Should i withdraw the offer?

[MummyNessi]

We have made an offer on a house we really like, it was priced out of our budget but had had no interest in over 6 months in a very popular area. ( so definitely over priced)
The estate agent called me and asked if we wanted to view knowing our budget was less.
We loved it and made an offer, offer was redirected, we managed to up our budget a bit and made an other offer. They have now been thinking about it for a week.... we could go up a little bit more but I don't want to say that before they answer. I was expecting them to either accept, or say no and then I could ask what they would accept.
They are brother and sister selling for elderly mother. And we are cash buyers with no chain.
Should I threaten to withdraw my offer if they don't give me an answer soon?
Or should I indicate that we could possibly go up a little more ( this would mean almost no renovation fund and it needs a lot of cosmetic work)
Or should I just wait?

Easter is a busy house viewing time. They are waiting to see what happens. I would push hard that your offer will expire today. You are in an excellent position .

Go and view other houses with same agent. Make it clear that you are still considering other houses

I wouldn't suggest your budget can go up even more... if they know it's there, they'll ask for it. Give a deadline and see what they do. Good luck x

Thanks for your advice, I will speak to the agent today and could possibly give Monday as a deadline?

Or Tuesday I guess as it's probably closed Tuesday..

Closed Monday.

Or can I say I want to know but the end of the day today?

Give them a deadline and be prepared to withdraw.
One of my friends offered her absolute maximum and heard nothing. When she chased she was told they were giving her a chance to improve her offer. She said it was her final offer and she was still looking at other property. (And asked for an appointment . To see something through the same agent). Shè had a small amount for improvement which she needed. (Needed a new boiler urgently just after she moved in)
Her sellers had sold the house previously for more to someone who was unable to get a mortgage and they expected her to match the lost buyer,. She couldn't and didn't.
She had an acceptance within an hour.

I would get back to the estate agent and ask about it. Tell them you want to look at other properties as you’ve not heard anything. I wouldn’t up my offer. Then leave it up to them to get back to the buyer

I agree I wouldn’t up your offer. A cash buyer is incredibly attractive and more so in their position.

Don’t up your offer. Call the agent and give a deadline and also speak to them about other property they have on the market that might appeal to you.

Don't up your offer. They are just being greedy. Give them a deadline and be prepared to walk away. The EA will put pressure on them to accept.

When we bought our vendors considered our offer for over a week. Then the weekend, then said they needed a couple more days. We did nothing, no threats to withdraw, didn't up the offer, just waited im patiently.
They then accepted our offer almost two weeks later. They weren't after more money.
Some people take ages to think/talk about it.
We were also no chain cash buyers.
Plus they have the additional hassles of helping their elderly parent.

CapnHaddock I don't think saying the vendors are greedy is fair. The OP says that the vendors are selling it for their elderly mother. They therefore have a duty to get the best price they can, especially if care has to be funded.

They are waiting to see what happens over Easter.

If you withdraw the offer then you've definitely lost the house but if you don't then you've haven't.

I would ring the agent though and put them on the spot to explain what is going on and also book to see somewhere else which may focus the attention of everyone involved.

Don't tell the agent "in confidence" that you could go any higher.
He's working for the vendor.
I suspect that they are waiting to see if Easter viewings produce any interest

Definitely don’t withdraw! The lack of a rejection means you’re very close to an acceptance! Either give them a deadline or tell the estate agent you want to view other properties..... and good luck!

Just to update,
I sent an email on Sunday asking what was going on, if the sellers are serious about selling and that I was considering to withdraw my offer.
And they answered yesterday that they accept the offer!!!!
So happy

Congrats! Well done on holding your nerve!

Thank you!