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Had my offer accepted and today they've accepted a higher one SO ANGRY what should I do

52 replies

Lostlily · 18/05/2018 12:14

So I found the flat of my dreams and made a good offer over the asking price which was accepted and have it all in writing!
Have started my mortgage application for the property and just had a call from the agent to say the vendor has today accepted a higher offer and can I match it!!!
I am so angry! I made the best offer I could over the asking price to secure it and I am buying it alone after a divorce so it means a lot to me, it's my me start!
I could try and get the extra few thousand from family or somewhere ( I can borrow anymore)! But I am really pissed off with them to be honest
.... Part of me feels like telling them to get lost

OP posts:
AgentProvocateur · 18/05/2018 12:16

Do that. Greedy bastards. Dont get into a bidding war - they’ve screwed you over once, they’ll do it again. There will be other flats. Flowers

GinIsIn · 18/05/2018 12:16

Unfortunately they are perfectly entitled to take a higher offer unless you’d explicitly agreed with them they would be taking it off the market

Melliegrantfirstlady · 18/05/2018 12:16

How much over is it?

Melliegrantfirstlady · 18/05/2018 12:17

And I always stipulate when I make an offer if it’s accepted:

No more viewings and STC sign goes on website and letting board!

Shmithecat · 18/05/2018 12:18

I would tell them to get lost. Even if you were to up your offer, I'm pretty sure they'd go back to the other buyer and ask if they want to up their offer and it'll turn into some crazy reverse Dutch auction...

PotteringAlong · 18/05/2018 12:20

Are you sure they’ve had another offer and they’re not just trying it on? Say no.

sausagedogsmakechipolatas · 18/05/2018 12:37

Greedy fuckers. Sounds like they want a bidding war - even if you could up your offer they’d be looking for a higher offer all the way up until exchange.

Lostlily · 18/05/2018 12:39

I'm really gutted but I just don't think I'd trust them anymore. It's another £5k which I know for some isn't much but for me on my own I would struggle and it does need some work so I think I'm going to tell them to get lost. She was all nice and friendly and said she'd love to sell it to me blah blah blah. I made he a good offer £5k over the asking price!!! I'm sold and in a good position.... She is out of order I think

OP posts:
Bluntness100 · 18/05/2018 12:41

Unless your offer is conditional for them taking it off the market, you always leave yourself open to this. We have never bought without that condition.

Agents are legally bound to pass any offers on and naturally the sellers will take the higher offer.

If you want to increase do so with the condition it comes off the market. Or walk away and make that a condition on the next property you offer on.

PrettyLovely · 18/05/2018 12:42

I wouldnt bother because you cant trust her. Something else will come back up.

3boys3dogshelp · 18/05/2018 12:43

Walk away. They’re not honest people and there is nothing to stop them doing this again when you have sunk more time and money into the property. Flowers what a shitty thing to do to you.

Bluntness100 · 18/05/2018 12:45

If It comes off the market it's fine. It's not about trust. The issue here is the op didn't ask for it to be taken off the market, which means the seller keeps it on to see if anyone else offers more. Lesson learned.

HeadsDownThumbsUpEveryone · 18/05/2018 12:45

I would absolutely tell them to fuck off!!! You need to be able to trust this person as buying is such a difficult process. The trust is gone, tell them to get lost and find somewhere else. You are in a great position to buy and there will be something else out there for you.

I agree with the poster above that even if you match it they will get the other buyer (if there is another buyer) to up their offer and you will feel even more pissed off in a weeks time when you are in the same situation.

It is a horrid thing to do and I hope it comes back to bite them on the backside with which ever property they choose to buy. Angry

Lostlily · 18/05/2018 12:52
Sad
OP posts:
wormery · 18/05/2018 12:55

Walk away, they are not the sort of people you want in you life, you will find a lovely new home soon. Smile

missyB1 · 18/05/2018 13:05

sorry but I would withdraw the offer, they are greedy fuckers and clearly want a bidding war. Consider it a lesson learnt, in future you insist the property is taken off the market.

Figgygal · 18/05/2018 13:07

Stuff them
It happened to us too they took a higher offer as the other people were proceedable we could have been too and paid that much if they'd offered us to increase

In the end we moved house months before they vacated

Fuck them op

Starlight2345 · 18/05/2018 13:09

I would be upset but also withdraw my offer. There is something better meant to be Flowers

sausagedogsmakechipolatas · 18/05/2018 13:09

I’ve never offered without stipulating the property is removed from the market either - it’s a harsh lesson but I suspect OP won’t in future either.

Problem is Bluntness that even doing that gives no guarantee until contracts have been exchanged, so to some degree it is about trust - or at least an honest business transaction. Even if this vendor agrees to take it off the market for a higher offer, who knows if they actually will.

Bluntness100 · 18/05/2018 13:09

I agree with the poster above that even if you match it they will get the other buyer (if there is another buyer) to up their offer and you will feel even more pissed off in a weeks time when you are in the same situation

Well no. Not if she stipulates if they accept it comes off the market. At that point they decline thr other party and there are no further offers.

What you're suggesting is feasible, of course, but only if they don't accept her increased offer but use it to prod thr other party into a higher bid.

aaarrrggghhhh · 18/05/2018 13:11

I'd try not to get too emotional over it if you can. Decide if it is worth the extra £5k to you. If it is - match it but on condition that it is off the market NOW, no further viewings etc.

If its not worth the extra £5k say you can't match it but if the other offers falls through come back to ask you - in case you haven't found another place.

I know you probably want to scream at someone - but better for you all round if you can stay calm and keep your eye on the end goal.

It is totally shit though.

ajandjjmum · 18/05/2018 13:14

Just because it's 'come off the market' does not mean there will be no further offers. Until contracts are exchanged, any sale can fall through.

Horrible thing to happen OP. Flowers

VitriolicMuse · 18/05/2018 13:14

I'd see it as a sign it wasn't meant to be. I wouldn't be surprised if it all goes balls up for her with this new buyer and she wishes she'd taken your offer.

HeadsDownThumbsUpEveryone · 18/05/2018 13:15

Well no. Not if she stipulates if they accept it comes off the market. At that point they decline thr other party and there are no further offers.

In all honesty they have already proved dishonest by disregarding the OPs offer in favour of a 'better' one so they are unlikely to be the sort of people who take the house off the market. In truth if the OP had offered with this condition there is literally nothing which would have stopped them having other people over to view it. In reality taking the house off the market means just as little as accepting an offer.

Peanutbuttercups21 · 18/05/2018 13:19

You could offer higher, then pull out at the last minute

Oh wait, no, that would be a shitty thing to do...Wink