Offer rejected :-(

Errata

If you're cash buyers with £315K rattling around in your pocket, I would have thought another £5k was peanuts. Depends on how much you want the house.

Fly_Baby

alx2010 wrote: »

Well we knew that they already have an offer on the table for 305000 so did not want to go in too close to that.
The house sold a few months ago for 325 but the buyer just pulled out so I think our offer was realistic.

1. How do you know that there was an offer of 305K on the table - did the EA tell you that?
2. How do you know that a few months ago it sold for 325K - again, did the EA tell you that?

You do know that neither is necessarily true?

MegaMiniMouse

alx2010 wrote: »

Half of me is thinking they are just being greedy

Dare I suggest that it might be you who is being 'greedy'?

Why don't you set yourself up as one of those 'buy-your-house-quick' operators, and look for a chance to exploit somebody else's misfortune?

MMM

alx2010

MegaMiniMouse wrote: »

Dare I suggest that it might be you who is being 'greedy'?

Why don't you set yourself up as one of those 'buy-your-house-quick' operators, and look for a chance to exploit somebody else's misfortune?

MMM

I hardly think offering just under the asking price is exploitation!
Are you jealous?

alx2010

Fly_Baby wrote: »

1. How do you know that there was an offer of 305K on the table - did the EA tell you that?
2. How do you know that a few months ago it sold for 325K - again, did the EA tell you that?

You do know that neither is necessarily true?

No I don't know it's true as you say... The EA could be making it up.

alx2010

Errata wrote: »

If you're cash buyers with £315K rattling around in your pocket, I would have thought another £5k was peanuts. Depends on how much you want the house.

It's not peanuts, it's an extra £50 per month on the mortgage.

Errata

alx2010 wrote: »

It's not peanuts, it's an extra £50 per month on the mortgage.

You said you were cash buyers and I took you at your word. Clearly you're not.

harrup

Errata wrote: »

If you're cash buyers with £315K rattling around in your pocket, I would have thought another £5k was peanuts. Depends on how much you want the house.

I'm with Errata here. ALL depends on how much you like and want the house.

Surely it would be unwise to loose out on a home you like AND can afford simply because the vendor won't agree to reduce the price more than you would like?

But if you feel only lukewarm or neutral about the house....tell the EA that was your best and only offer which is on the table until ( insert time frame).

harrup

MegaMiniMouse wrote: »

Dare I suggest that it might be you who is being 'greedy'?

Why don't you set yourself up as one of those 'buy-your-house-quick' operators, and look for a chance to exploit somebody else's misfortune?

MMM

Excuse me?

HOW is it alx2010's responsibility to offer what the vendors want or need.

HOW is trying to negotiate the best price when purchasing something equivalent to "greed"? Bizarre premise.

And who mentioned anything about the sellers "misfortune"?

greggymagic

Obviously it's up to how much you want the house but why not phone up estate agent and say you're going to give it one more go and offer 315500/316k? That way you're not using any inflammatory language but the estate agent knows you won't be going any higher. Odds on they'll get the vendor to accept.