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House offer

26 replies

newandconfused5 · 11/03/2024 11:40

We made a 'cheeky' offer on a house that needs a LOT of work.
Think no hearing installed. Not decorated in the last 40 years etc.. will need a full renovation.

The house has been listed since the new year.
Anyway, we made an offer a while ago and was declined (after waiting over a week to hear back). We left it.. the house was reduced in price and we made a second offer. 20% lower than asking price.

We were asked by the buyers if we could leave the offer on the table. That four siblings were selling for elderly parent. We said yes. That was two weeks ago and today I walked past the property and there is a viewing going on.

Am I right to feel like I would like an answer to our offer asap now? Is it not salesman trick number 1 to tell potential buyers there is an offer already on the table?

Am I missing some understanding here or are we being used?

Thanks in advance!

OP posts:
newandconfused5 · 11/03/2024 19:08

Thank you everyone for all of your great replies.

You have given me lots of different angles of thought.. much appreciated!!

Just to clarify, of course I didn't expect viewings to be stopped at all. I just suddenly thought 'hang on a minute' when I happened to see a viewing taking place.

The house is in the same village as mine.

But lots of food for thought there thank you.

The house isn't a simple house as the house comes with a large detached garden that in theory could be built on with lots of outbuildings also. This is what is pushing the price up but the house itself needs everything doing to it.
We are a young family so it would be huge taking it on and unless we could get the house at a good price, it wouldn't be wise to take it on, thanks to building costs and materials.

But I really appreciate everyones thinking around this and for taking the time to reply to my post!

I think giving the estate agent a time limit might be the way to go for us.

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