Active discussions

Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Talk
Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Original poster

Our forth offer has been rejected again

27 replies

Pinklemon · 26/10/2013 17:36

Found the house that we like, asking price £479,995. Rejected all four offers, highest being £470,000. So gutted! Since this is an end of terraced house, don't think it's worth more.

OP posts:
justabigdisco · 26/10/2013 17:39

Blimey. Looks like they're holding out for full asking price. How long has it been on the market?

Original poster
Pinklemon · 26/10/2013 17:42

It was on in April, but they took it off in July. They are going to put it back in the market next month for £489,995. Last week, their agent called us to ask whether we are willing to make a higher offer, we did but they again rejected it!

OP posts:
lighthousesea · 26/10/2013 17:46

It sounds like you are just going to have to walk away. :(

justabigdisco · 26/10/2013 17:47

How very strange - who puts the price up after a few months?? Perhaps you need to go back and say 470k is your final offer, and remind them that you are looking at other houses. Then say nothing for a few weeks. They might come crawling back!

Iwantanelephant · 26/10/2013 17:49

Well that's sensible Hmm. House doesn't sell so we'll ask more Hmm.

Obviously went to the same school as the people who decided that the best way to get more people to play the lottery is to double the price not halve it Hmm.

Itsjustafleshwound · 26/10/2013 17:51

Greedy beggars.

Original poster
Pinklemon · 26/10/2013 17:52

Bingo, justabigdisco! Exactly what we said and did! We are hoping they are going to call us back next month before they put their house on the market again.

OP posts:
Flossiechops · 26/10/2013 18:24

Walk away - honestly they sound like a nightmare already! We had a couple of offers rejected on our current house - they then came back and said they would accept and we told them no we had changed our minds. Couple of weeks later estate rang to say house had been reduced by 10k less than we initially offered - we then went in with another 5 k less just to be cheeky and the offer was excepted. This was in 2008 though when buyers were as rare as hens teeth!

MrsCampbellBlack · 26/10/2013 18:27

I suspect all the press about house prices going up is responsible.

But if you don't think the house is worth it, then just keep looking. Its frustrating though I know.

MILdesperandum · 26/10/2013 18:48

We offered 95% of the asking price on a house that had been on the market for a year. We were rejected - the vendor wanted "asking price or very close to" and whilst considering whether to up our offer or not another house came on the market. We booked a viewing (it was with the same EA) and meanwhile vendor of first house said they would accept our original offer +5K. We said no and offered on house 2 (which was cheaper too) and then vendor came back saying they would accept our original offer... sorry too late!! Vendors beware, I think the vendors of house 1 probably got some bad advice from the EA...

Housesellerihope · 27/10/2013 08:38

I've seen sellers put their prices up here lately on houses that haven't sold. A terraced house that was on of two in the next village on the market put their price up by £15k when the other house sold. The other house was much nicer and less expensive!

Yes the sellers do seem to be trying it on but the £9k difference in offer/asking price is a pretty small percentage of the total house price. If you really want it and don't think they'll be difficult about other things maybe just offer asking?

Pagwatch · 27/10/2013 08:42

The house is worth what someone is prepared to pay for it and what they are prepared to sell for.
So either give up or keep incrementally increasing your offer.

They may have to reach that price or actually not be that fussed about moving. You can't control what they chose to do.

lalalonglegs · 27/10/2013 08:50

It's hard to say whether the house is worth what you offered or more but I suspect that they may get a higher offer in the new year as prices are going a bit mental. The Help to Buy scheme has only just launched but by new year I think its effect will start to take hold.

Original poster
Pinklemon · 27/10/2013 08:50

We'll wait two weeks then decide what to do. We've checked the house history, the sellers had £20,000 off the asking price when they bought it. Even the estate agent was surprised they didn't accept our offer.

OP posts:
lalalonglegs · 27/10/2013 08:50

It's hard to say whether the house is worth what you offered or more but I suspect that they may get a higher offer in the new year as prices are going a bit mental. The Help to Buy scheme has only just launched but by new year I think its effect will start to take hold.

Original poster
Pinklemon · 27/10/2013 08:57

The sellers did say they're looking for offers near the asking price, not the full asking price.

OP posts:
justabigdisco · 27/10/2013 18:02

I really don't understand why a seller but put the price UP on a house that isn't selling. Can anyone explain?

justabigdisco · 27/10/2013 18:02

but = would

Housesellerihope · 27/10/2013 18:13

It's all the hype of a new bubble coming I think- they don't want to miss out.

PigletJohn · 27/10/2013 19:59

from their point of view, the offers they receive keep going up and up.

When the offers stop rising, they will have reached their max achievable price.

justabigdisco · 27/10/2013 21:01

But these are houses that are not selling, not ones with buyers swarming round!

Julia88 · 10/07/2018 21:14

Just made a couple of offers on the property and our final offer was just £3,000 less than the asking price. Silly :) but we did like that house. The next day agent called me and said that our offer been rejected.. and they are looking a bit more. If I would go up on a couple of thousands up I will cik

Julia88 · 10/07/2018 21:16

I will secure the purchase so, we step back.. honestly this market is killing me. Trying to buy from February 2018 and nothing :( Market is very high where we live.

MeMeMeow85 · 10/07/2018 22:52

I think they’ve put the price up hoping (foolishly) that someone will offer at the level of their current asking price.

Stick to your guns OP and continue your search. We made offers on 2 houses 7/8 weeks ago, but neither successful (1 wanted more money which we refused and the other went with another offer). Over the past 2 weeks both vendors have come back the accept our previous offers (first house has languished with no other offers and the second house had their chain collapse)!! Too late though, as we’ve found somewhere much better in the 7/8 weeks since we made those offers :)

user1484830599 · 10/07/2018 22:56

Erm, you realise you are posting on a thread from 2013?