How to make offer to buy a house

pizzagirl

Anjalicious wrote: »

hi everyone thanks for the quick responses.

I;ve asked the EA a couple of times to tell me how much the vendors will accept. all he says is he doesn't know a figure, the vendors will negotiate but not at the levels that i have offered.

My only concern is if i wait, there are others who are definitely interested but they are currently in a chain and can't sell their property, that situation might change and I might end up competing against them.

The EA appears to have you dangling on a string.

Anjalicious

Thanks everyone for the advice. I don't think I am 'dangling'. However I do think its difficult to appear 'not too keen' on a house that you have viewed twice and made offers on. Its natural for both the EA and the vendor to interpret that I am very interested in the property and I wouldn't like them to think that my offers were not serious.

Anyway, I challenged the EA again to give me a figure which he did. He feels the vendors would be happy with an offer around 160K.

Lindy_Loo_3

Hi Anjalicious

Hope you get a positive response for the £160k offer.

I agree with you about it being difficult to appear "not too keen" and do think that some agents will do all they can to exploit this to draw out your maximum offer.

We recently had an issue where we were told a house we were interested would be "open to negotiations" on the asking price for the right type of buyer (i.e. FTB etc). We made the mistake of showing the EA our AIP which showed our potential limit as being considerably higher than the price range we were looking at and suddenly we found that the seller would accept no less than the asking price. . . . . simply put we thought it was overvalued and walked away.

I'd put your best and final offer in but make it clear that there is no further wiggle room to go higher. I know it may be hard but be prepared to walk away if they don't want to play ball.

Good luck, let us know what happens