Offer made on our house- WWYD next under these circumstances?

[NewDirectionNeeded]

Hi,

House has recently been reduced to OIEO 260K. We had a really positive viewing last week, then all went very quiet- no feedback, other than the initial feedback which was all very good. Then today we get an offer of 258k. Not a terribly cheeky offer, but given the viewer said she thought it was very fairly priced, I was expecting at least 260k.

We rejected and counter offered 265k, which is a bit of a jump, yes, but our absolute minimum is 262k, so was allowing ourselves a bit of wiggle room. We expected it to be rejected tbh, but with some further negotiation. They just said no, they would walk away at 265k and that was that. I know they've been looking at houses of OIEO 280K, so I don't think it's over their budget necessarily.

They're not yet proceedable, but sounds as though they will be soon. So this would only be a subject to sale rather than contract, but still, is that it?! Is this just what people do? It almost sounded as though they were so put out by our counter offer that they're going to walk away altogether, but maybe this is how it's done... I don't know.

Our EA suggested we played the waiting game. If we just lay our cards on the table today and said, this is our absolute bottom figure we could accept, they may try further negotiation, which we can't do.

WWYD?

Thanks

Yes but again even if it isn't your maximum to have such a massive amount added is off putting, I do think they will come back with another offer. I just think that adding 5k to the asking price which is 7k over what they offered was far too much.

But OP seems keen to sell so will hopefully work something out, maybe OP you could tell them could you offer me near 263? So they have a rough idea what you want, rather then having to think of a counter offer?

Yes but again even if it isn't your maximum to have such a massive amount added is off putting

Agree again. When we walked away we were not at our max. But it made us pause for thought and we did think the sellers would be a nightmare to deal with, after every penny and not looking for any form of win win.

I've also sold to someone like this and eventually I got to thr stage where enough was enough, and told the agent to put the house back on the market. Funnily enough at that point she stopped and meekly went through with the sale without another peep out of her.

Just spoke to the EA and apparently they are still interested and would be up for negotiating, so we've agreed that we'll leave it at that for now and talk negotiations once they've officially sold. The main thing is, we both know there's wiggle room on either side.

Defrack, that could be a good idea, yes.

That sounds good op. Will keep fingers crossed for you.

Once your report comes in, they will want more £ knocked off. Everyone always does. So if you started stomping your foot at negotiating another £1-3k off and flat out refused simply because you need £262k they might still walk at that point.

*Bluntness", thank you.

Once your report comes in, they will want more £ knocked off. Everyone always does

Taco, you say that as though it's a fact.

Thanks ice bear - the systems are v confusing! Got friends in chains up here too now which is pretty rubbish

The last two houses I sold neither buyer asked for any more off. I was surprised!

In five sales and purchases I've never asked for money off based on the survey, for me the agreed price is the agreed price. All houses have had some faults, but that's to be expected. Clearly if there was something majorly wrong it would have been different, but there hasn't, just the usual niggles. The survey for me is more a tool to let me know what I'm buying, it's not something for me to fleece the sellers.

I've only had one buyer do it to me. She was the cheeky mare I continuously met half way before saying enough, game over, and she stopped immediately.

It's really about the person and their integrity as far as I'm concerned. When it comes to money, some people have none.

We put ours up, accepted 4k under, offered on the next one 4k under (much larger in proportion), had it rejected, stuck 2.5k to give them a win, accepted. Luckily there's no chain either way.

Well we haven't been here very long and when we had our survey, there were no problems at all. Obviously I know things can change.