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House buying- please could I have some advice how you would proceed with this?

11 replies

Napqueen1234 · 05/11/2020 09:23

Apologies for the house threads it isn’t my first! We have now found a house we absolutely love. Been on the market since September with purple bricks. We viewed twice love it and made an offer. Offered 5% below asking on the basis that it’s been on a few weeks, the market is volatile and it’s a fair offer (have discussed with our EA).

Our position is we have had a couple of offers including 2 FTBs, have one more viewing today which was booked last week so we want to honour then are going to decide today/tomorrow. The second offer so far is just over asking which is great. In my offer I said we have had an offer from a FTB so going for best and final with a view to accept one Friday.

They have responded declining the offer (fair enough!) but saying they have had ‘loads of interest’ and are going to best and final on Monday. I find this hard to believe as a) it’s been on the market 8 weeks how coincidental it’s had a rush of interest just after we have offered!) and b) they have form for bullshitting I think. You can message via the app so this week I messaged asking if we could come for a second viewing. He said he could move things around and be home the next afternoon so we booked it in. As we left he said he had three more viewings after us. Really?! With 12 hours notice 3 other people have booked consecutive slots for a house that’s been on the market a while 🤨.

We love the house it fits the bill for us perfectly. What would you do next? I think if we go slightly over asking for ours I’d tag that onto our other offer and perhaps up it by £2.5k as a gesture but I’m not going to be fooled into getting into a bidding war with other people who I’m not sure exist? I rang PB last week and they said they’ve got no active offers on the house so IMO they’re telling porky pies!

OP posts:
Bluntness100 · 05/11/2020 09:26

Just offer what you think it’s worth and be prepared to walk away. Anything else is just noise. Don’t get caught up in it like this.

Napqueen1234 · 05/11/2020 09:34

Thanks @Bluntness100 v sensible advice.

OP posts:
AliceAforethought · 05/11/2020 09:43

Yes, you're going to have to stand firm. Make your final offer (if you haven't already) and make it very clear that that's it. Make no further contact.

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Foxyloxy1plus1 · 05/11/2020 10:14

He sounds like a player. Offer what you were prepared to and stand firm. If he has had lots of offers and it goes to someone else, it wasn’t for you. If he comes back and says it’s yours, fine. But don’t be tempted to keep raising your offer.

Napqueen1234 · 05/11/2020 12:37

Thanks all. I agree. It worries me as I feel he’s also the type to allow us happily to be gazumped which is putting me off altogether!

OP posts:
Badgerbadger22 · 05/11/2020 12:42

Well, we went through similar last week and guess what the vendor did?

Took it off the market and relisted at £10k MORE.

We offered the original asking price even though we knew it was over priced.

I think some people are just money grabbing dickwads - if you buy from them you might find they’ll push you around and make you grovel throughout the entire process Sad

User0ne · 05/11/2020 13:57

The perfect house comes at the perfect price. If you still like it then offer what you think it's worth and insist that it's taken off the market immediately or your offer is withdrawn.

Napqueen1234 · 05/11/2020 14:28

@Badgerbadger22 how bizarre! Have you found anywhere else? @User0ne I think that will absolutely be one of the conditions of the sale!!

OP posts:
mindutopia · 05/11/2020 14:34

I think you have to offer what you want to pay and that's that. I don't know where you are trying to buy, but where we are the market is absolutely insane. And everything you are saying sounds perfectly likely to be true. There is a real rush to complete before the stamp duty holiday runs out in March and with conveyancing taking quite a long time at the moment, I think there is a final panic. In our case, we made an offer on a house this week and our offer was 12% over guide price and I think it's still quite unlikely we will get it. When we went for our viewing (could only squeeze in one), they were doing 18 viewings a day over 9 hours, every 30 minutes. They did that for about a week. It's absolutely nuts. I think if you want to buy in this market, you have to push ahead, make the offer you are comfortable with, and see what happens. You can always pull out later if you feel they are dicking you around.

Napqueen1234 · 05/11/2020 14:38

God @mindutopia that sounds nuts!! They’ve had a bit of a boom here but it’s slowing down now. Ours has been on 2 weeks, 8 viewings total and 2 offers. Perhaps they aren’t telling fibs and I’m underestimating but it seems strange!

OP posts:
user1471538283 · 05/11/2020 15:37

He's trying his arm and I would consider walking away. We had a right arse with one of our houses and I should have walked away because it was nothing but an expensive headache.

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