Just made an offer

20thCenturyGhosts · 2021-04-26T13:39:46+00:00

Eek!! Just submitted an offer and I now have The Fear!! Anyone else the same? What if we've made a terrible mistake? What if they reject it?!?

Changingwiththetimes · 26/04/2021 14:57

Unless it was asking or very close to it expect it to be rejected - people think of offers as an opening gambit.
It is a huge decision, so inevitable to second guess your decision. Hopefully you saw it more than once, researched the area and so on. Good luck!

onethingonly · 26/04/2021 18:54

We just made an offer on the off chance it would get accepted and not go to closing...no such luck! It's a crazy time!

mobear · 26/04/2021 19:39

We made a low-ish offer in November - which we viewed as a "starting bid" - and it was accepted. We completed last month. Sometimes it pays off (not as often as it used to though, with the market as it is).

Didicat · 26/04/2021 19:43

If they reject it you decide if you want to up it, leave it on the table or walk away and look for another house.

You need to have a clear idea on what the house is worth to you, how much you are willing to pay and if there is renovations costs you need to have factored this in too.

I’d love an estate agents opinion on number of offers to acceptance rate....

Good luck @20thCenturyGhosts

MarmaladeTeepee · 27/04/2021 04:19

Good luck! We made an offer of full asking price yesterday only to be told the sellers aren't accepting offers at this time (then why put your house on the market if you're not sure about selling - grrrr!) so now we're back to our original plan B and I'm going to drop notes through doors after work tomorrow.

Didicat · 27/04/2021 07:36

@20thCenturyGhosts I hope you hear back today

Original poster

20thCenturyGhosts · 27/04/2021 07:50

Good luck everyone! The offer we put on was not asking price but the property has been on since last summer so you never know They didn't come back to us so either still laughing about how ridiculous our offer was or thinking about it. It's top end of our budget though so we can't go up to asking price. We'll see

OP posts:

onethingonly · 27/04/2021 20:39

@20thCenturyGhosts oh wow last summer? I'd definitely be using that to my advantage especially given the current market and that houses are selling within days at the minute.

Original poster

20thCenturyGhosts · 28/04/2021 06:52

Offer was rejected unsurprisingly, we have upped if but still not to asking price but it is as high as we are prepared to go. I think this will get rejected to, I am guessing the reason why it hasn't sold is that the owners are sticking to their guns on price despite buyers not agreeing!

OP posts:

notthemum · 28/04/2021 08:14

@MarmaladeTeepee.
Wow. Do people really do that ? If i was in a position of considering selling I would in no way consider anyone who had put a note through my door.

CoconutChair · 28/04/2021 08:38

@20thCenturyGhosts hope you hear back quickly. If it’s rejected and you’re still keen, let the EA know the offer is still on the table until you find something else. That’s worked twice for us.

On 1 house, it took a month before the vendors came back to say they’d accept our offer (they’d wanted a higher figure, which was too much, so weren’t realistic to start).

On 2nd house, it took 6 weeks before they came back to say their buyer’s chain had collapsed and they wanted to accept our offer (they’d originally accepted £6k more from a mortgage, chain buyer, rather than our chain-free cash offer, so was always a risk).

CheltenhamLady · 28/04/2021 14:56

[quote notthemum]@MarmaladeTeepee.
Wow. Do people really do that ? If i was in a position of considering selling I would in no way consider anyone who had put a note through my door. [/quote]
It is quite common practice to 'leaflet' homes in sought after areas. Why would it put you off?

Horehound · 28/04/2021 15:00

[quote notthemum]@MarmaladeTeepee.
Wow. Do people really do that ? If i was in a position of considering selling I would in no way consider anyone who had put a note through my door. [/quote]
Well that's pretty silly because if you did want to sell, you'd probably save a lot of money in estate agent fees.

I put a note through the door of my childhood home and they emailed me to say whilst they aren't intending to sell right now, they will be in touch in the future.
Fine by me. What's the problem?

MarmaladeTeepee · 28/04/2021 16:34

[quote notthemum]@MarmaladeTeepee.
Wow. Do people really do that ? If i was in a position of considering selling I would in no way consider anyone who had put a note through my door. [/quote]
Well I didn't end up doing it in the end as the sellers found a house they loved so decided to go to best and final offers and they accepted ours (over the moon!) But I know several people who've had success with leaflets so it definitely works.

Original poster

20thCenturyGhosts · 30/04/2021 21:56

Offer accepted!!!

OP posts:

SpeakingFranglais · 01/05/2021 07:04

Well done,

SpeakingFranglais · 01/05/2021 07:05

Sorry I meant to add champagne 🍾

Didicat · 01/05/2021 07:24

Congratulations

SpnBaby1967 · 01/05/2021 10:03

Congratulations!

We did similar, went in low, they came in high & offer got accepted somewhere in the middle. £13k off asking price, but as a percentage of the property price was a small amount if that makes sense.

CarmelBeach · 01/05/2021 10:26

@MarmaladeTeepee

Good luck! We made an offer of full asking price yesterday only to be told the sellers aren't accepting offers at this time (then why put your house on the market if you're not sure about selling - grrrr!) so now we're back to our original plan B and I'm going to drop notes through doors after work tomorrow.

.?? Why is the house on the market? Are they that bored?!

I hope something comes up for you.

Yes OP, had the Fear a couple of times!