Resubmitting an offer

AppleCore

...is it worth trying?

We put in our final offer last week that was refused after 2 days of the vendor's consideration. The EA said that the vendor had not given any clues as to what price he was looking for.

We have now been given a date to exchange on the sale of our house and so will be completely chain free within a matter of weeks. There is still nothing on the market which is suitable except for this house so I was thinking that when we complete maybe I should resubmit the offer in writing stating that we are now chain free and we would like them to reconsider the offer.

I don't want to seem desperate, it it worth a go?

azkaban420

Hi there,

No reason why you can't, you'll be in a much stronger position and can perhaps suggest to the EA that now that you are chain-free you'd like to re-submit your offer, with a view to going and seeing other properties elsewhere if it's not accepted. I.e. hint to them you're offering them a last chance before you walk.....if it took them 2 days to deliberate on your final offer, you may well have been close to what they were looking for, and soon you'll be in a far stronger position as a chain-free buyer.

Failing that, look elsewhere, then contemplate going back with a lower offer a month down the line when it still hasn't sold - that's if you don't find anything else you like even better

Az

myhouse_2

Sounds like a pretty good idea to me. No harm in resubmitting an offer. Although you're not actually chain free until you've sold your own house - plenty of sales fall through.

AppleCore

myhouse wrote: »

Sounds like a pretty good idea to me. No harm in resubmitting an offer. Although you're not actually chain free until you've sold your own house - plenty of sales fall through.

I'm not going to put the offer in til we've completed, at least then we'll have a good few weeks since the last offer so we don't look so desperate. We are but I obviously don't want them to know this:o

sonastin

If its still on the market by the time you've completed, they might be regretting rejecting it by then so re-submitting is worth a go. A higher offer combined with a strong position would seem desperate but an "are you sure you don't want to take this" resubmission certainly isn't.

Do you know how long it has been on the market? If they are relatively new to this selling game, they might still be naive and hopeful. Once a few weeks have passed and they are as sceptical and jaded as the rest of us, your offer might look a whole lot more appealing!

AppleCore

sonastin wrote: »

If its still on the market by the time you've completed, they might be regretting rejecting it by then so re-submitting is worth a go. A higher offer combined with a strong position would seem desperate but an "are you sure you don't want to take this" resubmission certainly isn't.

Do you know how long it has been on the market? If they are relatively new to this selling game, they might still be naive and hopeful. Once a few weeks have passed and they are as sceptical and jaded as the rest of us, your offer might look a whole lot more appealing!

The house has been on for nearly 2 months now. Its a bit of a complicated situation involving a divorce and I get the impression that the Mr Vendor doesn't want to sell at all and its the divorce that's forcing the sale.

I'm hoping that Ms Vendor will start to put pressure on soon and they might reconsider our offer.