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Original poster

Thinking about our offer

67 replies

Springforward · 19/08/2012 12:45

We made an offer on a house on Friday, then upped it, then upped it again. We are now about 8% under asking price. The vendor wants "a few days" to think about it.

Somebody please reassure me this is a good sign?

We are proceedable and there is no upward chain. Vendor is downsizing into retirement apartment.

I really want this one!!!

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Mutt · 19/08/2012 12:46

This reply has been deleted

Message withdrawn at poster's request.

purplewithred · 19/08/2012 12:46

Could be a good sign. Could also be they are playing you off against another buyer.

Thinking good thoughts for you.

Mutt · 19/08/2012 12:48

This reply has been deleted

Message withdrawn at poster's request.

Original poster
Springforward · 19/08/2012 12:53

Yes, I wondered that too Sad. DH adamant he wouldn't go higher yet though.

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spoonsspoonsspoons · 19/08/2012 13:07

I think if you've upped your offer twice in one day with no indication of any movement from the sellers they're hoping that waiting the weekend will push you into upping it once more.

mellen · 19/08/2012 13:14

I agree, you probably seem really keen to them, and they are probably waiting to see whether you will increase it again.

Original poster
Springforward · 19/08/2012 13:48

Hadn't thought of that, but feels about right.

Problem is that we genuinely can't go a great deal higher. I wanted to offer our maximum on a full and final basis straight off, DH was afraid we'd get the first offer turned down automatically and then we'd have nowhere to go.

Just Sad.

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oreocrumbs · 19/08/2012 21:02

You have found THE house then? Yay, fingers crossed for you!

I agree with SSS and mellen, they are waiting to see if you go any higher. If it was not an offer they were at least considering it would have been met with another no.

If they don't have you rushing to up your offer on monday they will probably come back to you late Mon, maybe Tue/Wed and say we will accept X, and then you can say best and final price will be Y.

Really hope you get it Smile

Original poster
Springforward · 19/08/2012 21:10

Thanks oreo. It's a box on an estate, needs doing up as it's rather tired, but loads of parking, big garden and near lovely schools plus 1.5 miles from railway station and a town centre which is currently being seriously done up. I think it could be really nice when it's finished. Will keep you posted!

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Zhaghzhagh · 20/08/2012 08:53

To be honest you sound a bit too keen. They are probably rubbing their hands in glee that someone is willing to pay 8% under asking price. Houses are on their way down. Are you sure you want to pay that much?

frostyfingers · 20/08/2012 09:48

Sit tight, hold your breath and wait. Buyers are rare things and you are in a good position. Don't contact them today, if they come back and ask for more, tell them you'll get back to them then say you're up to your limit and you can't do it. You could offer the carrot of exchange and completion by a certain date, be flexible with things that don't cost you!

Original poster
Springforward · 20/08/2012 12:43

Yes, but no more! We have offered a fair price now, we feel.

Playing it cool today....

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Original poster
Springforward · 20/08/2012 16:19

Offer declined. Not sure what to do now!

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MrsJREwing · 20/08/2012 16:25

do nothing.

mellen · 20/08/2012 20:11

I agree, just wait. Raising the offer now will encourage them to try and get more money out of you.

oreocrumbs · 20/08/2012 20:22

Yup I agree with above. They will come back to you. This is the nerve holding bit!

fivegomadindorset · 20/08/2012 20:25

keep looking, make sure their EA knows that you are still looking.

Original poster
Springforward · 20/08/2012 20:33

Ok.

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Original poster
Springforward · 20/08/2012 21:20

Um, how long should we wait for, do you think?

Paid asking price for last two houses because I am rubbish at this....

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MrsJREwing · 20/08/2012 21:30

you may not get it, you have to wait it out and start looking again. They may come back to you, its like a card game this buying and selling lark.

VerityClinch · 20/08/2012 21:30

Best tell their estate agent, "well, that's our offer and it stands until we find something else. What else do you have that we could view..?"

That should set them all thinking. 8% under is a good offer in this market especially if they have not already price reduced.

Northernlurkerisonholiday · 20/08/2012 21:35

Don't DO anything! Wait and see. Either they'll sell to a fool who will pay full price or they'll come back to you.

Original poster
Springforward · 21/08/2012 19:21

Bollocks.

We raised our offer this afternoon.

Ten minutes later they accepted a higher offer from another buyer.

We truly are jinxed.

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oreocrumbs · 21/08/2012 19:31

Oh no. Well that buyer may well fall through, and they might come back to you. It is happening a lot at the moment.

And if it doesn't then it wasn't the house for you. You will find it.

It is crap though, and you have my sympathy and you can have some of my Wine.

Original poster
Springforward · 21/08/2012 19:34

Thanks oreo - wine gratefully accepted!

We've seen a couple of other possibles, off to debate with DH.

Please reassure me we can still be in by Christmas?

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