keep putting offers?

nat38

Fortheloveofmoney wrote: »

I see. Well I guess if you don't think it's going to happen then it doesn't hurt to have a back up plan. I wouldn't offer on others though unless you are prepared to pull out of the original house.

What have they done to cause your doubts?

Well, actually she hasn't accepted our offer yet hahaha
This is the situation:
The house we're interested in is on for 190k. A house down the road was on for 160k, but this one fits our needs much better, so we put a cheeky offer for 165k. It was rejected and the EA said she prob wanted to get around 180k (she'd accepted 180k previously and the sale didn't go through). We increased it to 170k hoping she'd meet us half way at 175k, but she rejected it again and said she wanted closer to 180k.
We did a bit more research and found out that similar houses sold at 170-180k and that there aren't many on the market at the moment, so we offered 175k, again hoping for some negotiation, but she rejected it and said she now wanted 185k!:mad:
After much discussion, believe it or not, we called the EA again and offered 180k, our very maximum and what she originally said she wanted. This was a week ago, I talked to the EA yesterday and they said she is still 'considering' the offer :think:
Don't know, I have the feeling she actually doesn't want to sell, or we're just being gazumped?
So,in the 'meantime' we obviously keep looking and viewing (2 on Sat), but I was wondering what might happen if I get a call from the agent tomorrow saying that she accepted.

Fortheloveofmoney

nat38 wrote: »

Well, actually she hasn't accepted our offer yet hahaha
This is the situation:
The house we're interested in is on for 190k. A house down the road was on for 160k, but this one fits our needs much better, so we put a cheeky offer for 165k. It was rejected and the EA said she prob wanted to get around 180k (she'd accepted 180k previously and the sale didn't go through). We increased it to 170k hoping she'd meet us half way at 175k, but she rejected it again and said she wanted closer to 180k.
We did a bit more research and found out that similar houses sold at 170-180k and that there aren't many on the market at the moment, so we offered 175k, again hoping for some negotiation, but she rejected it and said she now wanted 185k!:mad:
After much discussion, believe it or not, we called the EA again and offered 180k, our very maximum and what she originally said she wanted. This was a week ago, I talked to the EA yesterday and they said she is still 'considering' the offer :think:
Don't know, I have the feeling she actually doesn't want to sell, or we're just being gazumped?
So,in the 'meantime' we obviously keep looking and viewing (2 on Sat), but I was wondering what might happen if I get a call from the agent tomorrow saying that she accepted.

Ok well this is a different situation altogether. If your offer hasn't been accepted then you should keep looking. If nothing else it will help you make up your mind what the final offer should be on the house you like. It does sound a little like your vendor is pushing you hard.

robatwork

Depends how much you want it. I would have gone to 175 and made it my final offer and stuck to it. She is playing silly !!!!!!s - I would revise your offer back down to 175 again.

nat38

robatwork wrote: »

Depends how much you want it. I would have gone to 175 and made it my final offer and stuck to it. She is playing silly !!!!!!s - I would revise your offer back down to 175 again.

what do you mean?

LandyAndy

Until contracts are exchanged no one is legally bound.

If I was a buyer I might well continue to view (and offer) although this is unlikely unless I was a commercial buyer.

If I was a seller I would allow new viewings, not necessarily to get a better offer but rather as an insurance against my buyer pulling out.

BigAlC

nat38 wrote: »

what do you mean?

This means they are playing you like a prize winning flute player, and getting all the tunes they want from you.

You offered once, rejected and so upped it, and then did the same again, and then did it AGAIN.

They know you want the property so will just keep on asking for more as you are just agreeing to go with it, with little justification.

As suggested you should now go back to the EA and drop your offer to 175k (although I would go lower) and say that's your maximum offer, take it or leave it. Then continue to look at other houses.

You sound like a FTB'er so make sure they know this. All the cards are in your hand and you have no need to make rash decisions when you can keep looking and might find something better.

nat38

BigAlC wrote: »

This means they are playing you like a prize winning flute player, and getting all the tunes they want from you.

You offered once, rejected and so upped it, and then did the same again, and then did it AGAIN.

They know you want the property so will just keep on asking for more as you are just agreeing to go with it, with little justification.

