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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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Original poster

To just want an answer!!!

15 replies

Haggischucker · 10/07/2014 08:35

Put in an offer on a flat last Thursday, asking price, and have since increased said offer as they wanted more. Why won't they tell us either way if they accept, oh that's why, they are greedy and hoping for a bidding war!!!!

I HATE this system of buying houses, at any time I can get gazzumped and don't think my blood pressure can cope, aaaarrrgghh!

Sorry for the rant, we haven't even told anyone in RL as been let down before so can't offload to friends! :(

OP posts:

LongTimeLurking · 10/07/2014 08:53

YANBU. Obviously they are greedy and probably trying to get into a bidding war to have the price pushed up.

I would keep looking for alternatives.

dontcallmemam · 10/07/2014 08:59

I would give them a date that your offer expires. Say if you haven't heard by Friday at 4pm you're withdrawing. Ask the agent to show you more properties, so they know you mean business.

Hereward1332 · 10/07/2014 08:59

Have you told the agent that the offer is only on the table until the end of today? Without a time limit, the vendor is free to carry on taking viewings, knowing that your offer will act as a minimum -anyone else will have to beat it.

You are completely free to say that it's only on the table until midday today and you want an answer this morning. You can always offer again if you like, but it puts the ball back in your court.

Hereward1332 · 10/07/2014 09:00

Sorry x-post. Just checking though - are you in England or Scotland?

Andrewofgg · 10/07/2014 10:51

If you were selling would you do what it took to get the highest price you could?

Mumoftwoyoungkids · 10/07/2014 11:42

I don't actually think they are doing anything particularly wrong - annoying for you - yes - but not wrong and not greedy. They are just trying to get as much money for their house as possible. Right now they have no obligation to you and you have none to them. So they can keep doing viewings and you can keep looking at other houses. If you find somewhere else while they are dickering then that is their bad luck!

dontcallmemam · 10/07/2014 15:15

Actually I think a week is long enough for them to c

dontcallmemam · 10/07/2014 15:17

Consider your offer. Of course they want the best price but if they want to hold out they should accept the consequences.
I'd definitely offer a time frame & keep looking.

RumAppleGinger · 10/07/2014 15:20

Tomorrow is Friday. Ring the agent and say they have until close of business tomorrow to come back to you otherwise you are withdrawing your offer.

Original poster

Haggischucker · 10/07/2014 15:23

Thanks guys, we are in England and its a large development of around 40 properties and we are bidding on one of them. We have already offered 10% over asking price and it wasn't an offers over to try and secure. Yes they want the best price I know but I think they're taking the mick now. Think I will set a time limit but really don't want to lose as it's perfect! :(

OP posts:

londonrach · 10/07/2014 15:27

I think you should walk from his one as the greedy seller might put the price up again just before exchange. Happened to a patient of mine and nothing they could do. Be very careful. Take it a new build? Keep looking around. I hope you find somewhere.

RogueV · 10/07/2014 15:31

I know how you feel. We are supposed to be completing on a house tomorrow and we haven't even exchanged yet. Gulp. I've never felt so nervous than I have in the last few weeks all my life. The system has got to be better surely.

MimiSunshine · 10/07/2014 15:31

So you offered asking price and they said they wanted more, was it advertised as 'offers over'? If it wasn't then they should have advertised it higher if that's what they wanted.

I wouldn't keep hanging on. Unless its your dream home and you will / can go into a biding war then take back control, you are offering to buy their house, not asking them for a favour.

Find a similar property online in the area for about the same price (importantly with a different agent).Call the estate agent and say you are disappointed not to have heard back already, let them know you have arranged a viewing for a similar property on X Road for tonight and if you don't have a response to your offer by !7:30 today you will be withdrawing it.

A week is long already long enough and as Hereward1332 says you can always offer again at later date if they don't play and it doesn't sell.

Original poster

Haggischucker · 10/07/2014 16:08

Will def set a time limit of tomorrow by 12pm. It wasn't an offers over and it is a much higher price than comparable properties in area as it's a new build.

The system is what's flawed here as it allows people to manipulate others. It should be more like Scotland - sealed bids, highest wins and contract binding. Thankfully we're not in a chain as sold property last year to put in stronger buying position for dream property.

Will update any developments :)

OP posts:

cricketpitch · 10/07/2014 17:15

It is a flawed system but in a fast moving market when everybody needs to sell for the most and buy for the least it works up to a point. The sealed bid system isn't perfect either.

Good luck OP though - it is horrible for you. We lost a flat when it went to a bidding war - two weeks before I gave birth. It worked out in the end though - found somewhere better later.

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