OMG - the stress

pawpurrs

How have you got on today?

oldone_2

GDB2222 wrote: »

could somebody please explain to me why you would leave an offer on the table?

It is the psychology of selling. If you wanted to buy something lower than the seller expects, by waving twenty pound notes under their nose, it increases the chance of the seller accepting.

Hence leaving an offer on the table is akin to waving actual cash in the air, so to speak.;)

Conrad

Geordie you say it's the perfect pad, so I'm a little dumbfounded.

When we found our home a few years back, £10k was neither here nor there in the great scheme. It's £1.09 per day over 25 years.

I'm not saying this to be provocative, I've always been bemused by people that will walk away from an ideal home purchase when it boils down to £1.00 per day - you could save that back by installing energy efficient measures or seek a £1 per day pay rise at some point.

You may not be guilty of this, but I have to say I do see some very stUbborn sellers and buyers that let thier vanity get in the way of deal.

No offence intended, sorry if it seems a bit spikey!

mitchellst3ve

Very interesting thread this one as it really gives an insight into the buying process. I personally get enough info on this situation as it's so important. Good luck!

ukcarper

Conrad wrote: »

Geordie you say it's the perfect pad, so I'm a little dumbfounded.

When we found our home a few years back, £10k was neither here nor there in the great scheme. It's £1.09 per day over 25 years.

I'm not saying this to be provocative, I've always been bemused by people that will walk away from an ideal home purchase when it boils down to £1.00 per day - you could save that back by installing energy efficient measures or seek a £1 per day pay rise at some point.

You may not be guilty of this, but I have to say I do see some very stUbborn sellers and buyers that let thier vanity get in the way of deal.

No offence intended, sorry if it seems a bit spikey!

It’s not quite as simple as that as you might not be able to raise the extra money. But I agree people seem obsessed by trying to save a few thousand when it can be very difficult to find a house you really like. I suppose if you are looking for your second or third house to make your home for a long time you might be fussier than a FTB. But buying a house is not like buying a TV and if you miss one it might take a long time to find another.

DAB1209

ukcarper wrote: »

It’s not quite as simple as that as you might not be able to raise the extra money. But I agree people seem obsessed by trying to save a few thousand when it can be very difficult to find a house you really like. I suppose if you are looking for your second or third house to make your home for a long time you might be fussier than a FTB. But buying a house is not like buying a TV and if you miss one it might take a long time to find another.

Sound advice,we spent all last week haggling to get price down,ended up 3k below asking price when we just decided to give in.We decided if we lost the house for 3 grand we would have stood to lose a lot more.

Sparkkee

Conrad wrote: »

Geordie you say it's the perfect pad, so I'm a little dumbfounded.

When we found our home a few years back, £10k was neither here nor there in the great scheme. It's £1.09 per day over 25 years.

I'm not saying this to be provocative, I've always been bemused by people that will walk away from an ideal home purchase when it boils down to £1.00 per day - you could save that back by installing energy efficient measures or seek a £1 per day pay rise at some point.

It is only £1.09 per day, but if your mortgage deal requires a 25% deposit, each extra £10,000 you add onto the price means you have to find another £2,500 up front. Not an easy thing to do for most people!

JayZed

Conrad, I think you're right up to a point, if you really have found the perfect home, then it's not worth losing it over a couple of grand. On the other hand, you have to set yourself some limits, and be careful not to end up paying considerably more than you need to because you're letting your heart rule your head.

GDB, if you really want a property and are willing to pay £X for it, why would you not leave that offer on the table? You have everything to gain (getting the property you want at a price you're prepared to pay) and nothing to lose.

FireworkCrazy

geordiepaul2001 wrote: »

Increased offer refused as the vendor has spoken to wife and daughters who think she is selling too cheaply :mad:

Oh well, you will be able to go back in six months and offer them 90k when it hasnt sold.

geordiepaul2001

Just a quick note to thank everyone for their input on this thread. The Agent called the seller the next morning and asked her if she wanted to reject my offer in the current market. The seller has agreed to accept £115,000 - which I have agreed to meet.

They have also agreed to fixtures and fittings and taking the home off the market.
Now the worry of not getting the house is replaced by the worry of a 30 year mortgage and lots of paperwork.