Offer on flat-have I done a silly thing?

kk20

The scottish way is far better. Far fewer worries about spening money on a solicitor and survey only to be told "sorry the other party has accepted a higher offer". Damn gazumping.

MobileSaver

elljay wrote: »

No - you go in with the offer you think the house is worth to you. That's it. ... It's like buying a marsbar, if my chocolate fix is worth 60p I'll pay it, if it isn't I won't buy it. Simple as.

Well again I'm afraid that's just silly as far as I'm concerned.

So your local supermarket has a special offer, "10p off marsbars", but you're going to insist on paying full price because your chocolate fix is worth more?!?!?

elljay wrote: »

The negotiating rulebook should be thrown on the bonfire, ... I don't know why buying houses isn't as straightforward as buying anything else, all this game playing is guaranteed stress for all involved, and I won't be part of it.

That's cutting off your nose to spite your face. If you were in my shoes a few months ago you'd have paid £15,000 more than necessary to buy my house. Simple as.

Negotiating/haggling, whatever you want to call it is the norm in lots of buying situations, not just property. By all means do it your own way and refuse to negotiate, it's your money to waste, but please do remember that you are almost by definition going to be paying more for things than almost everyone else.

pokey128

Update!!! We heard back from the buyers on tues who stated that they would not be increasing their offer and had seen another flat on our street they were considering offering on instead. On wed morning I got an email from the selling solicitors of the other flat on our street stating that they were reducing their price to £200k so I called our agents and asked them to contact the buyers to see if they wanted to resubmit the original offer in writing and yesterday they did! Very excited. A couple of slight amendments to the offer ( they wanted a move in date of18 nov which is a bit soon for us) but it's all go now! Just need to find a house to buy now!
Thanks everyone for your help x

Gromitt

MobileSaver wrote: »

So your local supermarket has a special offer, "10p off marsbars", but you're going to insist on paying full price because your chocolate fix is worth more?!?!?

In that case, the asking price would be 50p, not 60p. Perhaps if there was only one left and someone else had already picked it up you would offer more.

What would be fun is walking into a shop and saying "You have mars bars on sale for 60p. I'll give 50p, no more. Thats what its worth to me.". I pretty much guarantee you'll get rejected.

But houses, I sometimes feels that an off of 10K below asking price could be considered insulting to the vendor, so I offer more and then find out the 1st offer is immediately accepted. Then I think, I could have possibly got it for less and have nightmares of how much I'm overpaying by and of course you can't reduce your price afterwards!

Then again, I've also had an estate agent question my offer and refuse to pass it onto the vendor. I stated 10K off the price for a £150,000 house and was told "You do realise the price it is on the market for, right?" followed by "We will not be stating your offer to the vendor as it wouldn't be accepted anyway". The property in question is now on the market for LESS than I offered!

dippy

Gromitt wrote: »

In that case, the asking price would be 50p, not 60p. Perhaps if there was only one left and someone else had already picked it up you would offer more.

What would be fun is walking into a shop and saying "You have mars bars on sale for 60p. I'll give 50p, no more. Thats what its worth to me.". I pretty much guarantee you'll get rejected.

You should have been there when Woolies was closing down then. A fried of mine put 2 dvds on the counter, worth ~£25, and said "£10 all in". He was then chuckling about the bargain he's just had.

The next woman in the queue brought in a £150 DAB mini hifi and said "£10". The girl at the counter said ... "OK"!!!! :T

Moral of the story, if you don't ask, you don't get .... :rotfl:

mcc100

pokey128 wrote: »

Update!!! We heard back from the buyers on tues who stated that they would not be increasing their offer and had seen another flat on our street they were considering offering on instead. On wed morning I got an email from the selling solicitors of the other flat on our street stating that they were reducing their price to £200k so I called our agents and asked them to contact the buyers to see if they wanted to resubmit the original offer in writing and yesterday they did! Very excited. A couple of slight amendments to the offer ( they wanted a move in date of18 nov which is a bit soon for us) but it's all go now! Just need to find a house to buy now!
Thanks everyone for your help x

Am I missing something here ..... why would the selling solicitors of the other flat email you ?

Gromitt

dippy wrote: »

You should have been there when Woolies was closing down then. A fried of mine put 2 dvds on the counter, worth ~£25, and said "£10 all in". He was then chuckling about the bargain he's just had.

I think thats rather the exception than the rule. On the last day of closing down they would have probably accepted £5.

pokey128

mcc100 wrote: »

Am I missing something here ..... why would the selling solicitors of the other flat email you ?

Sorry, I meant they emailed their database of people who signed up to their website. I'm assuming they email went to several hundred people!