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Being played by the estate agent??

5 replies

FVFrog · 27/08/2020 22:41

I need some advice and perspective please! Divorced, family home being sold and downsizing so making decisions on my own. Viewed a ‘think outside the box’ house and loved it. It had an offer by someone earlier in the week below the ‘guide price’ which had been rejected. I went in with a guide price offer and later the same day the previous interested party came back with the same offer as I did (a week after their original offer) Then I find out they are first time buyers but that that was there best and final offer but obviously they are in a stronger position than me as I’m in a chain (although not a big one!). I put in an increased offer yesterday hoping that would secure it and at 5pm this evening had an email from the estate agent to say unfortunately the other party had also come back with an increased offer. Not sure where they pulled the money out from!
I can go a bit higher, do I put in a higher offer (which would genuinely be my absolute max) to see if I can swing it or have I lost out to the first time buyers and the agent is just playing us off to get the price up and up(I appreciate that is her job!)? I am really torn between loving this house and being sensible.
I have pretty much looked at everything else in my area at the same price point and can’t find anything else, I remotely like. I live semi rural and property prices are ridiculous.

OP posts:
areallthenamesusedup · 27/08/2020 22:47

Sorry, but I am afraid at the moment non-chain buyer will trump a chain buyer.....

And don't over stretch yourself in any purchase .....too stressful

Look, FTB may pull out at some stage so stay friendly.

And the agent is only doing his/her job....to act for seller, not the buyer, & therefore, get the best, procced-able offer.

Mosaic123 · 27/08/2020 22:47

So you have to ask yourself the question `would I regret losing the property for £x?'. X is the amount you can go up to.

If you would then make the higher offer. If not, don't.

FVFrog · 27/08/2020 22:57

Thank you!

@areallthenamesusedup I think I know in my heart you’re right and I’m trying to distance myself from the house emotionally!

@Mosaic123 I’ll sleep on it and run my numbers again in the morning.

Vendor is supposedly making decision by 2pm tomorrow as to who to go with (FTBs do have some conditions of sale wanting various things left.) But I think it’s a ploy to get me to make another higher offer tomorrow...and I’m sure the FTBs would then match it again!

OP posts:
TippledPink · 27/08/2020 22:59

The estate agents aren't actually allowed to make up offers, you can report them if they do!

mothergooseinnorthwest · 27/08/2020 23:00

I think if you think the house is worth it put in your ‘best and final’ and stick to it.

We had a similar scenario with a four bed house and we were against FTB, which i later believe was made up as we didn’t offer higher and the house didn’t sell till two months later after more viewings. The agent may as well be playing and trying to squeeze more out of you, but unfortunately they do operate like that...

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