Does anyone find this house-buying business is worse than dating?!!?

shortchanged_2

I would say if it's been on for nearly a year and they are not taking reasonable offers they are not really desperate to sell and are probably holding out for the asking price which won't materialise.

And anyway if they wanted the asking price why aren't the EA's either advertising it as NO OFFERS or OFFERS OVER?

skypie123_2

shortchanged wrote: »

I would say if it's been on for nearly a year and they are not taking reasonable offers they are not really desperate to sell and are probably holding out for the asking price which won't materialise.

And anyway if they wanted the asking price why aren't the EA's either advertising it as NO OFFERS or OFFERS OVER?

Thats what I thought too. Why do people bother to put their house on the market if they don't want to sell it? They have already had to drop it by 10k so I do understand they probably want the asking price (don't we all when selling) but I don't think 240 is unreasonable at all.

skypie123_2

Another update: just got a letter from EA confirming the refusal of our second offer. This time though the letter says they would be 'very pleased to submit a revised bid if we wish to make an increased offer'. I bet they would...
What now then? Do we wait to hear from them again?

nollag2006

Hold off for a few days, and wait for the EA to contact you rather than you ring him. When he does, emphasise that this was your best and final offer, and could he please let you know when and if similar properties come up as you are keen to look for something similar.

The market round my way is rebounding strongly following the post-election wobble, but even in a rising market - a proceedable (sp?) buyer, like you are, is worth their weight in gold.

Good luck with it, and I hope you find something good to buy soon

skypie123_2

Thanks Nollag. My OH did tell the EA yesterday when they phoned to say they were refusing that we would be looking at other properties now and that our offer was reasonable and our best offer.
Keep everything crossed that the vendors have a change of heart!

shortchanged_2

skypie123 wrote: »

Thanks Nollag. My OH did tell the EA yesterday when they phoned to say they were refusing that we would be looking at other properties now and that our offer was reasonable and our best offer.
Keep everything crossed that the vendors have a change of heart!

Buying a house is often similar to a game of poker. It depends on who has the nerve to hold out longest. Don't forget though there is a biased person in the middle who is acting for the vendor called the estate agent.

Eric1

skypie123 wrote: »

Eric - but surely they will try? What I mean is don't you think we will hear from their EA again?

The EA must be fed up with them by now, being unable to drop their expectations.
I'd wait another week or so and show them a real rival, a similar house you like.