Please help offer rejected and need a way forward

sarahmoo

cheers planemad.... hindsight is a wonderful thing and I was rather too keen when I was showed round I think...damn!

planemad

sarahmoo wrote: »

cheers planemad.... hindsight is a wonderful thing and I was rather too keen when I was showed round I think...damn!

Its a learning curve, Its best to enter the property do the viewing without telling the vendor about yourself or your thoughts on the house.
Keep your thoughts bottled up and show a neutral face.

You may feel rude after the first few times but thats business. Once a transaction is complete you will never normally have reason to speak again.

macgirl

sarahmoo wrote: »

Thanks for such interesting and varied replies !!!!! Lots of advice here....and no I won't grow a pair !! Errrr, this has given me the confidence to 1) wait a bit 2) realise that I prob would go up to about £242k as I do like the property but that's my limit and to give 2 weeks only for it to be on table3) Try and think with my head even though the old heart thing is going on....
How long to wait before putting in the next offer............I certainly wont this week anyway?

Hi Sarahmoo

It is an emotional time but you have to try hard to keep emotions out of it and view it as a business transaction. As others have said only you know the market in your area and how long it's been on for, how keen the vendors are to sell - all these things matter hugely - but it IS a buyers market and the vendors know this.

It IS a game and one for which you must hold your nerve. We are about to complete on a house where our first two offers were rejected. It was our final offer as we couldn't go any higher. Everyone advised us to sit back - that they would come running. It was such a tense and horrid time and I had to accept that it wasn't to be.

Lo and behold a month later they came back to say they would proceed! :T
Doing nothing is the hardest thing to do, but don't be over-eager - the EA will smell it a mile off and advise the vendor to hold out for more.

Assess the situation coldly and proceed with caution. If it's your house - you will get it. Good luck

tawse57

macgirl wrote: »

Hi Sarahmoo

Assess the situation coldly and proceed with caution. If it's your house - you will get it. Good luck

Yes, that is being cold about it. It it is your fluffy wuffy house then you will get it!:rotfl:

Running_Horse

Remember they are probably just as nervous to receive the next offer as you are to make it.

A few days will give them time to think and reflect.

brit1234

I would resubmit your same offer the same 1 day after the Halifax price survey shows yet another drop. Hopefully there will be some good negative news on it on the tele. Use that info with the EA and also them if there are any other properties

sarahmoo

Lots of good advice! Cheers all..... when is the next halifax price survey due?

RedTomato

sarahmoo wrote: »

Lots of good advice! Cheers all..... when is the next halifax price survey due?

Later this week I think..

neil324

tawse57 wrote: »

Yes, I think you should pay more for this house so that the seller can buy her dream house and you keep the EA happy. In fact, offer 50K more than the asking price so that the seller can buy an even better house. Get yourself in bigger and bigger debt so that someone you hardly know can have a better house!

Are you serious?

Grow a pair.

The housing market is on the verge of a giant crash, buyers are virtually non-existent and you have numerous economists warning about a collapse in prices about to happen - so much so that the banks are demanding bigger and bigger deposits before they offer a mortgage.

Grow a pair! Tell them you original offer is your final offer and it will be off the table in 2 weeks. Did I tell you to grow a pair!?

This is not financial advice.

Nice post
:T

undetterred

poppysarah wrote: »

Say it's your best offer and leave it.

Look at others.

Offer 10k less in a months time.

I'm sure this approach works every time,utter rubbish.