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Original poster

Should we withdraw offer on a house?

9 replies

Kittypillar · 22/01/2020 22:23

So very long story short, we made an offer on a house about 2 weeks ago and still haven't had a final decision on whether it's been accepted. House has been on the market since August 2019, it's in an area we really like and we thought it would be a good fit for us as a family. We offered within 3-4% of the asking price & we have first time buyers behind us. We'd originally been told when we booked the viewing this would be what the sellers were hoping for so we went for it. Turns out that wasn't too accurate...

After quite a few weird back & forth updates from their estate agent about how the sellers were "trying so hard to see how they could make our offer work", we got the call yesterday that the sellers have been to lots of viewings for properties they want but are now saying that, to make their onward purchase, actually they need asking price and probably can't accept any less. I just want to tell them to forget it now to be honest. It fills me with a bit of fear about what they might be like during the selling process if our offer was accepted too, for example if any issues are flagged during the survey etc. DH is saying we should just do nothing and leave the offer there on the table until we find something else, then withdraw it but, even after a day to stew on it, I want to ring the agent and just withdraw the offer completely. I'm feeling quite grumpy about it all really and just don't want to have this strung along any further.

Is DH right here? Deep down, I suspect he is (entirely possible pregnancy hormones have turned me into a dragon Blush ) but just wanted some other opinions...

OP posts:
Mintchocchipicecream · 22/01/2020 22:28

If you like the house then leave it on the table. You can always withdraw it another day?

Sammy867 · 22/01/2020 22:29

I would be worried someone will offer full asking price half way through your purchase and they would accept it, regardless of you having spent money on searches and things. It seems they need that extra money and from the sounds of it would be willing to lose your cash for it.
Personally I would withdraw and their response would give me all the information I’d need. I’ve had this from one of our house purchases and it was devastating to get so far through and realise the money I had spent had been wasted.

Also it sounds as though you are happy with this house but not in love with it. When we bought mine I would have been devastated at the thought of not owning it. Maybe there’s a better fit for you elsewhere

madcatladyforever · 22/01/2020 22:31

Don't get emotionally involved in a house purchase. Head only not heart. I agree with your DH.

Original poster
Kittypillar · 22/01/2020 22:32

@Mintchocchipicecream I do like it I think, although the frustration of waiting around for the sellers to make a decision has tainted it slightly... DH is still keen and thinks it would still be a good one for us, more so than me. I know it's their house and they need what they need to make it work but I think I'd have just preferred that to be more upfront in the beginning and/or a clearer cut answer sooner.

OP posts:
Original poster
Kittypillar · 22/01/2020 22:33

I would be worried someone will offer full asking price half way through your purchase and they would accept it, regardless of you having spent money on searches and things. It seems they need that extra money and from the sounds of it would be willing to lose your cash for it.
Personally I would withdraw and their response would give me all the information I’d need. I’ve had this from one of our house purchases and it was devastating to get so far through and realise the money I had spent had been wasted.

This is absolutely my worry @Sammy867!

OP posts:
Expressedways · 22/01/2020 22:36

They’re trying it on massively if the house has been for sale for that long and it sounds like you’ve already offered pretty close to the asking price. How likely really is it that someone will come along out of the blue and want to pay more? I don’t see the harm in leaving the offer on table as per your DH’s suggestion and to keep looking at other places in the meantime- after all your first time buyers are probably eager to get things moving, but I would be telling them that you will not be upping your offer under any circumstances.

TheHagOnTheHill · 22/01/2020 22:41

No one puts their house on at what they want as an asking price unless they've had to drop it already.Also if they haven't found a property why is theirs on the market.They could keep you hanging for ages while they look.
I would leave the offer and keep looking

Bringonspring · 22/01/2020 22:44

It’s a discounted market currently, their estate agent is trying to understand if your current offer is best and final. Leave your offer as it is

alohamore · 22/01/2020 22:45

This reply has been deleted

Message withdrawn at poster's request.

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