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Original poster

AIBU to reject this offer on our house

17 replies

bluebellmountain · 26/08/2023 11:22

Selling our home, It's been on the market 4 weeks.

Someone I know wants to buy it, not a friend but someone who mixes in the same social circle. I'd chat if I saw them but wouldn't ever text/call or arrange to meet.

They were the first to view and made an offer straight away, the offer was 16k below asking price. They were in a position to buy without selling theirs. However they decided they wanted to sell thiers whilst purchasing ours. After their first offer our estate agent told them we would not consider below asking price at this point. They then made several further offers, increasing by 2k each time, in the end they offered asking price on the condition we took our house off the market. We declined as they hadn't even put theirs on the market yet. They had an open offer of asking price which we stated we wouldn't accept until they were ready to proceed, they knew this from before they even offered.

We had other viewings and have now had an asking price offer from someone who is ready to proceed.

The other buyers have now increased their offer to 10k over the asking price, their house is on the market but not sold.

DH and Estate agent want to consider this offer but I don't. I feel like they've just messed about from the start, making offers they knew we wouldn't accept. Saying they wanted to cash buy and then changing their mind.

My concern is that close to the end of the sale they'll mess about and lower their price. They have the cash to buy outright so if they really want it that badly they could have done this from the start without all the chopping and changing.

I feel like the other buyers will be more straight forward, they have lost 2 houses during the process of selling so they're pretty defeated and feeling frustrated so I just think they'll be much less likely to mess us around.

Obviously it's all unknown and anyone can pull out or change their mind but offer number 2 just feels safer.

What would you do in this situation.

OP posts:

Maxaluna · 26/08/2023 11:25

Trust your gut instinct- the other buyer seems to be aiming for "mates rates"

Happydays321 · 26/08/2023 11:25

I'd go with the second buyers, follow your got feeling.

Liveanlearn · 26/08/2023 11:26

Beaten to it - trust your gut.

SeaToSki · 26/08/2023 11:26

When people show you who they are…believe them.

ThroughThickAndThin01 · 26/08/2023 11:27

Go with the second buyers.

You could still be waiting for the first buyers this time next year at whatever price they’ve offered if they don’t manage to sell their house.

RudsyFarmer · 26/08/2023 11:27

I’d go with the buyers you want to go with. Any chance they would up their offer slightly seeing that the original buyers upped theirs?

TokyoSushi · 26/08/2023 11:28

Yep, take the straightforward buyers.

Winter2020 · 26/08/2023 11:30

The buyer's that have offered 10k over could get cold feet and reduce their offer when the other buyers are gone and the market is cooling.

The second buyers that offered asking price and have had a rough time buying sound like they just want a home and not a deal and I would agree with you to go for them.

Original poster

bluebellmountain · 26/08/2023 11:30

ThroughThickAndThin01 · 26/08/2023 11:27

Go with the second buyers.

You could still be waiting for the first buyers this time next year at whatever price they’ve offered if they don’t manage to sell their house.

I thought about this but I don't really want to scare them off. I know they were choosing between 3 houses and they viewed ours and this other house twice and then chose ours. They could just decide to go with the other house. Plus, 10k isn't really a lot of money is it, considering the house is worth over £400,000. It won't really make a difference to our ongoing plans so just feels pointless is chasing a few extra thousand.

OP posts:

Allthegoodnamesarechosen · 26/08/2023 11:31

Hardly even worth the question. Your DH and the agent are just letting their Greedy Glands cloud their judgement. The agent gets better commission, your DH gets the joy of being messed about by people who thought they could get a cheap deal, now are trying to outbid….and would probably do the asking for a reduction just before exchange dance.

👢put your foot down , OP.

KievLoverTwo · 26/08/2023 11:53

I don't trust them.

ClematisBlue49 · 26/08/2023 12:08

Agree with PPs - 2nd buyers sound like the best bet based on their ability and keenness to proceed.

Another factor... I may be in a minority, but I'd be happier selling to people I didn't know, even though they aren't close friends. If something were to go wrong, things could get awkward.

longwayoff · 26/08/2023 12:09

They will burn you last minute and be proud of doing it. Dont give them the time if day and dont sell your house to them.

Judashascomeintosomemoney · 26/08/2023 12:12

That they will drop the offer last minute couldn’t be more obvious if they’d sent you a postcard stating’We will drop the offer last minute’ tbh.

Original poster

bluebellmountain · 26/08/2023 12:15

ClematisBlue49 · 26/08/2023 12:08

Agree with PPs - 2nd buyers sound like the best bet based on their ability and keenness to proceed.

Another factor... I may be in a minority, but I'd be happier selling to people I didn't know, even though they aren't close friends. If something were to go wrong, things could get awkward.

Yes i agree! Was never keen on selling to them and the estate agent knows this. But at that time they were the only ones offering. They think I want to sell to the new buyers for this reason alone.. it's a tiny factor in it but ultimately it's all the other nonsense that's out me off.

OP posts:

CantThinkOfANameAtAll · 26/08/2023 12:26

the offer was 16k below asking price. They were in a position to buy without selling theirs. However they decided they wanted to sell thiers whilst purchasing ours. After their first offer our estate agent told them we would not consider below asking price at this point. They then made several further offers, increasing by 2k each time, in the end they offered asking price

Let me get this straight. They have made at least EIGHT offers already? Fuck that, they are CF and that won't stop. They'll try again for a reduction at survey and again at exchange. Dont go with them. I also assume the other buyers will be desperate to keep their chain from collapsing a third time so they'll be keen to not mess about. EA and DH are just greedy. House selling/buying is about trust.

Twiglets1 · 26/08/2023 12:37

In your position I would accept the asking price offer from the people who are able to proceed immediately. That’s a great offer in today’s market, don’t risk losing that offer.

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