Have accepted an offer on our house and have found somewhere we really like.
The property we'd like to buy has been on the market for 5 months. We were the first people to put in an offer anywhere near asking (although was still a way off) but this was rejected. We've been gradually increasing our offer over the last couple of weeks but sellers have been holding out for asking price. Which is their perogative of course. No other offers in the meantime as far as I'm aware.
We can afford the asking price (and a little over), but with stamp duty it's nearly all of our savings.
Just after we made out last offer another buyer has apparently popped up with an offer above ours and it's now going to best and final.
Feels like we've messed up our strategy in that if we'd offered asking a couple of weeks ago i think we would have got it accepted. Whereas now we feel compelled to offer over the asking price. And probably still won't get it...
I'm trying to not be too attached as I know from previous selling/buying that it's daft to get to attached to a property as this stuff is never guaranteed. But there's very little else in our price bracket in the area and this place would have been such a good solution for the reasonably complicated life situation we will have for the next few years.
I'm slightly suspicious about this other buyer and the timing of the offer when we've been the only people making serious offers up to now. Feels like it might be a strategy by the estate agent to get us to finally show our hand, but they can't just make up other offers, can they???
Not quite sure what I'm asking here... maybe just some psychological tips to get through what might be a stressful few days..???
We're planning to make an offer over asking price that will use up most but not all of our savings. Does that sound like the right strategy at this stage?