Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Offer and EA...

7 replies

Marble10 · 19/01/2025 16:14

House came back to market, as the buyers chain broke. I viewed the house and made an offer (around 7% lower than asking) this was rejected. The next day I increased my offer and was told the other buyers chain is now back together so they are in the picture.
Unsure of what their offer is, potentially think it is the same as mine.

I have scope to increase my offer, obviously I'd rather the lower. Is there any way of wording to the EA that if it is about money, then I can increase?
I am no chain, ready to move, but the EA implied the sellers may want to honour the original buyer? It's been empty a while, whilst it seems logical to sell to a no chain, rather than to one that has already collapsed (and the buyers buyer have a chain too) strange things happen.

Any ways of saying I offer 375 but if needs be , 378. I know EA also wants the higher price for commission.

OP posts:
AwaitingFreedom · 19/01/2025 16:18

The other people will be further advanced than you though. They will have had
the survey done, they will have done the mortgage valuation, they will probably have done the searches and majority of questions. So they will be nearly 3 months ahead already.

Sometimes it's not about the money but how close to the finishing line it all is. Walk away.

RandomUsernameHere · 19/01/2025 16:33

It won't be about the agent's commission, even if they were charging 1% that would only be £30 difference. You seem like the more attractive buyer given you're not in a chain. I'd make it very clear you are able to proceed quickly and have everything lined up and will push for a quick survey etc.

unicornpower · 19/01/2025 16:35

We are in a similar position (the seller) and if faced with this we 100% want to stick with original buyers, they have been lovely from the start and it’s through no fault of theirs that their buyer pulled out and they’ve been really vocal about how much they love our house etc so we definitely would rather keep hold of them if we can. We’ve already signed contracts before their buyer pulled out so they are ready to go. A new buyer has to start the whole process again!

Marble10 · 19/01/2025 17:19

unicornpower · 19/01/2025 16:35

We are in a similar position (the seller) and if faced with this we 100% want to stick with original buyers, they have been lovely from the start and it’s through no fault of theirs that their buyer pulled out and they’ve been really vocal about how much they love our house etc so we definitely would rather keep hold of them if we can. We’ve already signed contracts before their buyer pulled out so they are ready to go. A new buyer has to start the whole process again!

We equally love this house, it's fell through twice now. First time we weren't ready buy then the second time I was in an accident and it truly felt third time lucky for me. It's all up to the vendors 🤞🏼

OP posts:
rainingsnoring · 19/01/2025 17:47

If I were selling, I would stick with the original buyers if they had a good reason for pulling out and had behaved honestly through the process.
Perhaps email the agent and ask them to keep your offer on the table for now until the sellers make a decision about whether they will progress the sale with the original buyers. Make it clear that you have no chain too.

Twiglets1 · 19/01/2025 18:26

The commission is a red herring. The extra commission on an extra 3k will be peanuts. All you can do is ask the EA to pass your offer on but in my opinion, it’s natural that the sellers would prefer to stick with their original buyers if the chain is complete again.

Arlanymor · 19/01/2025 18:30

As @Twiglets1 said, on a purchase of this size then £3k is literally nothing. I imagine they want to honour their original buyers because they know them and things have already progressed to a certain extent. Probably their chain ruptured through no fault of their own and now they are in a position to proceed that’s the preferred option for the vendors, particularly if they have built up a good relationship. So I don’t think this is about money and upping your offer by such a small amount won’t make any difference.

New posts on this thread. Refresh page