I know...:o feel really stupid about it, but how do you 'play' it if you really want a house? should we have just put one offer for whatever was our maximum?

BigAlC wrote: »

As suggested you should now go back to the EA and drop your offer to 175k (although I would go lower) and say that's your maximum offer, take it or leave it. Then continue to look at other houses.

Sorry,I don't get this. We already offered 175k and she rejected it.
Also, we even upped it so how can we now say it is our maximum?

BigAlC wrote: »

You sound like a FTB'er so make sure they know this.

believe it or not, we are not!:rotfl::o:rotfl:
but we are in a position where we do not have to sell to proceed

BigAlC wrote: »

All the cards are in your hand and you have no need to make rash decisions when you can keep looking and might find something better.

I know, but we've been looking and there's not that much on offer, and the ones that have all what we need are in fact more expensive...

Lovelyjoolz

nat38 wrote: »

I know...:o feel really stupid about it, but how do you 'play' it if you really want a house? should we have just put one offer for whatever was our maximum?

Well yes, you could have done. That's what I did last time I bought a house.

nat38 wrote: »

Sorry,I don't get this. We already offered 175k and she rejected it.
Also, we even upped it so how can we now say it is our maximum?

Say whatever you like, it's your offer and it hasn't yet been accepted! You could tell them that during the past week you have reconsidered and believe the house to be worth no more than £175 so you are withdrawing the offer of £180, but leaving the £175 offer on the table.

nat38 wrote: »

believe it or not, we are not!:rotfl::o:rotfl:
but we are in a position where we do not have to sell to proceed

Sorry hun, you sound lovely, but you are being very naive. Toughen up a bit and stand your ground. They are playing you. You are in a fantastic position, if you don't have to sell. You have the upper hand - use it!

Of course they are just going to keep coming back and rejecting if you imediately up your offer everytime. They'd be mad not to. I suspect that they have sat on your offer for a week in an attempt to spook you into upping your offer again.

Reduce your offer to £175 (but put a timeframe on it, say a week) and then arrange a few viewings with the same agent who is dealing with this one. I expect you'll hear back from them pretty sharpish.

nat38

Lovelyjoolz wrote: »

Say whatever you like, it's your offer and it hasn't yet been accepted! You could tell them that during the past week you have reconsidered and believe the house to be worth no more than £175 so you are withdrawing the offer of £180, but leaving the £175 offer on the table.

I see, but I still don't get how that is going to work in my favor - won't she she just say "nope, I want 180k" and I'll just not get the house??

Lovelyjoolz wrote: »

Sorry hun, you sound lovely, but you are being very naive.

This really made me laugh - I'm being very stupid, right?:rotfl:

Lovelyjoolz wrote: »

Toughen up a bit and stand your ground. They are playing you. You are in a fantastic position, if you don't have to sell. You have the upper hand - use it!

Of course they are just going to keep coming back and rejecting if you imediately up your offer everytime. They'd be mad not to. I suspect that they have sat on your offer for a week in an attempt to spook you into upping your offer again.

You're absolutely right,we were already considering it...!
But the thing is that even at say 185k,I think that it wouldn't too bad for us - it wouldn't be a bargain of course, but we'll be getting what we want at an ok-ish price.

Lovelyjoolz wrote: »

Reduce your offer to £175 (but put a timeframe on it, say a week) and then arrange a few viewings with the same agent who is dealing with this one. I expect you'll hear back from them pretty sharpish.

Thanks, we'll try this.
But what if the EA call first saying the 180k was accepted?

Thanks a lot for your input.:T

AMO

In today's buyers market, rather than loads of people bidding for a house and gazzumping, you have it the other way with too many people putting an offer on a house to 'reserve it' and get it off market and then go looking for better houses.

This is morally wrong as it gets the sellers house off the market and you can really change their life in a negative way if you string them along especially in the peak market time by taking their property off the market and then going elsewhere.

Instead make sure you have a second viewing with family to make sure it ticks the right boxes.

Most estate agents will want your solicitor details and reserve to sell the property to someone else if you haven't had a mortgage valuation within 3 weeks - that way they know you're not really serious.