over offer on a house

[housemovehell]

So dh and I see a house we like , it needs a lot doing. We both want to offer on it.

Dh says offer 15k below the "in excess of" price which we know has just been reduced by 15k. I say I think that's a bit insulting I think 10tk would be more reasonable.

He says ok. I find a bit more info which means about 2k more work than we had planned. So ask if we should still offer same. He says yes.

Tonight I get home he says we should have offered 15k below as they never take first offer and he wouldn't pay any more than our current offer.

Now we haven't had an answer yet but if they do say no somehow this is gonna be my fault because I didn't listen?

So out of desperation I convinced dh to raise offer 2grand. Now we are back on the loooooonnnnnngggggg wait for an answer again. That really is our top offer. Still don't think its worth more than out first offer but didn't want to moss out on what could be our forever home for the sake of 2k.

Good luck!

i think you are right to up your offer - how long has the house been on the market?

also depends on how much your monthly rent is - if it is say 1K a month then going up by 2K is not that bad.

good luck

Thank you rhubarb.

Newgirl. We own a very small flat at the mo. We have accepted an offer on it so we are ready to go. Our monthly payments will be going up significantly but we have been waiting a loooonnngg time to move and our flat only has 1 bedroom with the 3 of us in and all the stuff that comes with a toddler/preschooler.

did you say earlier how long house been on? If it just a month or two then they may wait a while to give it the best shot. You are in a good position so hang on in there. We are selling ours to second offer we accepted in end as first offer didn't get their mortgage so things can change.

To my knowledge its been on since July but they only reduced price at beginning of December. Having said that the original was an asking price and the second was an in excess of price if that makes a difference.

I know this doesn't help but honestly, it really will work out.
When we were looking I found our perfect house. Put an offer in (5k under asking), it was refused and we couldn't afford to go any higher.
Then we found our second perfect house, and I was so glad that the first house hadn't happened because this one was even better. So we put an offer in (10k below asking). It was refused. We weren't willing to go any higher because it needed so much doing to it.
Finally found our 3rd perfect home. Got it for 23k under the asking. We moved in last year. I love it! I realised that I didn't want the other 2 properties as much as I wanted to move. At times I didn't care where we moved, just as long as we did
I also think the sellers circumstances make a huge difference. The first property the owner needed as much as possible because she was going through a divorce so was willing to wait. The second house, I think the owners were greedy/delusional (the property was empty ffs) and with the house we are in now, the owners had found a new place, and just wanted to start the next chapter of their lives and could afford to take the drop in price.
Now we are in our forever home (well, more like next 20year home) and the 2nd property we offered on is now for sale at 20k below what we offered!
Good luck!

Oh it does help. I have always beli
eved that when it comes to house buying things happen for a reason but its hard to keep in mind when you are living it.

Not caring where we move to, just wanting to move is a very familiar feeling right now.

Thank you.

If you're not uncomfortable making an offer, it is too high!

Aaaarrrggghhh how long does a simple yes or no take?

All the best housemovehell. We moved in November after a long time in a tiny house and I could hardly believe it when we actually moved. Very happy with new place, it was so worth all the hassle and stress. You will get there too

Thanks. Still waiting!
But for the first time I am starting to think it may be better if they said no. Found out a bit of why they holding out for more money and its made me a bit upset. I guess there are reasons why my family stay poor and others get rich.

It's a buyer's market, there will be others if this doesn't work out. Just don't lose your buyers if these sellers are mucking you about. All the best.

Well we thought they were leading us on a bit so we booked to see another house. Et voila, they accepted. BUT they don't want to take it off the market till our surveyor goes round. So yeah and errr at the same time.

Though figure if they are still entertaining potential buyers we should still entertain other potential properties.

Sounds like a good plan. It's dog eat dog with very little sentiment involved, which is hard when you fall for your potential new home.

Fingers crossed both surveys sail through. This could be it

We bought last month, house value at 270 we got it for 239

Wow attilla you must have been brave putting an offer life that in. If this falls through and we have to offer on somewhere else can I hire you to negotiate for us?

We didn't take place off the market till the survey was done here, as we wanted to see some financial commitment from our buyers cause we accepted a slightly lower offer than we set out to and they were in an unusual position. Anyone who enquired was told it was under offer though.

The reason they have told us they won't take it off the market is that if the survey shows something up they won't be reducing price and they would still entertain higher offers.

I have no intention of playing anyone. They kept us waiting for a week over 2 offers 2 grand apart because they hadn't bothered looking to see what else they could get for their money.

I think they are playing us so, although we want the house, we need a plan b.

I'd be asking myself if the house was worth it, gawd knows what a survey will show and they sound like they may be a nightmare to deal with throughout. Selling this place is like a full time job for me at the mo, our buyers are quite naive/inexperienced so I am chasing every little thing, every day...even down to reminding him of things he needs to do for his sale!

I think that means they know damn well the survey will show something expensive. How long has it been on the market? I would bet they've had a purchaser drop out before because of this.

I would now be worried that you could invest money in the property on things like surveys and solicitors only to have them pull out of the sale due to a higher offer.

If the survey was clear and they didn't take it off the market I would pull out/withhold any further action until they did. They don't sound particularly helpful. Depending in what the survey shows it would be acceptable for them to offer to rectify any issues in leiu of a reduction. We were confident there wouldn't be any major issues here, and if anything minor had cropped up we would have had it sorted ourselves.

I am worried about all of that, and under other circumstances, would have pulled out a few days ago. Their saving grace though is that our surveyor is my brother-in-law who has agreed to do the survey quickly, thoroughly and, most importantly, for free!

I very much doubt they will get a higher offer and we won't be instructing the solicitor until it is taken off the market.

Well clearly not meant to he. Agent called our buyer to say ready to go and he pulled out. Hmmm fab .... Name change I feel as we clearly not going anywhere.