What does it actually mean? Is there a set amount above that which the sellers want?
We'rr relocating back to the UK and, after months of watching the market and virtual viewings, we have finally found the perfect house for us. It's been on the market a week.
It's listed with an offers over price so we went in with an offer at 1% over that price - we are in a great position as are cash buyers, no chain, looking to complete asap (subject to survey and searches of course) as I'm pregnant and want to be in somewhere before the baby arrives.
The offer was rejected. No counter offer, just an explanation from the EA that the sellers wanted a 'higher price'.
We waited a couple of days then put in a revised second offer at 2.5% over the price. Also rejected, again no counter offer.
What would you do now? We love the house and haven't found anything else suitable but we are right at the top of our budget now.
Do these people actually want to sell? It's an empty house, no upper chain. The EA has been no help whatsoever so we don't know who the seller is, why they are selling or how much they are hoping for etc. It just seems so unethical and a complete waste of peoples time to list the property at a certain price to get interest but actually want a much higher price.
Feeling very despondent tonight.