How to overcome house loss?

[3asAbird]

1st time buyers here
We saved hard deposit
Lived in crappy rented accommodation
Have mortgage on place subject to valuation and survey

We looked in summer holidays not much about.

But start august we made an offer
It was rejected
We made another offer 5 under asking price .

Accepted old couple wanted to move to a retirement flat they seemed so nice.

Kids exited
Husband ecstatic
We're already planning what items were going where and kids rooms.

Today get call from estate agent saying they decided not to sell.
It was on the market 2months prior to offer.

So why after 3months do they change mind.
Survey was meant to be done start last week.

Estate agents they were selling with were awful.

Spoken to mortgage advisor he says domt cancel mortage see if can find something else.

Husbands like we never find something as good that ticks so many boxes.

Everyone said market would pickup sept when kids go back.

Still not much on market
We bristol and can only go to 250k
We dont want be too far from kids schools
So much is overpriced or reduced and staying on market longer.

People keep saying market will crash
But with brexit in certainly worried about letting this mortage expire.

Told husband we just have to get on the ladder and we can maybe move in a few years.

Spoke to 2 if better local agents to see what they had today.

Arranged 2 veiwings
Husbands not in the mood and on the realm everything's crap.
Mum's like something better will come along

Anyone else had this situation and how did it turn out in the end?

Positive stories and tips very welcome
Is 10k under too cheeky an offer for 1st time buyer no chain mortage and deposit I place.

We fell in love with a house after months of looking that we though was perfect, it was overpriced and we put in some offers but the sellers refused to budge and we couldn't meet them.. So we stopped with that one and were devastated. Two weeks later my dad sent me a link to another house, nearer to work (an area we had previously ruled out due to his mum being far away) but near the main roads, with am extra bedroom and literally everything we wanted! Including a double garage that DP had been desperate for. We managed to get an offer accepted and are currently going through the purchase!

So although we were heart broken about the other one (still on the market and we actually had a phone call a few weeks back asking if our offer was still on the table as they would like to accept) we managed to find something far better for us!

Although it's sad just try to stay positive and keep an open mind..

Sounds perfect inferior being thanks for response hope all goes through smoothly.

Some sellers are delusional with their prices.

We made it clear to sellers we were not buying to invest we wanted a decent sized secure family home.

We have few others to see but none as nice or as good a location.

We lost 1 good one when we offered on this one.

Only the shit taking the piss priced ones remain on right move.

Been there recently! Our vendors pulled out after 8 weeks because they think they are go8ng to remarket in the spring because they think they will get more money then. Though a week later they deigned to say if we gave them another 25k they would still sell it to us. When they eventually find somewhere.....

We've seen a place today that's very cute and at least 25k cheaper. Screw them I say! Agents say what has happened to both you and I is alarmingly common though. Keep at it!

Thanks ranger lady

Your vendors sound like cheeky feckers.

I think whats thrown us is we dident expect it.
They were making huge profits as brought the house when it was built.
We got chatting to them they wanted a retirement flat in a certain local complex and to travel.
I dont normally like veiwing with owners present but they were lovely we took our kids as summer holiday we made it clear what our requirements were.

We made a offer an hour after veiwing.
The estate agent has been chasing up mortgage advisor for update as bank had been slow from mortgage in principal to approved.

The day we offered and accepted I looked up the retirement complex they mentioned.
3 flats for sale
Then last week none we assumed they made an offer shortly after we offered to buy their place.
Husbands said retirement usually no chain so again we assumed a quick move and in before xmas as we rent.

We just stunned

We're 2 other possible houses

1 sold
1 taken off market

It's weird people put houses on market then change their minds.

We put in an offer on a semi in a very nice area, it had a nice house, and originally a small garden but they'd bought part of an adjacent field from the farm next door. It had been on the market previously and we'd seen it but it had come reavailable because some previous would-be buyers had pulled out, all went swimmingly till their solicitor held back and held back on some info relating to searches . They were pushing us to exchange but our solicitor said no we need this info...turned out they were holding back info that the land had so many covenants and restrictions on it that we'd not be able to use the land to even put a deckchair on it, let alone grow vegetables. Meaning the remaining garden was too small to even grow veg.
Anyhow we pulled out and the very next day I rang all the EA again and one came up with a property we'd rejected as too expensive, but the EA said 'they'll accept an offer in your budget as they need to complete a chain and don''t want to miss out on the property they're moving to' So we did, and got a bargain.

We're currently house hunting and I agree that some sellers are very delusional about prices at the moment. Those houses tend to stay on the market for months (a sure sign they are overpriced).

Something will come along..... you just need to keep looking. You are in a good position as a FTB.

You say you've made clear that you're looking for a home not an investment.... while this may away some sellers, most won't care. They want to get the best price they can for their house, and many are fixed on the price the estate agent has told them, and were unwilling to countenance the fact that their beloved home may not be worth as much as they hope.

^ sway, not away