on the market now & priced at over top selling price of last year

Greenwellies_2

We don't think they really want to sell.....

They were not offended by our offer, but needed to see what they could get for that figure. They came back to say they rejected our offer as there isn't anything out there at the moment that they like / can afford.

I then upped my offer to almost asking price. Agent is negotiating whether we can be flexible with our timescales to give them 'reasonable' time to move. I've said of course, but what's reasonable?

We do want this house, but now I'm feeling that it's not going to happen

Thanks

GW

pawpurrs

How close to asking? Sounds like they are not that motivated..... Whats the point of being on the market, I realise its difficult if theres nothing they want out there, perhaps they put theirs on the market to get a particular house and this has gone under offer now?
I have a lovely period cottage you can buy, and I will move out for you.

Greenwellies_2

Like your thinking

The problem is we do want that house.
We've seen something else, but it's just a house, nothing spectacular, but clean, tidy, livable and you could move in and be content.
Because it's in budget and not offensive, I've put an offer in as a 'plan B' but I don't know what to do.
The garden is too small on plan B home, it's just on the edge of a rough estate, so there is a lot of grafitti etc about. I don't want to lose it, as it would be a reasonable home, but not the forever home that the cottage would be.

I don't think that I can wait for the cottage sellers to find a place, they had seen a few places, which have now gone. It's the bit about 'reasonable time' that I'm worried about, after all my buyer might not want to wait any longer (they lost a house at the final stage so I suspect that the mortgage offer is close to end)

I think I know how they feel, when we started looking there was loads on the market, and so cheap, when we got a buyer, they'd either gone under offer, or they were reposessions, so we're still being marketed until exchange, which makes the market look different to what it actually is. :mad:
Of course when you then try to book viewings, it's only then that you find there is only about 5 properties avaliable in your price range and location search!

If my offer is accepted on BOTH properties, then I don't know what to do. In my heart I think I'd begin proceedings with plan B, but if the cottage sellers found somewhere then I'd want the cottage, but that'll complicate everything. Oh I really don't know what I'm doing, and I'm not happy about messing people about either.

pawpurrs

Dont buy plan B, it doesnt even sound like you like it, and the area sounds rubbish.
Its too expensive to move to make costly mistakes, and if you feel like that now, it will allways feel like that.
If theres nothing about, considering renting, dont lose your buyers.
What part of the country are you looking in?

MissMoneypenny

Greenwellies wrote: »

The track that this house is on, has a farm on it,

If you haven't lived near a farm before, then there are a few things you might need to be aware of. On a nice warm calm day, they spray the crops and this travels at least half a mile - more on a windy day. It seemed that every time we had a nice day, the farmer sprayed and we had to stay inside and keep all the windows and doors shut.

Harvest can be a bad time too, early starts and late finishes, plus very, very, dusty.

If you ever have fields of peas near you (they rotate the crops) then the peamen will work through the night with the combine harvesters if they have to.

Greenwellies_2

Plan B is just round the corner from where I currently live.... hence why I know the area, and the reason we're moving 'to the country' is because the state of the area around us. It's got worse and worse over the years, and we want to get away before people don't touch it with a barge pole.

I would consider renting, well I am considering it, but it's the upheaval of schooling and that we also have 3 cats to think of too.
(before anyone says why are you woprried about the cats, they are part of the family and not something we'd discard because of the house)

The farm has horses on it (and I think cows, but eldest son said it was horses). I was concerned at 1st that it might be an abattoir (that was from google maps!!) but I don't have any reason to think it's one.
Another thing about harvest time is the little insects, they get disturbed and then end up in picture frames, tv screens etc, seen that before when I stayed on a farm! thankfully, there doesn't appear to be crops, so fingers crossed.

I just spoke to my agent and she said to continue looking for properties, give these people a couple of weeks to find something, and take it from there, not to instruct my solicitor on the purchase of the cottage until the chain is complete, then I won't lose out. I did also ask about my buyers and they're not in a rush so hopefully all is well and that it'll all work out in the end - well I can dream can't I?

Thanks

GW

BettiePage

Why can't the vendors go into rented?

pawpurrs

They obviously dont want to, or they would. Its not for everyone.

QTPie

pawpurrs wrote: »

Dont buy plan B, it doesnt even sound like you like it, and the area sounds rubbish.
Its too expensive to move to make costly mistakes, and if you feel like that now, it will allways feel like that.
If theres nothing about, considering renting, dont lose your buyers.
What part of the country are you looking in?

Agree with this COMPLETELY... especially in the current climate, you don't want to have to sell again in a couple of years (since it will still be a buyers market and you will have to go through the pain and expense again...).

We may be mad, but we concentrated on selling first. There is now VERY little on the market that we are interested in, so we are renting for 6/12 months until we can get what we want... We want the next house to last for 20/30 years - so it needs to be right. Certain things you can compromise on (like modernising and redecorating), but things like location and garden size are not things that you can do anything about after you buy....

Good luck, but don't rush into anything that you are not 100% happy with.
QT

GDB2222

Greenwellies wrote: »

I don't think that I can wait for the cottage sellers to find a place, they had seen a few places, which have now gone. It's the bit about 'reasonable time' that I'm worried about, after all my buyer might not want to wait any longer (they lost a house at the final stage so I suspect that the mortgage offer is close to end)

If you really, really must buy this place, I suggest a delayed completion, ie you exchange contracts now but with a completion date of say end September. That gives your vendors a decent chance to find somewhere else. You do the same with your buyers. Obviously, both the other parties have to agree to play ball, and if they won't I suggest that you walk away. After all, the purpose of this exercise is to move somewhere you want to, not just to sell your house, and Plan B does not sound appropriate.

Have you thought of selling your place and renting for a while?