What to do...

leandygandy

Edited to protect privacy of subject of post

Thanks for all the help guys, much appreciated

marlasinger

I would stick with the original offer. £2,500 isn't worth additional hassle, IMO. If the second viewer was so keen, she (or her father) should have put in an offer straight away - not wait 3 weeks. Sounds to me like a case of 'I can't have it, so now I want it.'

leandygandy

Edited to protect privacy of subject of post

Thanks for all the help guys, much appreciated

PasturesNew

Always stick with your first buyer, just tell the 2nd they're on the list.

G_M

Just to play devil's advocate, how ould you feel if the rich dude came to see it and offerred £98K, knowing you have already accepted a lower offer?

And then the original buyer's survey comes back and they reduce their offer to £90K?

leandygandy

G_M wrote: »

Just to play devil's advocate, how ould you feel if the rich dude came to see it and offerred £98K, knowing you have already accepted a lower offer?

And then the original buyer's survey comes back and they reduce their offer to £90K?

I hadn't really thought about it.

Honestly, I don't feel £2500 is enough to screw someone over. In the circumstances you have put forward, we're talking a significant difference in price (£8k) so I think a little more thought would be required.

Also, I would feel less like I was moving the goalposts if our buyer had made a revised offer first...

ETA : We could accept his offer only for him to reduce it on receipt of a survey too.....iit's riskby business, this property malarky

tizerbelle

Personally I would stick with the first offer. I know this, cos that's what I did and for the same difference in offers. Again the 2nd offer came from someone who had had plenty of time to put an offer in before the first one came through. As soon as the EA called me about the 2nd offer, I didn't hesitate to say "No, I'm sticking with the first offer however if there should be a problem and the buyer can't proceed we would call them first before re-marketing." Did I ever doubt my decision? Nope. Did I feel £2500 poorer when I completed? Nope. Stick with your gut instincts and the first offer.

Batchy

only you know what is the right thing to do...
Personally 2500 is a lot of money, if my vendor did it to me, I wouldnt be happy at all!
I have not been shelling out money and effort and time to buy this house for nothing! Forget about Karma, think about vengence!
If I was outbid, thats different, but if id spent money i'd appreciate an offer of compensation for out of pocket costs. Ie, if your getting an extra 2500, then offer 500 to cover the initial costs!

pinkshoes

How many other properties has this other buyer seen with perhaps other EAs? I mean, is her dad going to fly over just to see ONE property?

sonastin

Take the morals out of it. Forget Karma. Do you want to gamble a (fairly) certain £92.5k for a possible £2.5k more?

If the 2nd buyer had actually put an offer in, it might be a different decision. If the 2nd buyer had actually let your EA know that he was seriously considering an offer but couldn't get there to view it until XX date before you had received the first offer, it might be a different decision. Even if he'd found out it was off the market when he was calling to arrange to view it because he'd actually decided to book some flights, it might be a different decision but at this stage he has shown no signs of intending to buy it.

I'd go with the money that is on the table and forget the guy who appears to be all talk...

vet8

We accepted an offer that was 15K below another one, as the 2nd buyer was ready to proceed. Then, when the first offerer was told this, he offered another 15K, so the offer we accepted was 30K less. I hope this makes sense!

My OH was not happy, but I said this buyer has sold their house and is ready to go, the other guy has not even put his house on the market after 7 weeks of dithering. You have to go with someone who is ready, especially as house prices are said to be falling. You cannot afford to faff around.