opinions

mrsftb

hello all my first post!
we have just had our first offer of 150k rejected. property on for 164k. what would you offer next and when? how long should we wait? i don't want to seem too keen...thanks

motherofstudents

welcome Have you looked at any sold prices for similar properties ? Do you have a figure in mind that it is worth to you ? Maybe go up by £2k and hope for the vendors to come back with a price they are willing to accept. Don't rush, let them wait a bit. They might accept a slightly higher offer or give you the price they want then it's up to you to decide if it's worth it to you. Good luck

mrsftb

Hi, yeh the properties have sold for less, more in line of our asking price. there are a couple of other properties in area for sale, both cheaper than this one. we have a figure in mind that we wont go over, but its really when we put in next offer?!

pararct

How long has this house been on the market? What is the sellers position do then need to sell quickly. What of you, do you need to move quickly? All are relevant as to what you do next.
What many will tell you at this stage is to expect the agent to come back to you in a day or two explaining there has been a counter offer and they will want you to beat it. All poppycock of course.

Personally if you are in no rush I would continue to look at other houses (including through this existing agent) and maybe go back in a fortnight or so with a £152,000 offer, but that would depend on a lot of things.

In the meantime look on nethouseprices (or other) see what similar sized properties in that locality have (recently) sold for.

Don't forget this is 100% a buyers market... You will be calling the shots don't let that agent try and bamboozle you otherwise..

martinthebandit

In my opinion -

Too soon - equals too keen

Too long - equals 'cannot find anything else that they like'

So if I had an offer rejected today or yesterday I would put my next offer in on Monday

But thats just me

Orpheo

My next offer would be £130K.

mrsftb

yes i thought monday would be a good time. we know the sellers would like to sell quickly and the house has been on and off the market for two years now. we do not need to move, but feel that now is a good time to try and buy finally.

£130k ? is that meant to be helpful?! i dont understand

Skint_Catt

If you want to offer again then I'd go halfway between what's been rejected and your maximum price. They may just reject again, or they may say what they're actually holding out for.

It all depends really how much you want the house.

C xx

Matt1977

I would stick firm with the £150k offer if that is what similar properties have sold for.

shisslemopp

Have you asked the vendors agent what they might accept? It worked for us after 2 rejections.

mrsftb

i was thinking of asking if the next offer is rejected. many thanks for your advised all