Made an offer

jonewer

Wow. Just made an offer on a place.

Not the first time I have made an offer, but have to say I am so nervous about this one!

Partly I think its because we really like the house, but the asking price is unreasonable, considering what they paid for it in 2007. A big dilemma.

A nervy business indeed!

goldengirl28

Ha Ha..............i completely know how you feel

i made an offer last week, got turned down but the hours waiting for a responce were nerve wracking

good luck

sandraa_2

The worst is to come... when the offer is accepted and bloody enquiries start pilling up problems.

Keep calm for now. ;-)

not_loaded

jonewer wrote: »

Wow. Just made an offer on a place.
Not the first time I have made an offer, but have to say I am so nervous about this one!
Partly I think its because we really like the house, but the asking price is unreasonable, considering what they paid for it in 2007. A big dilemma.
A nervy business indeed!

Anyone who bought in 2007 has a lot of pain to suffer if they’re selling now. They’re probably being optimistic, but the question is how determined are they to get their money back?

If you’re the first person to offer low they may refuse, but if you’re the fifth then they may be coming round to reality. Good luck with it!

jonewer

sandraa wrote: »

The worst is to come... when the offer is accepted and bloody enquiries start pilling up problems.

Keep calm for now. ;-)

I know, half of me wants them to decline the offer to spare me the stress to come! :eek:

Cant I just hide under the bed?

sandraa_2

Tell me about it... I am dealing with DRAINAGE issues at the very moment.... I think I will turn my phone and internet connection off and watch a movie instead. Escaping reality might be a good solution is the short term... especially when there is nothing else to do but wait for other people to speak up! :-)

jonewer

not_loaded wrote: »

Anyone who bought in 2007 has a lot of pain to suffer if they’re selling now. They’re probably being optimistic, but the question is how determined are they to get their money back?

The main issue is that they have done some renovations. Not all of which add value to the property, IMO, some of them detract from it quite a bit!

The problem is, they wont see it that way and certainly wont want to hear it.

I have a suspicion they are in financial difficulty hence the sale of a half-renovated house. That could act for us if they NEED to sell, but against us if they NEED to recoup their spend.

Astara

This is a strange time for buying and selling! I have made offers and then been told that they can't accept that because they would be losing money. I then had an offer accepted but it dragged on because I think they thought they could get more money and then they pulled out. Be careful as this is a tricky market but don't offer more than you want to pay but be prepared to compromise. Hiding under the bed works quite well but developing a thick skin works even better!!

chickenist

jonewer - we're in exactly the same position! still waiting to hear but are the first to make an offer so most likely will be turned down.

good luck!

jonewer

Oh well. Offer declined.

Doozergirl

Shame. Sometimes you just know it's not going to work. If they're deluded, they're deluded. I tend to treat houses like that like they're not really for sale - they aren't really if the price doesn't reflect the market at all.

There will be something better at the right price. Fact.