I have seen other related threads which have been helpful but just need to share my current situation.
DH and I have been looking for a 3 bed house since just before Christmas (first time buyers).. we?ve seen a fair number of places which haven?t really done it for us, and found a place a few days ago which ticks almost all the boxes, doesnt need any work (we think it?s lovely), and can move straight in.
Problem is I think we might have jumped too quickly to the asking price. The vendor said that he wouldn't accept anything less than the asking price, but we tried our luck and offered a few thousand less than that (which was only around 2% less). After one or two exchanges via the estate Agent, we met the vendor at the asking price.
Now I feel like perhaps we could have got it for less because
a) there were no other offers on the table, we only knew about one other buyer who was considering viewing the property again
b) I?ve checked zoopla (which I?ve seen from other threads isn?t always reliable anyway) and it looks like properties on the same street have sold for 10s of thousands less last year. Saying that this property has more to offer in square footage due to it?s positioning on the street
c) the zoopla estimate was £15k less than our accepted offer. (although I didn?t provide all the square feet information)
d) it was on at another agent at £10k less than the price we have agreed to? which to me means that another agent considers the property to be worth less than what we have agreed to.
We are in a good position in terms of being able to afford the mortgage thankfully as we have restricted ourselves to a budget, but I hate thinking that we may have been too hasty? I know we could try to reduce the offer at the risk of losing the property, and I hate being an unreliable type? or we could withdraw altogether.. feeling very stressed right now. I know I have to weigh it all up.. we?re going to see the place one more time with family who are familiar with the area, it is a home rather than an investment and we should love where we live without worrying about a few extra thousand.. just wish we?d been a bit more scrupulous for peace of mind
Please or to access all these features
Please
or
to access all these features
Join our Property forum for renovation, DIY, and house selling advice.
Property/DIY
Offered too much on a house?
47 replies
Nanabana · 08/01/2013 11:45
OP posts:
Don’t want to miss threads like this?
Weekly
Sign up to our weekly round up and get all the best threads sent straight to your inbox!
Log in to update your newsletter preferences.
You've subscribed!
Please create an account
To comment on this thread you need to create a Mumsnet account.