I put in an asking price offer on a property yesterday morning for a house that is not 100% perfect but is an "it'll do" house for a few years (in a good school catchment, recently renovated, it's near a park for DC and good dog walks around for my dog). The downsides are; no parking / no garage, near a fairly busy road, 1 bathroom - which is very small - and it is an end terrace. I have just sold my property (large detached house with parking and garage) to a 1st time buyer and the new property's vendors are part way through purchasing another house.
I put in the asking price offer as it is the ONLY house available in that area, as the area itself is very popular. My DC have friends there and I also dog walk with friends there, so I know the area very well.
The vendors are a young couple; the lady accepted my offer but wanted to check with her partner before committing. The agent came back to me today to say that the partner wants to hold out for another viewing tomorrow evening (around 5pm) as it is a first time buyer. I have advised the agent that I will not be increasing my offer but the agent does not believe that the vendor is holding out for a higher offer.
What would you do? Would you wait to see what the vendor says after the viewing, or just pull out now? I just feel like I have offered exactly what they were asking for, and yet they won't accept or reject it. I feel in limbo.
I have seen other houses which would be better for us as a family (2 adults, 2 children) and have parking / more downstairs space, but they are more £££ and not in the school catchment area that we would like (although the school in that area is equally as good).