Vendor rejected offer without counter offer

firstaspect

Of any house I've ever put an offer on I've never had a counter offer back from the vendor. I don't expect it really. Work out what your final maximum offer would be and put that in and say it's your final offer.

angrypirate

Give it a week before submitting any further offer. You dont want to appear too keen

zaksmum

mbga9pgf wrote: »

Drop your offer by 5% and tell them its final. Then walk away. I bet in 6 months of no viewings they are biting your arm off for your original offer.

I bet its a pair of greedy old crone baby boomers that are selling.

What are greedy old crone baby boomers?

poppysarah

View other houses.

shortchanged_2

Zaksmum don't forget the EA's are acting on behalf of the vendor, therefore they will play you the best they can.

Surely you have an idea of what is the most you are willing to pay. The majority of first offers are usually rejected. If you are happy to increase a bit, do so, but make it clear this is your final offer. As others have stated it is a buyers market at the moment so lay out your cards and let them decide.

Even in the current climate some sellers are still being unrealistic and sometimes it's not worth the hassle, so be prepared to walk away.

mbga9pgf

zaksmum wrote: »

What are greedy old crone baby boomers?

People between the age of around 50-65 who read this or this.

IronWolf

It sounds like they are being unrealistic and holding out for asking price, no wonder the house has been on the market for so long.

Maybe they are in no hurry to sell though?

I would wait a few weeks, then reoffer at 1% less than you last offer, and say its your final offer. If they reject then just walk away.

holderness

Depends how desperate they are to sell and how realistically they have set the price.

How much is YOUR house worth? If you took it market, what would you price it at? If its 5% above your baseline you are unlikely to take a 10% drop unless you need to move quickly.

End of that day its his house he can accept or decline. Make your offer and move on.

zaksmum

mbga9pgf wrote: »

People between the age of around 50-65 who read this or this.

Oh dear. does that make ME a greedy old crone baby boomer then? Because I'm between those ages:(:(

zaksmum

holderness wrote: »

Depends how desperate they are to sell and how realistically they have set the price.

How much is YOUR house worth? If you took it market, what would you price it at? If its 5% above your baseline you are unlikely to take a 10% drop unless you need to move quickly.

End of that day its his house he can accept or decline. Make your offer and move on.

With my house, I'd be delighted to get and accept 10% below asking price. I think EAs always price too high, especially in the current market...it's not really expected that someone will come along and pay full asking price, is it? Unless the property is competetively priced and in a good area in the first place, in which case there will be loads of interest and the offers will go OVER the asking price.