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Property/DIY

Seem to be in a bidding war and DH is on a course

149 replies

penguinsnpandas · 22/05/2018 11:53

Saw a property we all love. Been on market for around a year, a month ago they dropped price 5 percent. Put in an offer today at 10 percent under asking price and they had another offer arrive same time at 5 peecent under both nothing to sell. 5 percent under was max limit DH said. But what should I do. Headwise I think we are now at fair value, heart wise I love it. We have cash to increase. DH will forgive me but argh. I am leaving it to see if others raise their offer but my guess is they will. Any advice. Not too many alternatives.

OP posts:

Report

another20 · 25/05/2018 14:52

Any news?? Do you think they will go to the wire 5pm?

penguinsnpandas · 25/05/2018 15:31

Thanks for asking. No news so I just called as we are away for the weekend from 5pm and I told them I need to be rounding up children and animals from 3.30pm so can they call my DH. They said the owner is due to call them in about an hour with a decision.

Presumably no more offers and other offer seems to have disappeared just whether they will accept the price or not.

OP posts:

penguinsnpandas · 26/05/2018 00:33

Went to someone else

OP posts:

BlueAnemone · 26/05/2018 00:46

Sorry to hear that. Well if the estate agent later "gives you the chance to match the other offer" then you'll know they are at it.
I hope you all enjoy your weekend. Maybe something great will pop up in the next few days.

SubtitlesOn · 26/05/2018 00:56

That is a shame

Perhaps the sale will fall through and you might still get it

Has the advert changed to STC as well or do you think EA are hoping you will offer more money?

SeriousSass · 26/05/2018 01:08

Oh that’s a shame. 😢😭😢😭😢

penguinsnpandas · 26/05/2018 08:38

Thanks very much.

DH took the call but it was at 4.52pm and they close at 5pm, he said just a 1 minute sorry they've gone with another offer. He didn't ask for any details but its really gone to someone else and possibly first offer wasn't fake and its them its gone to. Strange as never mentioned other offers again.

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another20 · 26/05/2018 11:47

Might be a mate or family of EA?

viques · 26/05/2018 11:57

Don't give up hope, I still think the owner is trying to squeeze a bit extra out of what sounds like a dry cloth!

enjoy the weekend.

3333hh44 · 26/05/2018 12:17

What a shame.

penguinsnpandas · 26/05/2018 13:24

Just sent an e-mail to try and find out what it went for as odd no other offers mentioned apart from one at same time as us at same amount though could be that's what they've gone for as would have been 50-50. But since then she has just talked about our offer.

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GreenTulips · 26/05/2018 13:38

Did you state your position

I.e. Cash buyer first time buyer move quickly etc? Do you have a solicitor etc in place?

penguinsnpandas · 26/05/2018 13:55

Stated position nothing to sell cash small mortgage move quickly. Not asked about solicitor. Said other was same.

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penguinsnpandas · 27/05/2018 21:30

House is still marketed as for sale but maybe just as offer only accepted Fri at 4pm. Will keep watching and have told EA to get back in touch if offer falls through and asked what they offered. Not told about any other offers,before other than one at same price at same time by buyer in identical position. Not sure how long they normally take to say under offer.

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Angryosaurus · 27/05/2018 22:01

Get a friend to phone up and ask to view!

another20 · 27/05/2018 22:04

Just go back and offer more if you can.

SubtitlesOn · 28/05/2018 01:28

Good idea get a friend to ring up to ask about it

Then they must say that it is too expensive to EA to find out about money news

NurseryFightClub · 28/05/2018 07:40

We got let down on a number of properties, the last one we offered on as they decided to take off the market. So I said we will leave the offer there until we find something else. They reconsidered and after two days came back but asked if we would wait until they found a property. They did within a month. So sometimes the waiting game pays off.

Treacletoots · 28/05/2018 07:49

Why do people expect to get at least X amount off the value of a house?

If you love the house, most importantly you can afford it, and you're not planning to move on or develop it for profit then why not just offer the asking price? It sounds a bit like game playing refusing to pay when all your family just want the house. And who blames them, it sounds lush!

Bite the bullet, just do it OP. And no I'm not the estate agent

Treacletoots · 28/05/2018 07:54

Didn't think earlier but equally you could have offended the seller with your 10% under offer and they're now simply saying they've another offer. This happened in a sale to me previously. Another buyer offered 10%or thereaboits under and the seller refused to deal with them and I ended up getting the house, at close to asking price. This was in 2006 mind..

penguinsnpandas · 28/05/2018 08:48

Yes I suspect that's why went to other bidder as they initially went in higher. Other than that bids sounded identical. Other scenario could be they used my offer to lever in a full asking price offer but didn't bother to say. Though would have thought they would have mentioned that when I phoned them Fri at 3.30pm.

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another20 · 28/05/2018 10:17

You can put another offer in - they are legally obliged to pass it on - do it on emaiL Agree if the house is perfect for you and you will be there long term any “perceived” overpayment will be evaporated.....if you can afford to and this type and location of property rarely come up, just make it your mission to secure it for the

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penguinsnpandas · 28/05/2018 11:02

Thanks very much. DD has been pestering me to put another offer in, both said no initially as its been given to someone else but they won't have paid anything out yet so maybe we could. DH only wants to raise 5k but I would be tempted to go in at full asking price. I think at 5k the other couple might well raise. Trouble is it may have gone at full asking price already though I would have thought EA would have said that.

We can afford to go up to full asking price but I can't really work from houses location so we would go down to one income so was trying to get low mortgage. I haven't been very well for months gone through about 5 cancer investigations, 4 negative, 1 to get but its OK to not work for a few years. School only goes to 16 so may only be suitable for 4-5 years but is somewhere you could retire to so would keep long term. It's got a brilliant school, a sports centre and very safe, kids can cycle everywhere.

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SubtitlesOn · 28/05/2018 11:15

How about putting in a weird number like if they want £410,000 put in offer of £406,750?

Or just go straight to asking price?

Treacletoots · 28/05/2018 19:23

Well. That puts another spin on it really OP! It sounds as if the house, as delightful as it is, has a few compromises for you personally. In honesty we turned down a few houses that were similar, full of character and well in budget because the area wasn't right or amenities just weren't great. It sounds to me as if there's some other reason you don't want to offer the full price and it could be that it's just not the one?

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