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  • FIRST POST
    • crae1710
    • By crae1710 4th Jul 17, 5:20 PM
    • 15Posts
    • 1Thanks
    crae1710
    Think I'm being played like a fiddle...
    • #1
    • 4th Jul 17, 5:20 PM
    Think I'm being played like a fiddle... 4th Jul 17 at 5:20 PM
    Hi guys my partner and I have just put an offer in of 129000 for a house valued at 135000 at our brokers suggestion. This was to give us plenty of room to go closer to the asking price. The selling estate agent called an hour later to say the sellers have decided to put it to an early close this friday at 3pm in order to give all parties a fair chance. They then went on to tell me a couple had viewed at the weekend and expressed interest but haven't been contactable since and thats the only other interested party! My broker thinks they are coming it to scare me into upping my offer. Anybody got any similar experiences? We really don't want to miss out on the house but don't want to jump 6000 if nobody else is actually interested!
Page 1
    • Guest101
    • By Guest101 4th Jul 17, 5:24 PM
    • 14,475 Posts
    • 14,126 Thanks
    Guest101
    • #2
    • 4th Jul 17, 5:24 PM
    • #2
    • 4th Jul 17, 5:24 PM
    You realise this is all rubbish yes?


    Until you exchange contracts (in 3-5 months) either party can change their offer, accept new offers or simply withdraw
    • dares_uk
    • By dares_uk 4th Jul 17, 5:25 PM
    • 37 Posts
    • 12 Thanks
    dares_uk
    • #3
    • 4th Jul 17, 5:25 PM
    • #3
    • 4th Jul 17, 5:25 PM
    tll the EA that's obviously the other people are not interested if they have not put an offer in and are not contactable. What is the answer on your offer now ?
    Have they confirmed your offer in writing to you ?
    EA are a pain in the !!!!.


    or you could go back and ask them to up your offer to 130k, but you want an answer, if the answer is no ask them to counter an offer they would accept, as you want to get moving...
    • crae1710
    • By crae1710 4th Jul 17, 6:06 PM
    • 15 Posts
    • 1 Thanks
    crae1710
    • #4
    • 4th Jul 17, 6:06 PM
    • #4
    • 4th Jul 17, 6:06 PM
    It was a verbal telephone offer. They didn't say it was refused as such just told me to put my final offer in writing and it would be a sealed bid until 3 on friday to give this other party a chance to show interest? Seems very strange to assumr they are going to make an offer if they've not been in contact since the viewing or even asked to look at the home report! Also they are refusing to take offers before the 3pm deadline on Friday as I asked if I increased my offer now would it make a difference.
    • -taff
    • By -taff 4th Jul 17, 7:50 PM
    • 7,207 Posts
    • 4,616 Thanks
    -taff
    • #5
    • 4th Jul 17, 7:50 PM
    • #5
    • 4th Jul 17, 7:50 PM
    Are you in Scotland?
    • crae1710
    • By crae1710 4th Jul 17, 8:27 PM
    • 15 Posts
    • 1 Thanks
    crae1710
    • #6
    • 4th Jul 17, 8:27 PM
    • #6
    • 4th Jul 17, 8:27 PM
    Yes we are in Scotland Taff
    • jennifernil
    • By jennifernil 4th Jul 17, 8:57 PM
    • 4,988 Posts
    • 2,070 Thanks
    jennifernil
    • #7
    • 4th Jul 17, 8:57 PM
    • #7
    • 4th Jul 17, 8:57 PM
    A closing date and sealed bids is common, you have no way of knowing whether this other couple are interested,but your solicitor may be able to find out if anyone else has registered an interest.

    Failing this, submit an offer for what you are willing to pay, and hope for the best.

    I would however think that it would only normally go to a closing date if there are several interested parties. However, the vendors may just be trying it on.

    Good luck!
    • bevvy
    • By bevvy 4th Jul 17, 9:14 PM
    • 439 Posts
    • 242 Thanks
    bevvy
    • #8
    • 4th Jul 17, 9:14 PM
    • #8
    • 4th Jul 17, 9:14 PM
    We've just been through this, we originally made a offer but as there had been 1 other note of interest (before we noted our interest) this was put to closing date, I wasn't convinced the other party would be offering as I don't believe they had been back to view, made offer etc but the way I seen it we could afford to make a higher offer and did I want to risk losing the house for the sake of a couple of thousand, the day before closing there was another 4 notes of interest! we upped our offer to an amount we were happy with, if we didn't get house then it wasn't meant to be but at least we knew we had put in our best price, ended up getting house, maybe we were the only bidders and could have got it with our first lower bid but then again maybe it was the higher bid that won us it, we'll never know and I don't care now, was happy with the price we paid but I would have been gutted if we lost out to someone who had offered just over our original lower bid and we knew we could have offered more.
    Depends how much you want the house and how much you can afford, I'd say go with your best bid your happy with, good luck
    • 3mph
    • By 3mph 4th Jul 17, 9:21 PM
    • 158 Posts
    • 173 Thanks
    3mph
    • #9
    • 4th Jul 17, 9:21 PM
    • #9
    • 4th Jul 17, 9:21 PM
    bevvy sums it up well.
    There is no correct price, just what you are happy to pay.
    Doesn't matter whether that is above or below the "market value" whatever that is.
    You have to live with what you paid and got or what you offered and lost.
    • GingerFurball
    • By GingerFurball 4th Jul 17, 11:31 PM
    • 927 Posts
    • 880 Thanks
    GingerFurball
    With a closing date there's no point second guessing yourself - just put in your best offer and keep your fingers crossed!
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    • crae1710
    • By crae1710 5th Jul 17, 8:26 AM
    • 15 Posts
    • 1 Thanks
    crae1710
    Thanks guys. Think we are going to offer the asking price and hope for the best.
    • GingerFurball
    • By GingerFurball 5th Jul 17, 10:44 PM
    • 927 Posts
    • 880 Thanks
    GingerFurball
    Thanks guys. Think we are going to offer the asking price and hope for the best.
    Originally posted by crae1710
    I'd speak to your solicitor for advice and see what they know of the local market but if there's a lot of interest and the seller has set a closing date then from recent experience you'll be very unlikely to get the house for the asking price.

    Where are you looking?
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    • crae1710
    • By crae1710 6th Jul 17, 10:19 PM
    • 15 Posts
    • 1 Thanks
    crae1710
    In dumfries so its not really a fast or competitive market. Thats the thing though they had one other interested party but they haven't been reachable since they viewed. Also we are using the LIFT scheme so aren't allowed to go over the asking price .
    • ScorpiondeRooftrouser
    • By ScorpiondeRooftrouser 6th Jul 17, 11:37 PM
    • 1,695 Posts
    • 2,421 Thanks
    ScorpiondeRooftrouser
    I was under the impression that nearly everything in Scotland sold over the asking price because they set a low asking price and asked for offers over; is this not the case?
    • crae1710
    • By crae1710 7th Jul 17, 9:04 AM
    • 15 Posts
    • 1 Thanks
    crae1710
    About half are offers over, some are fixed price and some are offers around but the majority in this area actually go for under rather than over. The one we offered on is on at its valuation price
    • GingerFurball
    • By GingerFurball 7th Jul 17, 3:46 PM
    • 927 Posts
    • 880 Thanks
    GingerFurball
    I was under the impression that nearly everything in Scotland sold over the asking price because they set a low asking price and asked for offers over; is this not the case?
    Originally posted by ScorpiondeRooftrouser
    Some places do.

    I got mine for under the asking price, but the property had been up for 3 months and the vendor was keen to move so was easy to haggle with. Other places I'd missed out on were priced lower but generated a lot of interest and went to closing dates, and given what I bid, probably went for more than what I eventually paid.
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    • bevvy
    • By bevvy 7th Jul 17, 7:35 PM
    • 439 Posts
    • 242 Thanks
    bevvy
    How did you get on, any news?
    • crae1710
    • By crae1710 8th Jul 17, 3:21 PM
    • 15 Posts
    • 1 Thanks
    crae1710
    Hi Bevvy yes we went in at the asking price and had our offer accepted. Soo happy! Now to get through the full mortgage application!
    • bevvy
    • By bevvy 8th Jul 17, 5:01 PM
    • 439 Posts
    • 242 Thanks
    bevvy
    So pleased for you, hope things progress nice and smoothly for you now, our full mortgage application is in process now, it's just a waiting game, worst part is over, they have accepted your offer x
    • crae1710
    • By crae1710 8th Jul 17, 5:41 PM
    • 15 Posts
    • 1 Thanks
    crae1710
    Fingers crossed for us both. I'm hoping ours goes nice and smoothly as we are with natwest and they carried out a hard search at the AIP stage as we went through a broker. Have you been waiting long? x
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