OK, so first bid was rejected...

milliebear00001

but I still really like the house! I bid about 12% under the asking price and the vendor has come back to say no way. Not entirely unexpected but I'm not sure how to play it now. I'd be willing to offer again at about 8% under, which the EA said might be acceptable to them. How long should I wait before submitting a further offer? I don't want it to seem like I have endless amounts of cash (I don't!) or appear too keen.

The EA asked 'what I'd go up to' when I submitted by offer - is that normal!? Surely if I had a price in mind above the offer, I'd have offered it?!

lostinrates

Its a weekend....I'd le them sit on your -8% offer.

I have the courage of my conviction, I did just this a few weeks ago.

nembot

Let them stew and spend time looking for a similar property where the vendor actually wants to sell.

Bullfighter

Remember, the EA is working for the vendor.

Procrastinator333

milliebear00001 wrote: »

The EA asked 'what I'd go up to' when I submitted by offer - is that normal!?

I'm sure it is normal for them to ask - but remember they work for the seller and get commission.

So if you say them, well, offer £150k, see what they say, but at a push I would stretch to £155k.

They will then come back and either accept the £155k or say no. The £150k will quickly be forgotten.

I would present every offer as a final offer, but that is just me.

milliebear00001

lostinrates wrote: »

Its a weekend....I'd le them sit on your -8% offer.

I have the courage of my conviction, I did just this a few weeks ago.

I haven't offered anything further yet. Just left it that they'd rejected my -12% offer. Do you think I should offer at -8% now, or wait a bit? How did your bid turn out?

milliebear00001

Procrastinator333 wrote: »

I'm sure it is normal for them to ask - but remember they work for the seller and get commission.

So if you say them, well, offer £150k, see what they say, but at a push I would stretch to £155k.

They will then come back and either accept the £155k or say no. The £150k will quickly be forgotten.

I would present every offer as a final offer, but that is just me.

That was exactly my thinking. I just told her that 'for now, that is my full and final offer'. Why would I tell her anything else!

[Deleted User]

offer 8% below then 3 days before completion get them to knock the other 4% off,naughty but nice !

tabskitten

woodbine wrote: »

offer 8% below then 3 days before completion get them to knock the other 4% off,naughty but nice !

Are you serious?!!:eek:

Nasty nasty!!

C_Mababejive

Wait for the EA to say that there is another couple interested in the property also....yawn....

Leave it to cook for a week or so and have no further contact.

Look at other properties.