Are the EA and Vendor just playing games?

san09

We had our final offer on a house rejected a week ago. (The amount we offered was what the EA told us the vendor required, but the vendor pulled the rug at the last minute and upped the amount he required). The amount we offerered REALLY was all we have.

We pretty much contacted the EA on a weekly basis and upped our offers so they know we love this house.
Do you think they think we have more funds and are just waiting for us to contact them again with another offer as that's what's happened every other time? Have we lost credibility in this respect?

Is it likely they will come back to us seeing as we havn't contacted them and accept our final offer? Has anyone ever had this happen?

We've viewed a couple of other houses since but they just make us love this other one even more!

The house has been up with 2 EA's for 4 months, it's sitting empty and we're the only interested buyers (so far).

Should we sit it out (I know we dont have much choice), and try contact them in a couple weeks with our final offer again?
Are we being too optimistic?

ps. the vendor is a builder who took the house as part ex.

evoke

Sit it out.

Chances are that the EA knew you were really keen on the house and let the sellers know this. Ask the EA for details of other properties and tell him you're not interested anymore. The sellers will accept your last offer.

MacMickster

You have probably given the vendor the impression that you will keep upping your offer.

If you know that this is a construction company part-ex property, do you know which construction company? If so, I would contact them directly explaining your position. If they still say no then at least you have a definitive answer, but this approach worked for a friend of ours, albeit some years ago.

xyellowx

you put your top offer in the seller declined it whats the problem?
you have two options up your offer or walk away
if that was your top offer you only have one option plenty of other houses for sale its a buyers market if your not getting a good deal dont go ahead with it

san09

I know, but just cant forget this one tho.
Just so frustrating that we could just afford it at the price we were advised they would take but then had the rug pulled.
We should just forget about it now but cant help thinking they may come back to us. Why wouldn't they think we'd up the offer as we have done on every other occasion!

little_miss_muppet_face

Sit it out.

If the house is meant for you you will get it.

Whats meant to be is meant to be..

Good Luck xx

casper_g

We were in a similar position. We made an offer, then increased it. The vendors made a counter offer. We agreed to it. Then they said they needed more. We said that wasn't really on. Then a few weeks later we offered to match the amount they wanted again, as there just wasn't anything on the market that offered anything as much for the money. They rejected this again, without any explanation or demand for more money. By now we were very close to their asking price, and three months had passed since we first viewed the house! They took it off the market a few days later. Don't know what their problem was.

I suggest you move on, and start looking for somewhere else. They'll come back to you if they're going to, but don't waste time like we did. We've now found somewhere else, totally different from the property we thought we wanted, but we love it!

mustrum_ridcully

casper_g wrote: »

We were in a similar position. We made an offer, then increased it. The vendors made a counter offer. We agreed to it. Then they said they needed more. We said that wasn't really on. Then a few weeks later we offered to match the amount they wanted again, as there just wasn't anything on the market that offered anything as much for the money. They rejected this again, without any explanation or demand for more money. By now we were very close to their asking price, and three months had passed since we first viewed the house! They took it off the market a few days later. Don't know what their problem was.

I suggest you move on, and start looking for somewhere else. They'll come back to you if they're going to, but don't waste time like we did. We've now found somewhere else, totally different from the property we thought we wanted, but we love it!

Greed?

Tenuous grip on reality?

KRB2725

Arrange to view a couple of cheaper houses with the same estate agent.

san09

Do you think this will make a difference?
Or will they just think they'll get their comission either way?

779

I think it will make a difference.

Don't talk to the EA about this house again. Don't enter into conversation about it. You've made a GOOD offer, in good faith, and they've rejected it. What more can you do?

You'll have to play the waiting game, - when it all goes quiet, and the seller doesn't get his weekly phone call that he's come to accustom to from the EA telling him that you've upped your offer - again, - he'll ask why... - and this time the EA can tell him that you'll looking at other properties!

Houses aren't selling very fast at the moment.. - buyers are few. You hold the purse strings, - chill out and let him sweat a bit.

Just be patient - sit quietly.