What to offer?

lianne1978

Sorry for the long post! A little help needed please.

We went to view a property about 2 weeks ago which we liked the look of but was out of our price range on at O.I.R.O 175k. However, it had been on for 10 mths with no offers so decided to go and have a look. The vendor said they had seen a property that was still on the market but if that went they would stay in the house. Anyway we decided to make an offer of around 150k but EA said it might be too low and would speak with them and see what they were prepared to take. EA came back and said they wouldn't take less than 170k, so we left it. Today their EAs have rung us to say that they have seen a property they don't want to lose and are basically open to offers from us if we are still interested. I asked in what region and the EA said they didn't specify. So, I am thinking have they seen another property they want or is the property they were after got another buyer? We have accepted an offer on our property to FTB so we are in a position to go. Basically we can't afford to go beyond 160k but ideally don't want to pay more than 155k. I think its overpriced anyway but how can we play clever and get the house? Thanks in advance.

BusyLizzie_3

What about just putting forward your original offer of £150K again? The vendor's circumstances have changed since you first offered it, and they may be more likely to accept it than previously. The worst that can happen is that your offer is rejected, in which case you could either walk away or decide to put in a higher offer.

Good luck!

Lorna

spunkeyrich

I agree with busylizzie, they obviouslt know that your willing to go to 150k so therefore why would they contact you if they thought they couldnt get a decent agreement, re offer 150k and see what they say then take it from thier.

Bit of advice, when you put the offer in they will probably ask if thats your highest price and could you go up a bit more. At this point be firm and say nope as the mortgage company wont lend you any more based on your deposit, or whatever you want, but just dont indicate you will as they will use that infomation to pass onto the owner. also say you are viewing other homes and act casual about it, as if your doing them a favour by considering the home again.

rich

MJMum

I agree. Although they will almost certainly not take your first offer, so you may want to think about coming in slightly below £150k to start with and let them negotiate you upwards. After all, you have still been looking in the meantime, and seen some other interesting property, right

lianne1978

...bump...

thehairybuilder

Buzylizzie is exactly right . Simply put in your previous offer of £150 and , as spukeyrich says , let the agent be aware that it`s the highest you are willing to offer .

Speaking from experience when we sold our last house we got to the stage where we had to sell , similar to your sellers I`d guess , and would happily have accepted any previous offer which we had initially rejected .

Try a re-offer at £150k and guage the reaction .

Personally I would not offer anything lower as the seller may well think you are simply taking the mick or not seriously interested .