Offers above...but how much?

st3w4rt

Thanks for the resposes unfortunatley I didn't get to read the last two until I'd made the offer

But...

I was just about to write in and say we offered £130150 and it got rejected....but as I was logging in my phone rang. It was only the estate agent telling us that our offer had in fact been accepted :)

Just looked up the house again online and it's still listed as being at £144,950.

Feeling chuffed and very grown up all of a sudden

Doctor_Gloom

st3w4rt wrote: »

The property is listed on the market as offers over £130,000 as of the weekend.

Vendors who list their properties as "offers over..." are invariably idiots and/or timewasters. I'd move on to the next property if I were you.

Doctor_Gloom

st3w4rt wrote: »

I was just about to write in and say we offered £130150 and it got rejected....but as I was logging in my phone rang. It was only the estate agent telling us that our offer had in fact been accepted :)

Just looked up the house again online and it's still listed as being at £144,950.

Feeling chuffed and very grown up all of a sudden

You've been taken for an absolute mug. Your first offer was accepted therefore you paid too much. You've been hoodwinked and fooled by all this "offers over" nonsense. I'll be interested to see how much your mortgage provider thinks the property is really worth....

st3w4rt

ahh well...guess it's too late to make a lower offer.

I'm confused now just had a text from estate agent asking us to bring in passports, recent bank statements and payslips.

We already had mortgage certificate given to us by our broker who told us not to be too ready to show it to estate agents?

What to do?

Doctor_Gloom

st3w4rt wrote: »

ahh well...guess it's too late to make a lower offer.

errr. ...no its' not. You've only made a verbal offer which means nothing.
You sound as though you'd have been delighted to pay £140K if the vendors had been asking for "offers over £140K." I just hope that your mortgage provider will prevent you from paying over the odds, they won't be so cavalier in throwing their money around

st3w4rt

Doctor_Gloom wrote: »

. I'll be interested to see how much your mortgage provider thinks the property is really worth....

She did say that we shouldn't go much higher as it may not be worth much more.

It was initially rejected if that makes me any less of a mug?

st3w4rt

No, I was pleased as initially it had been on the market for 149K and we ended up getting an offer of 19K less than that accepted....

Doctor_Gloom

st3w4rt wrote: »

She did say that we shouldn't go much higher as it may not be worth much more.
?

Has your mortgage provider inspected the property yet?

Doctor_Gloom

st3w4rt wrote: »

No, I was pleased as initially it had been on the market for 149K

That means zilch. So if it had been on the market for £200K you'd have thought you'd have gotten an even better deal then? Asking prices mean nothing. I could put a £100K flat on the market for £500K if I wanted.

st3w4rt

Doctor_Gloom wrote: »

Has your mortgage provider inspected the property yet?

Nope...not yet.