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Offer rejected :-(
Comments
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The OP did not offer 10% less, they offered £10K less - surely that's not insulting bad (and I certainly don't think it's greedy!) on an AP of £325K...
I didn't say they had, was referring to:Have to agree that in this market Id have gone in at £30K below at least (assuming they have not already priced aggressively)
Bottom line is the OP has said the area is desirable and not much comes on the market.
They're the buyer so it's their choice, offer what the seller wants or stay in rented but suggesting the buyer is doing a favour to the seller with the information given just isn't the case.0 -
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How is that 'greed'?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'm an FTB:
I've just had a £105,000 offer accepted (yesterday) on a property with a £117,000 AP by being able to pay as soon as the banking system allows for me to seal the mortgage (seeing the broker to finalise it tomorrow, I have a 40% deposit). I first saw this property under two weeks ago.
That's over 10% I've saved on the asking price, by being a "'buy-your-house-quick' operator".
As far as I know, the vendor isn't suffering any 'misfortune' as it's a private sale, not a corporate one*. He just wants shot of the place ASAP because he's moved out and it's draining his wallet.
*I had one of those fall through last month, but I think this property is actually in a better location & more modern.~share and enjoy~0 -
Just curious, how many houses have you bought using this approach?westernpromise wrote: »All of them!
And that is how many exactly?
And how many times have the vendors told you where you can put your offer and refused to sell to you?0 -
The seller is just playing the game, you make an offer, he refuses, you meet him halfway, he accepts, that's the way it works! He'd be foolish to accept your first offer and it's maybe a little naive to think that he would have.Make £25 a day in April £0/£750 (March £584, February £602, January £883.66)
December £361.54, November £322.28, October £288.52, September £374.30, August £223.95, July £71.45, June £251.22, May£119.33, April £236.24, March £106.74, Feb £40.99, Jan £98.54) Total for 2017 - £2,495.100 -
That's over 10% I've saved on the asking price, by being a "'buy-your-house-quick' operator".
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Not to be a kill-joy ( and congratulation on your new home!) but do you think this was due to
a) stellar negotiating abilities on your side?
b) the vendor ( guided by the EA) adding 10% to their envisaged sold price in the first place?0 -
From a sellers point of view:
I've just put my house on the market and at this stage I wouldn't accept and offers under the asking price.
I beleive its on a very reasonable price.
I've been keeping an eye on the maket in my area for the last year so am aware of what houses are going for.
and I'm in no desperate rush to sell.
and if someone came to be with an offer now of say £X which I rejected, and said well take it now or next month it'll be £X - 10... I'd tell the EA not to even bother putting their lower offer to be in a month.0 -
Not to be a kill-joy ( and congratulation on your new home!) but do you think this was due to
a) stellar negotiating abilities on your side?
b) the vendor ( guided by the EA) adding 10% to their envisaged sold price in the first place?
A couple of other properties have come up in the same block (with different agents). They're all in the 115-117 range. I just got lucky because my seller wanted rid ASAP as the property had become a drain on his wallet. The EA almost told us as much:
"the seller previously accepted a substantially lower offer that fell through due too the extra needed for lease extension"*
So we offered "substantially lower". The value to someone not in a rush to sell is actually around the advertised price - it has a new bathroom and kitchen & it's in a great area (Band B council tax for a 1 bed flat! :mad:).
In short I got lucky & had £5000* more cash than the previous person who bid.
*amount needed to extend the lease to 125 years.~share and enjoy~0 -
Id have put your first offer lower.
Next time you offer, make sure to be clear its a "final offer"Faith, hope, charity, these three; but the greatest of these is charity.0
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