A few weeks ago, we missed out on a house. With hindsight (and 3 more weeks of depressing viewings elsewhere), I really regret not making a higher offer!!
The EA was playing games and used our offer to get the other buyer to offer asking price. Part of our reluctance to go over the asking price then was that it wasn’t our prime area (ticks all other boxes) and it didn’t seems appropriate to pay more than asking price in the current weak market...
Our house search has been going on for a while and I’m really fed up of viewing houses (it is ruining every weekend and I’m bored of speaking with EAs and looking at online listings). I’m thinking that we should go back now with a higher offer.
We’re chain free, cash buyers so could move quickly. We’d have to go in with an extra £25k I think to sway the vendor. I’m thinking that part of our higher offer could be to compensate the other buyer for their survey cost, mortgage fee etc.
Is it really bad to put a higher offer in now? Concerned about karma, but on the other hand, the house buying process isn’t binding until exchange, so I’m wondering if it is worth missing out on a particular house because I feel that gazumping someone isn’t a nice thing to do.
So miserable looking for a house to buy!!! 🙈 Hardly any new stock coming on to the market.
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Would you gazump another buyer?
48 replies
MeMeMeow85 · 11/06/2018 16:05
OP posts:
stilltryingstillfailing ·
11/06/2018 16:11
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