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Is this normal when making an offer on House?

265 replies

offerquery · 23/05/2024 19:02

I've seen house to buy. It's been on the market for around two months or so. It's already been reduced in price online.

When it was reduced, I made an offer slightly under the asking price. After a couple of days they said they want full asking price.
So I immediately offered the full asking price.

Anyway, I haven't heard anything so I've just called the estate agents and they said the family want to think about it. So they will get back to me on Tuesday.

I was really confused about this because I've offered the full asking price so I'm not sure what there is to think about?

She said they feel somebody else might be interested in the property. I asked a couple of questions about this… It turns out the person who is "interested " hasn't sold their house and hasn't said they want to make an offer. They've simply said they like the house. But have not indicated at all that they are looking to make an offer.

I have a feeling I know who this is because when I was viewing the house for the second time, a woman was there and I heard her say that she likes the house and that was it. So I'm not sure if that's the person

I just don't understand. I'm not sure if they're trying to get more than the asking price from me. Or if they're just waiting to see if they get any other offers over the next few days?

OP posts:
offerquery · 23/05/2024 22:44

@Mintygreenleaf

I do feel some very strange attachment to the house. I can't really explain it. When I went to see it the first time which was around 5 weeks ago, I wasn't keen on it. But it stayed in my mind ever since, despite viewing several other houses.

I kept mentioning it to my mum and she said it's very strange that I keep talking about it considering I wasn't overly keen.

So I went to view it a second time and just felt completely different about it. I just had this really happy joyful, feeling like I was meant to be there. I can't really explain it. I just felt like it was my house.

So this whole process just feels like it's thrown a spanner in the works because very naïvely I just thought they'd agree to my offer and that would be that

OP posts:
Mintygreenleaf · 23/05/2024 22:35

Hi OP, you seem in love with this house don’t forget it’s not the only one! View more this weekend as you are doing, anything can happen during the process. Also - not saying you aren’t - I feel that you need to view it as your home not just a purchase. So yes you’ve upped your offer and you’ve been asked to wait but over a lifetime the money and time won’t amount to much. It’s a bank holiday and with possibly several siblings involved it may have been the easiest decision for them. Keep busy viewing this weekend! I hope it goes your way.

Abitofalark · 23/05/2024 22:22

You've said several times that it's been on sale for some time without having any offers. Does that tell you anything? Is the market generally slow in that area? Would it suggest it's overpriced? Have you looked at any comparisons with houses sold or for sale in the area to get a sense of where the asking price is pitched? It doesn't exactly suggest to offer full asking price.

I'd withdraw the offer, look for other houses and if they come back to you I'd then offer below the asking price. That means being prepared to take a risk and playing hard to get. When people delay or mess around like this, throw in a move or two of your own.

mrsbyers · 23/05/2024 22:04

I’d tell them you have no interest in a bidding war scenario or sealed bids and making a full asking price offer in a position to move quickly should be enough for them and give them 48 hours to accept and remove from market

offerquery · 23/05/2024 21:40

@LightsCameraBitchSmile
Couldn't they say it anyway to the viewers? Even if I pulled my offer tomorrow , they could still tell them that there is an offer on the table couldn't they? And then I lose it then either way.
I just don't get how someone would risk losing an offer Especially when they haven't had any others in all this time

OP posts:
LightsCameraBitchSmile · 23/05/2024 21:32

Honestly having been messed around by sellers recently and used to drive up another offer recently too (I offered full asking, then above asking) I’d retract my offer before the weekend so they can’t use it to push up other interested parties.

You can say you’ve offered on something else, then in a weeks time say that didn’t progress as they decided not to sell and re offer.

offerquery · 23/05/2024 21:13

I was actually very naive in thinking this would be quite simple and straightforward. Especially because it's just been sat there for so long with no offers.

OP posts:
Theteapotsbrokenspout · 23/05/2024 21:06

Frozenblox · 23/05/2024 20:47

The property market is crap. There’s no excitement or enjoyment to be found, just stress and a high chance your purchase will fall through. Don’t get attached to any house until you own it.

Totally agree, a really miserable process that sucks out all the pleasure of finding a home.

Londonrach1 · 23/05/2024 21:04

LlynTegid · 23/05/2024 19:41

Most of this nonsense would not happen if we had the Scottish system adopted in England and Wales.

Scottish system is awful in other ways...you have to pay for a survey before offering without knowing you get accepted...alot of money out for no reason. So glad not in Scotland. Had a friend buy in Scotland and now lives in Scotland but can't move as costs so much to pay for survey etc.

Op...sounds like they using you. Yes very normal but awful. Keep looking at other places.

HappyAutumnFields · 23/05/2024 20:58

offerquery · 23/05/2024 20:24

@FredsRoses

And if I did pull the offer, are they able to come back to me at a later date to ask if I'm still interested? So if I pulled it tomorrow, could they come back to me on Tuesday to ask if I'm interested? Or once you've pulled it, that's it?

OP, bluntly, you seem more than a bit naive. I get everyone who buys somewhere to live does it for the first time at some point, but you seem baffled by entirely predictable parts of the process. Of course they want to see if they can get a better offer if they have other viewings booked over the weekend. Of course the estate agent isn’t a neutral party. Of course the vendors can come back to you later on if other offers fall through. Of course they’re not necessarily in a hurry if it’s an estate sale. Of course vendors can, and do withdraw, pretty much until the moment of exchange.

