Hi All,
We have made an offer of 685 on a property which is on the market for 775. It needs about 80k worth of work, and we can only purchase happily at under 710/715 at the very most. We hoped our offer might potentially be successful for a few reasons-
- the property is overpriced. Clearly above market value. There are similar properties on the market nearby for late 600s early 700s, which we would go for except the lack of buggy access
- we are cash buyers (we can borrow from parents then mortgage later to pay them back),
- we are chain free
- We know the seller is extremely keen to sell - she has already packed up and just wants out for personal reasons
- its been on the market since november with one offer which fell through very quickly. The agent told us this offer was at 770...but she seemed quite shifty when she said that so I'm suspicious it actually wasn't that high...
Especially as the agent encouraged an offer however low as the vendor was "desperate". Then, when we offered yesterday morning the agent took all day to come back and then just said "no". It was a bit odd as she must have told the vendor in the morning but she waited all day to come back to us. she was a bit stuttery on the phone and just said it was way too low and asked if we wanted to make another offer, even though she knows if we offer again it will still be much lower than 770. To be honest it really felt like a game so my husband said we can't really go any higher and we will leave it.
I don't want to miss out on the property, its not the be all and end all and we can wait but its lovely and feels right. I also know instinctively that the agent hasnt been very honest and is playing on the fact she thinks we are chomping at the bit to buy it.
Sorry to ramble! The question is- what would your tactics be in this situation. Do we lay our cards on the table come Monday and hope no other offers are on the horizon, do we stay silent and wait for her to come to us? What's the most likely way to get a good outcome? We are prepared to walk away...we just dont want to if we dont have to!
Any advice very very appreciated on how to act now. Thanks