We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

How long for offer to be accepted??

Hello All,

I'm a FTB, put in an offer of £174,000 on a house on at £183,950, with the plan of going up on second offer yesterday morning... Been 25 hours now and not heard anything! Going mad here! Do I call EA and harass or sit it out? Do you think it means they are seriously considering it?? How do you not think about it!!

Butterflies! Thanks in advance for any advice :)
The journey of a thousand miles starts with a single step...

:hello:
«1

Comments

  • ceegee
    ceegee Posts: 856 Forumite
    edited 15 November 2011 at 1:01PM
    I would definitely give the EA a ring to find out whether or not the vendors are interested in your offer.

    EAs are a bit waffly generally, but I would also see what other info I could winkle out of them too......are there any other viewings of the house, how keen are they to sell and that sort of thing. Just to get a better picture of the situation.

    :)


    PS Best to get your strength up now.......there's an awful lot of hanging around and waiting when house buying/selling. Most stressful!


    PPS How do people cope? Come on here for support and a good old rant if you need to. There are a fair number of us in the selling/buying boat at the moment so we do understand how you feel!
    :snow_grin"Let it snow, let it snow, let it snow........":snow_grin
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Call them. It's no big deal. They do usually come back pretty fast, unless it's a repo or 'corporate sale', in which case they can take weeks.
    Everything that is supposed to be in heaven is already here on earth.
  • I'd sit it out personally, they may be mulling it over and your eagerness may push them to hold out for a better offer. The EA will have passed the message on, it's up to them to decide how they want to proceed with it. If they accept, they will get back to you.

    In my opinion with these things its all about who twitches first. Your an FTB and unless this house is the one you want at all costs, there are plenty of options on the market, one that you can get at the right price.
  • Doshwaster
    Doshwaster Posts: 6,398 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    jlh7 wrote: »
    Hello All,

    I'm a FTB, put in an offer of £174,000 on a house on at £183,950, with the plan of going up on second offer yesterday morning... Been 25 hours now and not heard anything! Going mad here! Do I call EA and harass or sit it out? Do you think it means they are seriously considering it?? How do you not think about it!!

    Butterflies! Thanks in advance for any advice :)

    I would say a slow reply is a sign that is it being seriously considered. Outright rejections tend to come back immediately.

    A polite call to the EA can't hurt but it's probably a little too soon to get really wound up about it.
  • Yorkie1
    Yorkie1 Posts: 12,604 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I'd leave it until tomorrow. You don't want to appear over-keen, nor to make the sellers feel as though you are pushy.
  • Gromitt
    Gromitt Posts: 5,063 Forumite
    If it's only been 25 hours then wait it out. If it becomes 48 hours, then you might want to give them a ring to ask about the status.

    I've had a rejection before that took over 24 hours. Reason being the estate agent only had a mobile number to contact the vendor on, the call went to voicemail, and the vendor didn't check their voicemail until the following day (or so said the EA)
  • dawyldthing
    dawyldthing Posts: 3,438 Forumite
    it took 2 working days (and a weekend) before my first rejection, overnight for the second
    :T:T :beer: :beer::beer::beer: to the lil one :) :beer::beer::beer:
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    jass_123 wrote: »
    I'm wanting to buy a home and have the money to do so. Meaning no loan process on my part. However after talking to the agent he called back and informed me that there were 2 other parties interested in buying the house.

    Three FTBs competing for one house/flat at £180,000 or so......?

    Now?

    In this market?

    C'mon....
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    googler wrote: »
    Three FTBs competing for one house/flat at £180,000 or so......?

    Now?

    In this market?

    C'mon....

    Three cash buyers at that!

    I'm with you on that one. Tread carefully jass!
    Everything that is supposed to be in heaven is already here on earth.
  • You could find a similar house being sold by the same estate agents and casually call up to arrange a viewing on it. Subtle and it might panic them slightly into thinking you're not desperate for that one, could be worth a shot maybe?
    ~~~~~~~~~~
    If you’re generally healthy and aged between 17 and 65, do something amazing....
    Give blood
    O+ :j
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.