Is there anything we can do about this?! Please help!

[crispysausagerolls]

My husband and I found our dream home. It came on the market and was inundated with offers - several of which were speculative or had chains upon chains upon chains. We are cash buyers with no chain and put in a reasonable offer. The EA told us our offer was slightly too low, and to suggest another, higher, and we would surely win. We told him to come back with a number that would win as we didn’t want to start bidding against ourselves, and he said he would come back yesterday evening. He did not. Today I received a call, not even from the EA we were dealing with, to say the buyers accepted another offer.

Is this the end? I am heartbroken, but I am also outrageously angry. The estate agent owed us the chance to match the offer, surely? He specifically said he would find out what number we needed to offer and would tell us, and he did not! What if we were prepared to go higher?! Is it all over now the offer has been accepted? It’s also so shitty that the EA couldn’t even tell us himself, and got someone else to do it.

Please help, I am so sad!

@Proudirishnotpaddy putting it in inverted commas doesn't mean you didn't do it. Writing HTH doesn't make you right. She was rude, you were rude whilst criticising her for being rude. Ironic. I'm sure that doesn't Help as you will continue to disagree so I won't be so patronising as to write it.

www.rightmove.co.uk/property-for-sale/property-70810072.html

This came up today! Looks interesting

That looks lovely, well with a viewing I think.

Beautiful garden and a bit cheaper than the other one so you could update.

Is it a bit bottom heavy though? Unbalanced in terms of downstairs space vs upstairs space (only 3 beds). We started off thinking we wanted two children and ended up with 3 people n a 4 bed and are now looking at 5 bed houses....

sandybayley

The plan would be to move again in 5-10 years. But also that huge garage space could be turned into something and potentially more space added on the back if need be/the world falls apart and we can’t move. I think worth seeing though.

I imaged adding a garden pod and sending the teenager down there out of the way when they're older!!

Hahaha that’s not a bad idea either. Maybe a second pod for DH

That house is lovely. The bedrooms look a great size. If the kitchen was updated and extended and opened up into the garden, you would have a magnificent home!

Check out the catchment schools and make sure you are happy with the options.

if we pay x will you accept and take it off the market.

It sort of went that way for us. Agent called us about a house he’d just visited that hadn’t been listed yet, we viewed the next day and offered high (no asking price yet) on condition they didn’t list it. Accepted and bought.

@crispysausagerolls there are always more houses coming on the market and you have learnt from the first one.
Hopefully soon you will find the right house for you.

Putting offer on this other house tomorrow. Think DH has learnt his lesson and going to go in and schmooze the EA and say “what do I need to do
To
Make this happen”

crispysausagerolls good luck, I think this can be a very lovely house.

Thank you! Xx

Best of luck @crispysausagerolls . We have an offer in on our House B which went in on Friday. Will hopefully hear back tomorrow. Make sure your DH has all the info about why you make a good buyer, it's not just about the price.

If you are successful you must come over to the 'waiting to exchange' thread.

sandybayley

Ohhhh, yes I will! Do you have a link please??

Good luck to you too!!!! 🤞🏻🤞🏻🤞🏻❤️❤️❤️

I am sorry you lost out but when we bought our house at a time when everything was selling really really quickly and for more than advertised , I got fed up that by the time I had seen the advert and asked to see a property, it had generally already sold, often for abovbe the asking prices - so I did the following.

I prepared a small pack (2-3 pages max explaining our situation - ie mortgage ready, no property to sell etc, area we were interested and what our maximum price was). It included photocopies of our bank statements showing the deposit ready and a copy of the the mortgage agreement in principle.

We dropped this off at all the local estate agents and I rang them weekly to remind them about us, to remind them of the details I had dropped of and to ask if anything had come up.

After a couple of weeks this his paid off as one day I got a call about a property which fit our requirements, had just come on the market and was not even online yet. We went to see it the next day and as we liked it so much we offered 5K over the asking price there and then if they agreed not to put the details online, which they agreed to. A few months later we moved in

If properties are going for above the asking price you need to be really proactive to see them before others do and be prepared to go in at ot a bit above the asking price.

I think EAs just make it up as they go along depending on their business relationships. Years ago we put in an above asking price offer for our dream home, were told by the EA that it should be enough to secure it, just need to check with the vendor etc etc then when we chased them after the weekend we were told sorry, sale agreed to a better offer. 6 months later we were still looking and noticed on Zoopla that the offer accepted was much less than we had offered.

We were FTB no chain, good deposit and mortgage all ready on standby but the buyer was a property developer so maybe some other money changed hands with the EA. We'll never know. I think they just make it up as they go along. Maybe selling to the developer would earn them extra commissions down the line as they had done him a favour?

It is immensely frustrating and just adds to the emotional rollercoaster of house hunting

Try not to over-obsess. You will fine another dream house. And it will probably be better

Bottom line is: a house is worth as much as someone is prepared to pay for it. So it’s pointless to agonise over whether you feel it’s not worth a bit more or whatever.

We were in a similar situation where we found a house which ticked every box. We couldn’t believe our luck. We did go in first of all with a lower offer but when the EA said ‘the vendors are looking for the asking price’ we offered it there and then. Sometimes there’s no point playing the brinkmanship game.

The house price band won’t make any difference either because you’re just competing with others in the same bracket. You’re looking at a million pound house because you can spend a million... so can they 🤷‍♀️