Greedy vendor - Direct from vendor

[vivimimi]

Hi, I found a property on FB marketplace. Direct from vendor. I messaged the vendor showing interested to buy the property. I got response almost after 4 weeks. Went to see the property liked it. The property needs work. I looked at other properties that were recently sold. 270k STC few houses down the road. This guy said that he already had a previous sale fall though at 250k. I said there is work of 15k and hence offered 235k. Later in the evening he said he will accept no less than 245k. I said ok to 245k. I wanted good confirmation and emailed him the offer so he accepts. He dilly dallied for 2 days. Came back saying he has higher offer. If I can revise my offer to match.
I’m gutted. I don’t like such immoral acts by seller. What’s the guarantee that he will not repeat later once I have done survey.

What’s your thoughts. Shall I put higher offer or decline. It’s not that I can’t increase but should I participate in such immoral act of bidding.

He is not greedy he's selling at the best price for him pay it or walk away but getting emotional and unpleasant doesn't make you look good.

What on Earth is immoral about this? You are making offers, he can do what he likes.

What's immoral about it? Do you know or suspect he's lying?
2 days isn't a long time to 'dillydally'. He's allowed to have other viewings while he considers your offer.

Do you think the house is worth what he's now asking? If not, walk away. If yes, then continue if you want to. Of course there's a risk there could be issues further down the line - just like there is for any other property purchase.

Yes he is greedy and immoral. They are not at the negotiating stage - he has already accepted the offer of £245k so shouldn't be trying to change that. I'd pull out.

Walk away - I would walk away from anyone who took 4 weeks. He can say what he wants and he is making people compete

The vendor can ask for whatever price he wants, you don’t have to pay any more than you have offered. Did he accept your offer and take the house off the market if was he still deciding and then asked for more? He may be making up the other offer, he might not. Really it comes down to how much you want this house and how much you want to pay for it.

How do you know for certain he has a higher offer?
I would tell him to accept the higher offer but contact you again if it falls through.

I’m considering to increase 5k and leave it there. The property is not in the open market. A done up property in the same area was sold for 250k about 6 months ago. This needs 15k work. Hence I offered 235k.

What does your survey say it’s worth?

In lots of areas house prices have gone up in 6 months. They have round here. You just need to offer what it’s worth to you, and see if that’s acceptable.

don't offer more than u think its worth and and that you can afford. and stick with it. he's of course likely to make up counter offers etc it's all part of the selling game.

I looked at other properties that were recently sold. 270k STC few houses down the road.

A done up property in the same area was sold for 250k about 6 months ago.

So prices have gone up £20k in the past 6 months.

You said there are properties sstc for £270k. This house needs £15k of work (so can't be in a terrible condition). You should have offered £255k.

Sounds like he was being generous at £245k, and has had a better offer so naturally is going to play you off against each other. Even if there isn't another bidder, your offer is low, so you can't blame him for trying to get more.

If you think that immoral, I suggest you step well away from the housing market.

Greedy and immoral

He is selling his house, not doing an act of charity for you

If similar houses are selling for £270k and you want to spend £15k on it, offer £250k to cover the work and inconvenience, and buy a new textbook on morality