145+k price range (because we've been snowed in) and I really should, in case there are any that are worth a cheeky offer. I've seen a few possibilities online, and I think I'd be silly not to check them out. I could do that this weekend, and then decide whether to increase my offer or not after the bank holiday...

PastaBeeandCheese Wed 27-Mar-13 23:35:04

Don't stress about it flow your plan sounds sensible to me. You must have a look at what else is available even if that only affirms your original choice. It'll give you food for thought and a better way to assess value of house #1 by providing comparison points.

flow4 Sat 30-Mar-13 17:44:30

I've arranged some other house viewings (and done a couple of them), but my stress levels are pretty high... If this is the property equivalent of a live birth thread, then I'm in an extended stage one, and I want some gas and air! grin

MrsJamin Sat 30-Mar-13 18:21:00

Just remember to breathe!

flow4 Sat 30-Mar-13 20:37:52

Ahhh, THAT'S what's wrong! confused grin

middleagedspread Thu 04-Apr-13 08:02:54

Any news?

MrsJamin Sat 06-Apr-13 06:59:35

Let's have an update!

flow4 Sun 07-Apr-13 11:46:34

Sorry! MN didn't notify me that you'd commented! blush

No news... Other than that I'm hanging on in there trying not to have a nervous breakdown! The vendor and my solicitor are on holiday... I can't make anything happen... confused

I decided I would in principle make a higher offer if that would get things moving... Then I decided that actually, since she hasn't got anywhere to move to, and there are no other offers on the table, then I'd be foolish to offer more... I go round in circles...

Meanwhile, I've looked at about 100 houses on the internet, and viewed 10, but not yet found another I'd like to offer on... >deep sigh<

flow4 Thu 11-Apr-13 09:27:54

Just another quick update to say, um, no news. sad
I have decided to sit tight and not increase my offer for now. The vendor doesn't seem to be house-hunting very seriously (though I suppose I only actually know what the EA is telling me).
I've arranged 6 other viewings tomorrow/sat - all houses on the market for more than this one, but within a range where an offer of £125-130 might well be accepted. There's a bit of me hoping I see one I want to offer on, so I can go back to the EA and say "Look, I made a 95% offer... Last chance, before I offer on X instead".
Or maybe one of the houses we visit will be even better! Keep your fingers crossed, please. smile

Coconutty Thu 11-Apr-13 09:34:29

Keep looking, there may be a house out there which is perfect for you and where the vendors actually want to move.

flow4 Thu 11-Apr-13 22:00:50

Thank you Coconutty. I'm feeling a bit of deflated at the mo... We got ourselves all geared up to move - which with hindsight was obviously daft - and now nothing's happening...And my boys can't quite get their head round how lonnnng everything takes!

flow4 Thu 11-Apr-13 22:01:37

(A bit of deflated?! confused grin )

MrsJamin Fri 12-Apr-13 14:55:00

Most vendors won't start looking until they have accepted an offer, so I wouldn't go by that.

flow4 Fri 12-Apr-13 17:58:05

I'm only just realised that. I knew I was inexperienced, but the tricky thing is that you don't always know what you don't know, until something reveals the depth of your ignorance! confused

I'm feeling quite fed up today. The BTL lender's valuer came round to do the valuation of my current house today, and was friendly enough but quite negative - seemed to be trying to lower my expectations. 2 EAs valued my house last summer at £115-125k and one at £105-110k, so I have applied for a BTL mortgage based on a £110K valuation... If he recommends much below £100k, I will not be happy... sad

flow4 Mon 15-Apr-13 10:25:34

OK, update... smile

The valuer valued my current house at £95K, which is ridiculously low, and means they will only approve a loan of £66.5K rather than the £77K I applied for... But luckily I applied for more money than I needed, so it won't scupper my plans. Apparently the individual valuer has a bit of a reputation... hmm

I have therefore just now 'phoned and raised my offer by £2.5K. This takes me above the stamp duty threshold, and I know lots of people will think I'm mad... But I've now viewed about 15 houses, and looked at hundreds on line, and I've not seen another one I like enough to offer on. Who was it who said (Jayne ?) that the extra few thousands pounds won't seem relevant ten years down the line...? I decided I agree! smile

Keep your fingers crossed for me please, everyone!

AliceWChild Mon 15-Apr-13 14:14:34

Glad you're listening to your heart grin

Jaynebxl Mon 15-Apr-13 14:52:09

Yay! Hope they accept!

flow4 Mon 15-Apr-13 15:11:17

Well, she hasn't. sad She's rejected my offer and said she won't accept less than £130k... I'm back to thinking I should prob walk away... confused sad

Fragglewump Mon 15-Apr-13 15:22:16

If you love the house and can't imagine bring anywhere else then offer the asking price. If you're not worried about missing out on it then walk away and look for somewhere different. Good luck - buying a house is always soooo stressful we've done it loads and its always a pain!!

Jaynebxl Mon 15-Apr-13 16:42:59

What was your offer?

flow4 Mon 15-Apr-13 16:57:23

I like it and it meets our needs, but I don't love it. Tbh with my budget, I'm not going to find a 'dream home', am I? I really don't know what to do... I feel like I've been agonising for nothing silly cow that I am ! confused

flow4 Mon 15-Apr-13 17:02:18

Jayne - AP 132, my 1st offer 125, counter offer 130 (after vendor initially said she'd only accept AP), my second offer 127.5...

middleagedspread Mon 15-Apr-13 18:35:44

But has she found somewhere to buy?
You could improve your offer to 130, she could accept but you'll still be unable to proceed if she's not ready to move. I hope she's serious about selling.
I would definitely set a time scale if she accepts your final offer (if you make one) e.g. exchange within 6 weeks.

flow4 Mon 15-Apr-13 22:20:26

No she hasn't mas, which is a large part of my reluctance to offer any more, and what made me hesitate to make a higher offer at all... She told me initially that she would move in with friends or relatives; now she has told the EA that she wants £130K so she can afford to move into rented accommodation. It is a real concern that if I offer the full amount, she may still decide it's too much trouble, and there's not much I'll be able to do about it.

PastaBeeandCheese Mon 15-Apr-13 22:53:49

I think she should count herself lucky to be getting over £125k as a lot of people wouldn't want to go over the stamp threshold.

Personally, I'd be tempted to leave her to it for a few weeks ad just say the offer is on the table. Hopefully something she likes will come on the market in coming weeks and that will alter her view of your offer.

flow4 Mon 15-Apr-13 23:11:03

That's what I did after my first offer: I offered £125k on 22 March, and didn't raise that until today.

What I need is a couple of people to come along and offer her £119K or £120K, so my offer looks great by comparison!

I'm feeling really fed up and sorry for myself this evening. It's enough to put anyone off house-buying.. sad

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