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Surprise offer

30 replies

PropertyLookout · 02/01/2025 13:48

House put on the market for £355k

No viewings. Dropped to £345k within 2 weeks.

Still on the market 3 month later.

We view, needs a small amount of work, we offer £320k. Declined, saying it’s too low.

We book a second viewing to really assess the works, go over our own finances. We offer £325k.

They decline. They say they want £335k.

We up our offer to £330k. They decline, they say they want £335k. We walk away.

We view another house, but it doesn’t compare. We offer again but this time the £335k.

They say they want to think about it over New Year, they have family coming over etc.

We wait 3 days. We ring this morning, the EA say they can’t get in touch with the vendor but they’ve left voicemails, saying they’re back at work so it’s hard to get hold of them. We get a call back at lunch to say they still haven’t got in touch with them but they’ve just had an offer from a viewer that viewed a while ago. Apparently they had a house to sell and they’ve just sold and tried to get in touch while the office was closed over New Years. The offer is higher than ours. Do we want to up our bid? We told them no. We’re not prepared to go any higher. Now the EA has gone out to an appointment (2 hours ago) so we’re left in limbo still.

Is it usually like this?! It’s a bit random they’ve suddenly got another offer in while they ‘think’ about ours. The property has now been up for almost 4 months. Not one offer previous, except ours and they’ve had 9 viewings in total (2 of them were us). They said £335k twice to us over a two week period so what could they possibly have to think about once we meet that figure.
If someone has offered more, fair enough, we lose out, but at least put us out of our misery!

OP posts:
PropertyLookout · 02/01/2025 22:51

WithManyTot · 02/01/2025 19:16

It's not unreasonable, if you spotted it had been on for a while and they might now be open to offers you probably weren't the only person who came to that conclusion.

Time going by is a killer of deals. Once you are in the landing zone, less that the maximum price you are prepared to pay, but also more that the minimum price they want to sell for, delay, for example by haggling back and forth for the last few hundred pounds just runs the risk that someone else will come on the scene. Better to close the deal quickly, with everyone happy, and move on..

You’re right, we could have had this wrapped up weeks ago. Big lesson learnt if we’re ever in a similar situation.

OP posts:
UnderTheStairs51 · 03/01/2025 05:06

PropertyLookout · 02/01/2025 18:54

It wasn’t the dream home, it definitely had potential to be though. We had been back and forth so many times between ourselves on it, should we, shouldn’t we. Because it needed some work we knew it’d be eating a big chunk of our disposable income for the next 5-7 years at least and there’d have to be sacrifices with holiday spends etc. We decided £330k was the absolute maximum for this particular property so pushing ourselves to £335k was already a big deal.

I believe it was a sign from the universe saying this is not the one. Feeling very deflated now though as I’d already mentally been living there lol, especially having been told £335k was the magic number!

An extra £5k might not be a lot to some but to us that’s 2 years worth of overpayments we’ve been working hard to pump into our current mortgage.

What's meant for you won't go past you, as my granny would say.

If you'd really wanted it you wouldn't have agonised over 5k.

It was the head and not heart option. Now is the time for new properties coming onto market so keep going.

Twiglets1 · 03/01/2025 06:56

PropertyLookout · 02/01/2025 22:51

You’re right, we could have had this wrapped up weeks ago. Big lesson learnt if we’re ever in a similar situation.

You’ve learnt a valuable lesson to move fast with the negotiations if you find yourself in a similar situation. Other houses always come along & I agree with the person who said if you loved this house you would have moved faster instead of all the procrastination. Maybe you just didn’t quite love it enough but there will be more houses coming to market over the next few weeks & months & it’s likely you will see something you prefer.

RachelCarew · 03/01/2025 07:13

I’d take the other offer in the seller’s shoes tbf. I’d struggle to take your ever increasing offers seriously as a buyer and wonder what I was letting myself in for further down the timeline.

Roselilly36 · 03/01/2025 07:22

If it is meant to be yours it will be, I know of a couple in a very similar situation they were really disappointed when the property they wanted went under offer, a few weeks down the line the original buyer (developer) pulled out and they had their (lower) offer accepted, they have now moved in.

I can only assume you weren’t entirely sure about the house and that led to the delays you made with the offer, in the meantime keep looking and you might find something much nicer for your money.

Good luck.

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