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Original poster

Vendors rejected offer, what next?

147 replies

Rainbowhairdontcare · 27/08/2019 12:59

We offered £205k on this house:

www.rightmove.co.uk/s6p/64212273

We recognise it has its issues (decoration, garden and garage access through communal area) and thought £205k was a very sensible offer.

We could maybe offer £206k but that would be stretching it as MB has said that's the maximum they'd lend us. Everybody loves the house and it's a shame to just say goodbye to it, but at the same time were fully aware it's not worth £210k (lack of garden and not the most desirable of areas).

OP posts:
Original poster
Rainbowhairdontcare · 27/08/2019 18:57

This was actually our 4th offer! From 190, 200, 205, to now 206. That's why I'd expect a better idea. I've had this with all three house selling/purchases involving my own.

OP posts:
Original poster
Rainbowhairdontcare · 27/08/2019 19:00

Camborne is the one area that DH isn't happy about. For school runs is the least practical.

OP posts:
ChicCroissant · 27/08/2019 19:02

The asking price is what they want, bit strange to say you've got no idea what they are looking for!

I would have discounted you well before the fourth offer, that many offers makes you look like hard work to deal with and no-one wants that on a property purchase!

Sorry OP, you can leave the offer on the table but I'd keep looking.

Interested in this thread?

Then you might like threads about this subject:

Property
percheron67 · 27/08/2019 19:04

I would have thought that any vendor who has an artificial lawn would be grateful for any offer.!!

Snazzygoldfish · 27/08/2019 19:06

I think you need to walk away. If I was the vendor I wouldn't be wanting to sell to you after all those offers. Id be expecting you to play games further down the line and reduce the offer before exchange.

Monday55 · 27/08/2019 19:09

I wouldn't buy a house with a toilet/Bath right next to the kitchen. If someone takes a shit, that's the last thing I want to be smelling whilst trying to cook something. The after bath/shower steam + kitchen cooking steam? you're going to need a dehumidifier running 24/7 to keep the air optimal.

flumpybear · 27/08/2019 19:15

I'd tell them you'll leave the offer on the table for now but it's your final offer as you can't go above their amount, then walk away - it may just be they can't go lower (personally I think they're mad not to take your offer - I'm assuming you don't have a house to sell so you're bottom of the chain ?!

Cohle · 27/08/2019 19:16

So when you said in the OP that you had made a very sensible offer of £205k, actually that was your third offer and your first offer was £190k?

I can see why the seller thinks you're taking the piss a bit. If I was the vendor I'd assume you'd mess me around down the line.

KurriKurri · 27/08/2019 19:17

So you initially offered £20K under the asking price, and thought that was reasonable, but you think they are unreasonable for wanting you to pay £4K more than your latest offer and give them their asking price?

£190K was a silly offer on a property at the lower end of the price scale - I'm not surprised they aren't taking you seriously.

MediocreOmens · 27/08/2019 19:22

OP I think you are getting a bit of a hard time here. I don't think you've done anything wrong. There always seems to be one person who brings up the supermarket analogy, which is in no way comparable to the house buying process in England and Wales. Hmm

I have always negotiated on properties I've bought and sold and when I've received silly offers, just laughed it off, it's not personal. I would say walk away from this one, you can't be expected to keep throwing offers into a void with no feedback. I also think that house will be difficult to sell on and it sounds like it's been on the market a fair while which confirms this.

flumpybear · 27/08/2019 19:28

If you look on zoopla there's a 5 bedroom house which was used as two flats - chacewater - it's worth a look to see if it's easy to make back into a house ?!

Ilikethisone · 27/08/2019 19:36

Yeah if you offered me so low, then kept coming back, I would push you to asking price.

It can come across as you being a chancer.

lovemenorca · 27/08/2019 19:38

Reported

invasion of vendor’s privacy

Passthecherrycoke · 27/08/2019 19:44

I think posters are being unfair about the look of the place. Lots of “normal”
Houses in Cornish towns are in the ugly side.

MediocreOmens · 27/08/2019 19:44

@lovemenorca what are you on about?! The vendors have chosen to put pictures of their house on a public platform (Rightmove) no one is talking about the vendors lives or revealing personal details about them. There are loads of threads of OPs asking advice about houses on Rightmove.

colourlessgreenidea · 27/08/2019 19:46

Reported

invasion of vendor’s privacy

For real?! Grin

BitOftheSea · 27/08/2019 19:48

Invasion of the vendor’s privacy?! Are you new to the internet?

Smelborp · 27/08/2019 19:48

You've described the vendors as greedy and said they won’t reveal what they want. It is on for £210K so maybe that’s what they want. They’re not being unreasonable - maybe that’s the minimum they can accept for their onward plans.

You seem way over invested and seem to be getting quite personal. They’re not obliged to sell to you or to do what you want.

You’ve offered what you can afford. They’ve declined. Move on. There’s nothing more to it than that.

Bluntness100 · 27/08/2019 20:00

Op, I think the way this has been handled, trying to low ball them at the start, then telling them you are paying more than you want to at 206 would give most sellers a worry you were going to try and drop your price first chance you get and close to exchange.

Why would they negotiate further when you tell them you don't even want to pay the 206. Nearly everyone other the desperate would not wish to deal with you further after that, as it looks risky.

I think you need to chalk this one down to experience and maybe learn from it.

SheChoseDown · 27/08/2019 20:05

Don't make the vendor out to be greedy then drop this bomb about your 4th offer hahahaha.

Would it be easier if your parents would butt out? Not financially but just didn't give their opinion on YOUR house? If it'll broaden your search then do it

Northernsoullover · 27/08/2019 20:16

I am agog you called them greedy! They may not be on mumsnet, but their niece, cousin, whoever might be. You do sound a bit Veruca Salt...

Smelborp · 27/08/2019 20:22

@Northernsoullover

I am agog you called them greedy! They may not be on mumsnet, but their niece, cousin, whoever might be.

Exactly. Their neighbour, children’s friend’s parent - someone will recognise this house and I’d be surprised if this doesn’t get back to them.

Nextphonewontbesamsung · 27/08/2019 20:49

But ... if you don't like the house either, why are you even offering on it? Honestly! rent for a while longer. This just isn't the house for you.

AJPTaylor · 27/08/2019 20:49

Tbf if you put my house on mumsnet and called me greedy I wouldn't sell to you at any price.

Original poster
Rainbowhairdontcare · 27/08/2019 20:50

@SheChoseDown considering it's 1/3 of the deposit I don't think so! They always have an opinion about everything anyways and given they've made money on property, well not much I can do/say.

@Smelborp they haven't even started looking (one of the big negative things about this house as we want to move asap). I'm not a chancer, I just like to haggle always have. They obviously haven't liked it.

DH and I just have a talk to just buy a decent 3 bed and sell in three years. Unfortunately, renting a 4 bed is crippling and with my upcoming ML and then nursery fees, a mortgage will only become lower rather than higher. To live on top of each and own our house seems better than the same and renting.

@flumpybear that one had tenants which AFAIK means only mortgageable as BTL.

OP posts: