Making an Offer

Doozergirl

They've accepted it. Why go higher?

You've already got to find a load of extra cash to pay stamp duty, solicitor's fees, arrangement, valuation and surveyors fees. That makes it £127,500 for you already. They'll find the money, they've just played a rather silly hand by accepting your offer before asking for more money.

Just tell them you can't afford it. PLEASE DON'T GIVE THEM ANY MORE!!!!! I know I'm shouting, but please don't. Someone back me up!

mr218

get sentimentality out of it and tell the estate agent that you were originally plannign to buy a house under 120K to avoid paying stamp duty and you liked the house and offered them your absolute maximum you could muster and that is putting a lot of financial strain on you. tell them because of stamp duty you have an extra burden as well and that you empathise with the sellers because that is exactly what you are going through yourself.

my own feeling is that you could have gone a bit lower considering that they accepted immediately. basically they know that they have a decent offer and they dont want to lose it. they would prefer to get 127.5K but this is a tough market. you have offered them a decent amount and do not be swayed by any emotional claptrap. that is all you can afford and considering that there is a second house nearby which you could have bought as well.

make sure that they put it under offer and do not show it to anyone else. Then you can get going to organise a survey etc.

finally congratulations. i hope it all goes well and you are soon ensconced in your new house

Doozergirl

Absolutely. I forgot to say congratulations too :beer:

xela_17

I agree, don't go any higher. It is the vendor's fault that they didn't say this before they accepted. If they can't wait a while for the £127.5 offer, then that's tough.

nmiah786

I also agree that if they have accepted your offer then why should you go any higher at all!!! No point!

Dont want to be cynical but also consider the fact that since the vendors need £127.5k to move and should a higher offer come along soon or the other people suddenly become proceedable (£127.5k move), whats the chances that they will accept that over your!!! A house is only worth how much your willing to pay for it and how much you can afford. Hope that doesnt happen.

Anyway, enough of the cynical bit and the optimist in me say congragulations and well done in getting the offer accepted. :beer:

Jay1b

Well my parents seem to think i should offer £126K :O Because they really like the property. I wouldnt entertain it, but they are lending me a small fortune.