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I made an offer and maybe was too high?

31 replies

valladebby · 29/06/2021 22:31

So, the context here is that we are looking to buy our first house for some months now, we viewed 40 property, made 9 offers (4 over asking price, even 20k if we really liked it) and nothing, we are the victim of these crazy times I guess!
BTW I made an offer on a maisonette in a nice village (now I am in a city) that was our max budget, 10k less than asking price. Wasn't accepted, now after a month on the market they told me that probably at the end of the week they are going to accept it.
The thing is, 3 weeks ago I had 5k more (big unexcpted expense) and my husband is starting to say that even if it's beautiful it's a maisonette in a little town, while we can have for the same price an ok-ish house in a ok-ish location in the city. I guess I can convince my husband but how can I tell the EA that I want to lower my offer? And apart from that the valutation on zoopla or move market is like 50k less? Should I trust these website? I love the maisonette but I definitely think that I will overpay it. I think this is the reason that it's still on the market after 40 days even if in that village is super hot!
What do you think? How can I play my cards with the EA?
(hope that makes sense, I don't usually write in English, sorry!)

OP posts:
trevthecat · 30/06/2021 21:33

5k on an price that high is not a massive drop. Think of it as a %. I would go a bit lower and have a little wiggle room if you want the house

MyAnacondaMight · 01/07/2021 19:24

www.rightmove.co.uk/properties/108476609#/ This is nearby, similar size - and a house. Sure, nowhere near as nice, but to me it indicates the maisonette is probably worth around £400k to most people.

It might be worth more to you - so how much you offer might depend on whether it’s a short or long term purchase.

valladebby · 01/07/2021 21:51

@MyAnacondaMight

www.rightmove.co.uk/properties/108476609#/ This is nearby, similar size - and a house. Sure, nowhere near as nice, but to me it indicates the maisonette is probably worth around £400k to most people.

It might be worth more to you - so how much you offer might depend on whether it’s a short or long term purchase.

I was the first person to saw that property! They are really struggling to sell it for the pylons at 18metres, very underpriced for that. BTW the maisonette isn't anymore on the market, not sold, just withdrawn, I guess the vendor wanted just the asking price for real Sad
OP posts:
Bumzoo · 01/07/2021 22:28

Why's it been removed by the estate agent?

Kipperandarthur · 01/07/2021 23:13

Go and see both again and make a proper judgement on which one you want with all the pros and cons listed. Then make your offer based on your new informed decision.

It doesn’t matter what your previous offer was on the maisonette it still is up for grabs. You’ve had more time to consider and you’ve seen other properties. You are a ftb and are in a good position.

Kipperandarthur · 01/07/2021 23:16

Sorry just seen your update.

The other house with pylons however nice will be a hard sell !

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