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Next move
daviddavison
Posts: 10 Forumite
Ok, so I made an offer on a house that my self and my wife love. it was lowish. 91% of the asking price.
We were told that the vendor wanted nearer the asking price. and had already rejected an offer of above our offer.
A few days later we offered slightly over the rejected offer. 91.5%ish This was rejected and we said we would call back if we would consider a higher offer. Apparently vendor needs to sell for around 97% to move on.
We then waited for a call back witch came 3 days later. They asked if we would make an improved offer, we said we cant get near 97% so would think about it.
By now were still 10k apart in negotiations.
Waited again and got another call saying that the vendor could come down a little but not half way (94.5%) we went away and came back in the after noon with a slightly improved offer 92%ish
now we have budged by 1.7k. were waiting to hear back.
How many offers normally needed to secure a house? we have made 3 offers. (although only slight movements)
Is it a good sign that they are waiting to get back to us? (there possibly considering coming closer to our offer or they would say no outright)
Many thanks guys.
We were told that the vendor wanted nearer the asking price. and had already rejected an offer of above our offer.
A few days later we offered slightly over the rejected offer. 91.5%ish This was rejected and we said we would call back if we would consider a higher offer. Apparently vendor needs to sell for around 97% to move on.
We then waited for a call back witch came 3 days later. They asked if we would make an improved offer, we said we cant get near 97% so would think about it.
By now were still 10k apart in negotiations.
Waited again and got another call saying that the vendor could come down a little but not half way (94.5%) we went away and came back in the after noon with a slightly improved offer 92%ish
now we have budged by 1.7k. were waiting to hear back.
How many offers normally needed to secure a house? we have made 3 offers. (although only slight movements)
Is it a good sign that they are waiting to get back to us? (there possibly considering coming closer to our offer or they would say no outright)
Many thanks guys.
0
Comments
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You could make 1 or101 offers before an offer is excepted, makes no difference.
yes, It is normally a good sign they are waiting.0 -
I would say it is a good sign. From what I have read on here, and other forums, there appear to be a lot of vendors not willing to negotiate.Grab life by the balls before it grabs you by the neck.0
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Ignore the other offer. They might not have been proceedable, or it might have been 6 months ago. They've obviously stopped offering, so at the moment you're competing against nobody!
If they can't afford to sell, it's not for you to sub them. Would you take out a loan for them without them having to pay you back? Same thing. Do your research as to what things are actually selling for and compare with this. If this is way over, stick to your guns and don't increase your offer.
Of course, if you want it that badly and plan on staying there long term, it's up to you to determine how much it's worth to you.
How long has it been on the market? Any price drops in that time?
Jx2024 wins: *must start comping again!*0
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