Has anyone had over 24 hours before they knew whether offer was accepted and it wasn't?

[CrapBag]

We made an offer yesterday, straight after viewing it. I went in lower and it was rejected within 10 minutes (which I was kind of expecting). The EA said we should give our best and final which we did, and it really is our best, we can't go higher and the vendor has been informed of this. She has said she will think about it. The EA said she wanted as close to the asking price as possible. The price has just been reduced by 5k and our offer is 5k under that.

This was midday yesterday and I am in knots waiting for the bloody phoned to ring. We love the house, its where we want and its a great size. But we really cannot go to the asking price or any higher than we have.

I have another couple of viewings later but I like this house. Out of the 2 later, I have a feeling that one wouldn't accept of best offer given how high they originally had theirs up for sale, although they have had to reduce it twice (they were being stupidly optimistic really, nice house but shit area) and I am not sure about the other, parking is a bit of a problem and its between 2 council houses and that street can have some problems.

Circumstances mean we have no choice about our area now the mortgage rules are so ridiculously tight.

Part of me thinks the fact that she is taking her time means you must be seriously thinking about it and if she was going to say no she would have done it by now, but why this long!! Its so frustrating and the more time passes, the more I think it can't be good news.

Yes, with our last house purchase we offered a certain amount and didn't hear back for 2 days. The vendors were on holiday and the EA struggled to get hold of them. They rejected our offer but accepted a higher one.

With the house we sold we took 24 hours to decide (the offer was well below what we wanted) but we did advise the potential purchaser that we would take that long. Dh worked away so it was tricky to talk it through with each other, and we really were in two minds whether or not to accept we did!).

Good luck. Generally it's a good sign that you haven't got a 'no' straight away, I reckon.

Yes two days (refused!). And I made the people offering on ours wait three days (accepted one of the offers) but to be fair we had taken ours off the market just before the offers came in so they knew we had to take time to rethink things and see if we wanted to sell after all.

Yes, we delayed responding to our buyer for a few days as we were waiting for a response to the offer we had made on the house we wanted to buy. Had our buyer made a near asking price offer, we wouldn't have delayed our response but it was a low offer and we had to reduce the offer we made on the house we wanted to buy. After nearly a week, our seller declined and so we declined our buyers offer. After a few days of bartering up and down the chain, we all finally agreed prices and all went ahead - been there a year now.

We took a few days to accept offer because we hadn't found anywhere ourselves and we wanted a chance to really talk over our situation and see if anything else had come on the market, whether we were willing to move into rented, whether to postpone the sale etc. But we told our future buyers what we doing and advised that they would possibly not receive an answer for a few days. It is nerve racking but I think a definite no would come more quickly.

It took a week on our sale and purchase to agree purchases prices.

We didn't rush to decide on our sale as we were weighing up the options, really needed a little more if we were to sell but seemed to have a very serious buyer. We did ask for a little more, which had to be thought about, lady then wanted a couple of items included which my husband didn't want to - so I had to work on him for 24 hours. It was all agreed a week later.

On our purchase we had immediate feedback that they weren't amused by our offer but wanted 48 hours to think about it. It took longer (think there was a delay in the agent relaying message though, as I phoned and was told "Oh yes, there is a message on the system to be passed on to you". We went in with another offer just adding £4,000 (as an extra £5,000 was our maximum to go to). Again had to wait and then they came back and said they would take the place off the market is we paid £1,000 more, so I knew we had it.

Hang in there. I know it's a tense time. If you haven't heard tomorrow morning, give the agents a call.

Got a call earlier this afternoon. It was rejected.

Gutted!! The EA said she isn't looking for the asking price, but close to it (its up for 140k, just been reduced from 145k and we offered 135k as our best). The EAs said could we go higher as they think she will take under but not too much. I said we couldn't as anything unexpected would leave us short.

I have been through my figures and with more saving throughout the conveyancing process, we could go to 137k but that would be absolute best.

I love the house and was trying to leave a couple of k at least in savings for an emergency but like DH said, a house is something we will be in for a long time and if I love it that much (he hasn't even seen it yet!) then we should stretch it and just save more after we move.

I am setting aside £5500 for all the fees which should cover it and we have just lost £800 on the purchase we pulled out of.

That sounds a lot on fees for a house of £137k.

I'd estimate less.

Stamp duty - £1,370-1400 depending.
Survey - £850 max.
Conveyancing - £1500 max.

What have I forgotten? Removals will be anything from £200 for you and a van to £1000 for a posh lot. (Mine was £500.)

What else is there? I can't get that up to nearly £5500. Just offer £140k, get the house you love, do the removals cheap and live on baked beans for a while. :-)

Have you worked out what your mortgage payments would be? Are you having a mortgage? Chances are mortgage payments will be less than rent so you can save immediately.

I would just sit tight for a bit longer.

It's not much of a reduction (ignore that it was on for 145) as that was obviously too much as it hadn't sold.

Tell the agent you will keep the offer on the table for 3 days and will then withdraw it - gives them the weekend to have a think

And make some new appointments with the SAME agent to show that you are serious about all this.

There is a good chance the vendor will come back to you

Its OK. EA phoned after 5 and said the vendor had talked to her daughter and changed her mind and accepted our offer. Apparently the EAs in the office were all astounded she turned it down in the first place.

Fees are just under £1600 conveyancing (we've sold a leasehold shared ownership so those fees are higher), £900 our EA fees, £250 for the housing association admin, £198 for the housing association to answer some sodding questions from the solicitors, £1350 stamp duty, £150 moving fees, £300 for survey (what we paid on the house we pulled out of anyway) and £1000 possible mortgage fee. I will be looking for a low fee one but our previous fee free mortgage was with Nationwide and they won't lend us what we need so we have to go elsewhere and whilst London and Country have told us what we can borrow, they haven't said who it's with so I have no idea if we are going to be charged stupid fees for it.

Oh yay!! You get the house you love!!! I am so sooooo happy for you!!

Have a massive and fingers crossed it all goes through smoothly. Well done!

Yay, great news!

Congratulations!!!

Thank you.

Had a major wobble just now as I found out its non standard construction, which was essentially why we pulled out of our last house but I have looked it up on the net and spoke to the same structural engineer as last time and I think its ok and worth it. Got some building insurance quotes which were easy to get and last time only 2 would insure it so it puts my mind at rest more.

DH hasn't even seen it yet.