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Advice needed on how to handle my offer with estate agent?
Wise-Bat
Posts: 17 Forumite
Hi,
After some advice, as it possible looks like me and my partner are very close to closing a sale on a house. (First time buyers, been looking for ages)
The situation is this:
The house is on the Market just under £135,000. We submited first offer of £127,000 and was told later that day its very close to what the vendor wants to get and they are willing to negotiate on that. We left it few days and offered 128,000. later that day we got inform vendor is still wanting that little bit more and they are will agree a sale for 130,000. So again we left it few more days and they phoned us asking if we wanted to increase to agree the sale. We said, will the vendor consider meeting us half way at 129, agent said its certainly worth a tray. He phone us back later that day and said he is waiting on responce to that from vendor and should be able to give us reply the next day (saturday) and he would call us back.
Anyway still no call today (Monday) on what their reply is to that. I know we prob getting a little too excited to see if its yes or no. But at same time we don't want to call the agent and appear over keen, as they might try to push for the 130 from us.
Its been on the market since at least June last year (2009) and the vendors have made no improvement to the property but have keeped it nice. There are also quite a few large trees which over shadow the property. These will need cutting back / down, that the vendor hasn't addressed themselves, so is something we want to budget for.
Should we phone later on in week if still no word and say we want an answer as we want to pursue another property we are interested in or just leave it and hope the estate agent is not trying to pull some tricks?
After some advice, as it possible looks like me and my partner are very close to closing a sale on a house. (First time buyers, been looking for ages)
The situation is this:
The house is on the Market just under £135,000. We submited first offer of £127,000 and was told later that day its very close to what the vendor wants to get and they are willing to negotiate on that. We left it few days and offered 128,000. later that day we got inform vendor is still wanting that little bit more and they are will agree a sale for 130,000. So again we left it few more days and they phoned us asking if we wanted to increase to agree the sale. We said, will the vendor consider meeting us half way at 129, agent said its certainly worth a tray. He phone us back later that day and said he is waiting on responce to that from vendor and should be able to give us reply the next day (saturday) and he would call us back.
Anyway still no call today (Monday) on what their reply is to that. I know we prob getting a little too excited to see if its yes or no. But at same time we don't want to call the agent and appear over keen, as they might try to push for the 130 from us.
Its been on the market since at least June last year (2009) and the vendors have made no improvement to the property but have keeped it nice. There are also quite a few large trees which over shadow the property. These will need cutting back / down, that the vendor hasn't addressed themselves, so is something we want to budget for.
Should we phone later on in week if still no word and say we want an answer as we want to pursue another property we are interested in or just leave it and hope the estate agent is not trying to pull some tricks?
0
Comments
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Stick to you guns. It is too easy to go over your budget. The EA is working for the vendor and trying to get them the best price. Reiterate to the EA why you are the best person to buy this house - no chain, AIP in place(I hope). Remind them it has been on for ages and still not sold. Point out the work that needs to be done. In short politely stand your ground.0
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Sorry to hijack, but I'm in a similarish situation. I've just had two offers rejected and on both occasions the agent has said a) they want closer to the asking price and b) because it's been reduced already.
My thoughts are:
a) that that's a fairly standard line, but when they refused my second offer (95% of asking price) I was hoping for a bit more of a clue to their expectations. Realise they are within their rights to not budge, though.
b) the fact that it has previously been reduced, is a moot point because it had obviously been overvalued, right?
I'm sitting tight until tomorrow, I think. My next offer will be my final one, as it's close to my max. I've got a good deposit and nothing to sell - but I get the feeling my vendor isn't in a rush. Bums
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