Is this normal vendor behaviour?

BeardedDez

jjlandlord wrote: »

OP made a first offer 10+% below asking price. Why should seller think that this was his best offer?
Why would a potential buyer make a single offer and walk away if it is rejected?

We have had this ourselves. If the EA suggests there will be no negotiation possible and the OP doesn't wish to offer the asking price then the only clear path is to walk away.

I offered on a property and was given the impression that, as they had just reduced price, they were not willing to negotiate.

We went to see another property which I would happily have offered on but OH had reservations. If we had started negotiations we would have gone with that one. Now the original EA has suggested a price that is in our range, which I expected would happen as we didn't come back with a return offer based on what I was told by EA.

It can be a game and waiting can often bring results especially when the vendor realises they may lose a buyer.

taxsaver

Sure, it's a game; but on this occasion the vendor/EA played it wrong and lost!

Rikki

KateLiana27 wrote: »

Is this normal behaviour or is the vendor out of line?

Could this just be the estate agent asking the questions?
Working out where they went wrong, lost potential buyers and the sellers commission.

angelsmomma

I offered £110,000 on £115,000 property a couple of years ago. The vendor said no they wanted the asking price so I walked away.

Two weeks later EA phoned to say they would accept my offer, I then said I didn't want to buy it at all now thank you, I am looking at putting in an offer on another property at a lower price but just as nice.

The EA phoned me the next day to ask me what I thought it was worth and I said no more than £106,000. He said he accepted my offer. I said it was not an offer I don't want it at all thank you.

Its just a part of the game really.

I noticed that a month after they had it on for rent. It has just come back on at £85,000.

JQ.

Rikki wrote: »

Could this just be the estate agent asking the questions?
Working out where they went wrong, lost potential buyers and the sellers commission.

That crossed my mind as well. Or it could be that the vendor has totally unrealistic expectations and has set the asking price - the EA could be trying to use the OP's feedback to demonstrate that the vendors needs to lower their expectations.

moneybunny123

Seems to me like the first vendors were trying to play a tactical game and it backfired on them! Good luck with House No 2 - fingers crossed it will be a smooth purchase.

ruggedtoast

If they want some feedback on your offer you could just explain to them that you offered what you thought it was worth and they rejected it. I would point out that your actions after that are none of their business.

Gwhiz

taxsaver wrote: »

Sure, it's a game; but on this occasion the vendor/EA played it wrong and lost!

Exactly. If you play a bluffing game, prepare to be called on it

Vendors sould like right plonkers.

OP - just buy the second property and move forward.

InkZ

This is the danger of playing the hard game which they were obviously doing

When I agreed to buy the house I'm buying at the moment, I decided I liked the house so much that I would accept their counter offer rather than risk it selling elsewhere by saying no and waiting a week or two. I know in this market it's not that likely but you never know, it's all a balance and getting a deal where everyone is happy

KateLiana27

Thanks everyone. I'm glad that I wasn't missing something and didn't do anything shockingly unethical in the house-buying world.

Thanks for the good wishes on the new home - we love it and I also hope things go smoothly! If not, we won't be going back to House Number 1, that much is pretty sure