Don’t lose your heart to anything till it’s yours. If you’re in a hurry, tell them your asking price offer is time-limited, but keep looking elsewhere, too.

offerquery · 23/05/2024 20:49

@BlueMum16
I have a mortgage in principle and my house has fully sold. So I am ready to go ASAP.

I didn't realise this happened to be honest, because when I sold my house, an offer was made below asking price, but I accepted it within 15 minutes because I was so afraid that they were going to pull their offer!

OP posts:
Frozenblox · 23/05/2024 20:47

The property market is crap. There’s no excitement or enjoyment to be found, just stress and a high chance your purchase will fall through. Don’t get attached to any house until you own it.

offerquery · 23/05/2024 20:47

@Theteapotsbrokenspout

I feel like that is what they were doing with me. I felt like I was bidding against myself. They then said about getting an extra £5000 above the asking price. So I said no and that I'm only willing to pay full asking price, but I'm not paying an additional £5000

OP posts:
TruthorDie · 23/05/2024 20:47

offerquery · 23/05/2024 20:46

@TruthorDie
Houses seem to go very quickly near me. But this house is a few miles from where I currently live. And that particular House has been on the market for about three months. It's had loads of views. But mine is the only offer so far.

Yeah l think it’s bullshit there is someone else at 2 months in

BlueMum16 · 23/05/2024 20:46

You just need to be patient until Tuesday. They want to ensure they get the most possible. You would want the same in their position.

Assuming they accept the offer on Tuesday ask that it is taken off the market from the date you book your survey. You will have committed money then so want protection from time wasting.

If it's been empty this long it's unlikely someone will come along in a better position to you and make an asking price offer.

I'm assuming you are chain free, have a mortgage in principle etc and ready to go.

TruthorDie · 23/05/2024 20:46

LoobyDop · 23/05/2024 19:59

The one thing you can guarantee when buying and selling property is that the people you’re dealing with will dick you around. It’s infuriating, and if you really want the house, or you really want to sell, there’s very little you can do.

Also don’t forget that the estate agent is working for the vendor. Their sole objective is to get as much money as they can. Don’t expect them to be honest with you or act in your best interest if you’re the buyer- that isn’t what they’re paid for.

All this. There is definitely something about buying and selling property that does something to people. It’s a sight to behold. There are some decent people out there -with our last purchase and sale both parties were very decent

offerquery · 23/05/2024 20:46

@TruthorDie
Houses seem to go very quickly near me. But this house is a few miles from where I currently live. And that particular House has been on the market for about three months. It's had loads of views. But mine is the only offer so far.

OP posts:
Theteapotsbrokenspout · 23/05/2024 20:43

offerquery · 23/05/2024 20:32

@Theteapotsbrokenspout
So they didn't come back to you to accept it?
My worry is me doing that and them just saying 'okay' and leaving it at that and then I lose the house

No, they didn’t, but I’d made it quite clear I wasn’t interested in being treated like that.
I found the house that I actually bought that weekend anyway.

I'd already had one experience with another house with the same estate agent trying to get me to enter into a bidding war. I had upped my offer a couple of times before I realised what they were doing. I told them I wasn’t getting into a bidding war and they still came back to me several more times telling me the other party had upped his offer - I got the impression the poor buyer ended up bidding against themselves. I think that particular estate agent was pretty unscrupulous.

I also believe if it’s meant to be then it will be.

CheeseSalads · 23/05/2024 20:43

It is frustrating but they have other viewings this weekend and are within their rights to see how they go and if anyone offers who is in a better position than you. For all you know, it is the estate agent being slow at getting back to you. Withdrawing your offer for a house you love just seems like a tantrum and just means you potentially miss out. I would wait until Monday and then say you would like a reply within 24 hours and take it from there.

TruthorDie · 23/05/2024 20:43

You are on the back burner, they are waiting to see if something better comes along. I would continue viewing places. I would also draw a line in the sand, seller did something similar to me a few years ago and they never got back to me in the end. They ended up selling below my offer which was full asking price 🤣

What is the market like where you are? Is a buyers market or a sellers market

SwingVote · 23/05/2024 20:41

We always make offers subject to being immediately removed from market. And leave it at that. If it’s not accepted and removed with reasonable time - say 24 - 48 hours; or counter offered - then we move on.

NextPhaseOfLife · 23/05/2024 20:38

OP - the fact that it's an estate sale does put a different spin on it.

To the beneficiaries, it's a transaction. Things may well take longer, and they may well want to show it for longer before accepting your offer.

Alphabet1spaghetti2 · 23/05/2024 20:37

@offerquery. We missed out on a house as the estate agent didn’t even bother letting us know our offer was too low, allowing us to increase our offer. First we knew it was sold was when it was marked sstc on right move less than three days after our initial offer. The sale subsequently did fall through.
We’ve found a much nicer house for the money, so it did work out for us in the end.

NextPhaseOfLife · 23/05/2024 20:35

offerquery · 23/05/2024 20:32

@Theteapotsbrokenspout
So they didn't come back to you to accept it?
My worry is me doing that and them just saying 'okay' and leaving it at that and then I lose the house

They might do just that, OP.

If it's for sale via an Estate, so say maybe 2 or 3 siblings are the beneficiaries, each of them have to ponder, discuss, argue, debate.

It can cause lots of delays and obstacles.

offerquery · 23/05/2024 20:32

@Theteapotsbrokenspout
So they didn't come back to you to accept it?
My worry is me doing that and them just saying 'okay' and leaving it at that and then I lose the house

OP posts:
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