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Someone trying to gazzump our buyer

28 replies

Evecob · 15/03/2021 15:11

Want peoples opinions please..

We agreed on an offer a couple of weeks ago with an online agent, their fees are a lot lower but they are mandatory to pay. The offer was less than we wanted but we ended up taking it as there was a property we liked and wanted to be proceedable.

Just before we agreed it we had another agent over, who knew we already had an offer with the online agents and we were looking to accept it.. their buyers offered 2k more. We said no as we would not be better off financially. They did not offer more, so we moved forward with the offer from online agent and told them to stop selling our property.

Today (2 weeks later) i got a call from the highstreet agent to say the buyer they took round still wanted our house and were prepared to offer 5k more instead. We would be 2k better off if we accepted this offer but it's frustrating they offer this now after 2 weeks!!! When our current buyer already has their solicitors in place and arranged for a survey.

For us the 2k would mean a lot, as we had to pay full asking for the property we wanted, and it left us with less free cash than we wanted, but don't want to be those people...
What would you do?

OP posts:
AppleStars · 15/03/2021 17:41

I would assume that since it's taken 2 weeks for them to increase their offer that either
a. The agent is rubbish and didn't read your email / convey the message to them that you wouldn't accept their offer, or
b. They have spent 2 weeks scrambling to come up with the extra money to increase their offer which means they are probably maxed out on their budget and might have delays with the mortgage application, conveyancing, etc if they have are really stretched.

Neither scenario would entice me to upset the buyers who you say have already engaged a surveyor & conveyancing.

sarahc336 · 15/03/2021 17:49

I'd stick, I suspect the new buyers are probably maxing themselves out with this this new offer as surely if they could easily afford it they'd have offered it at the first place instead of waiting two weeks??
You don't want to accept the higher offer and then try ey realise they're over stretching themselves and pull out and then you have no buyer. You have also agreed the first offer, imagine if you'd have your offer agreed and you were getting solicitors together and then they told you they'd gone with some new, you'd probably be quite annoyed ☹️ good luck op x

DespairingHomeowner · 16/03/2021 23:20

@Evecob

2k might be small to you but to a lot of people it makes a big difference.

I'm annoyed this has come about but I wanted peoples opinions.

Your buyers will be out of pocket 1-2k for survey & conveyencing, which would probably mean more to them than you as we all move UP the ladder as finances improve. it would be very shoddy to switch now
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