Are the EA and Vendor just playing games?

sonastin

san09 wrote: »

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.

.

charltonkeston

Leave it a week or 2 and enquire with the agent again and repeat your final offer.
I'd actually do this untill the they either sell the house to me, someone else or i 'd found another house within my buget.

Jeffrey_Shaw

Thanks for drawing to my attention post #1's footnote that The vendor is a builder who took the house as part ex..
It was added only today, after I'd read the post- hence it wasn't there at first.
So V did not build the house. That makes it even more pressing for V to sell it off!

split_second

i had the same situation as the op, i said i had no more money than what i offered and that was that, and left him to sit in his empty house that he didnt want.

he didnt make any more money and paid a few months more mortgage

PJD

I guarentee that this builder wouldnt want to lose you. He's playing the waiting game.. - and so far, - it sounds like he's winning.

Look on rightmove using the firefox add-on propertybee, - property is not selling, - as a buyer, you call the shots. Start viewing other places.. - you never know, something even better might pop up.

I recently brought a place, - I was told that there was a cash buyer who had offered X, - so I offered £3k more, - which, I thought was a fair price.

The seller immediately came back and said that if I up my offer my £5k, we've got a deal.

I didnt come back to him... - I just sat and thought about it for three days. The EA then chased me, - and I genuinely did not want to pay any more for the place, - my first offer, I thought, was all I thought the place was worth, - even though I really did love the place, - I didnt want to be taken for a mug, and always have the feeling that I had been slightly ripped off. So I told him, no, I will not up my offer.

24 hours later, - my offer was accepted.

Fast forward on, - mortage survey comes back stating that the property is worth 13k LESS than what we agreed.

Once again, I stuck to my guns, - told the EA that i would be more than happy to proceed with the 13k reduction, or i'll pull out.

Four days late, - the seller accepted.

san09

The builder is a national one (Morris homes I believe).
It crossed my mind that they would sit on this property until it starts to cost them.
Is i true they have to start paying council tax after 6 months?
Maybe that would be the point they would try to offload it?

oldone_2

Jeffrey_Shaw wrote: »

Thanks for your rant. Now do you agree with my post #14?

No. Totally irrelevant in the context of this thread.

arif50

I was in a similar situation to this recently. After my final offer was rejected I decided to walk away from the property.

The next weekend we found a much better property, in a better area that had just gone on the market that week, and are now buying that.

There can still be a happy ending with you finding somewhere else, or with this vendor (v) coming back to you - but do not wait for them - start looking at others.

DVardysShadow

san09 wrote: »

Thanks.
Think we'll try that then.
Just love this house so much and think it is def 'the one'.
Even the EA thinks the offer should have been accepted so looks like the vendor is just being greedy.

Unless you find a heap more money, that outlook will ensure that the property is always dangled out of your reach. You have to lose that outlook, else you will never find a property.

DVardysShadow

sonastin wrote: »

You seem to be typing that a lot on this forum - can I suggest it might be worth spelling out what you mean in your first post so that people don't need to ask for a translation.

Oh sonastin it's not that hard

If you give P and V too much T than both P and V will want a P.

If you leave the Reversioner, R, out of it , you don't even need the Ideal Gas Equation we covered yesterday ...