We've offered on a house we're really keen on, sellers did have a buyer but they moved the entry date 15 days hence & buyer put house back on market. He is obviously a little daft, who'd put themselves through all that hassle for a fortnight. It's a private sale & he's literally only got a sign outside his house which isn't on a through road or anything so he'll be relying on word of mouth really or luck.
We made him an offer based on the most recent house sales prices in the street 2 houses identical to his & one a slightly different style but basically same 4 bed det'd modern villa, all since February this year. One of them was actually next door to him & we offered the same as that achieved in February. One house which got an extra 5K has a frontage/drive & rear garden which are almost double the length of his so I figure that's why they got the extra money.
Basically he seems to have plucked a figure from mid-air & believes he can get it, he has comitted to a new house & entry date is end of this month. He has accepted he will need to bridge but thinks buyers should fund this. He made this perfectly clear to us which I poopooed saying our offer would be at market value which it is.
We made our best offer, rather than messing him about negotiating because of his situation, we've sold & our buyers are renting, our mortgage agreed in principle so we're a really good bet but he won't consider us. He's of the opinion that his house is that much better than average, that he deserves more. It's 10 years old with all the original fitments, kitchen etc & nothing that special in the first place.
I'm tempted to let him stew & say bugger it but we really like the house. We made a verbal offer to him as he's no estate agent involved but I do have his solicitors details, does anyone think it's worthwhile putting our offer in writing to them, emphasising how strong our position is & stating it's on the table till say 1st of August & see if they can try to persuade him?
I'm worried it'll alienate him & he'll accept any offer bar ours then but I just want to make sure it's on the table, as they'll be pushing him as will his bank as his bridging is currently open-ended which is really frowned upon by his bank he says.
He already told us he'd had another bid & he'd weigh up the 2 offers & respective entry dates but this other bid has strangely failed to materialise.
Any ideas suggestions gratefully received. Apologies for length & if you're still with me thanks for taking time out of your day