Are our vendors playing games with us???

mrsmchapman

£5k on a house you like is this really a deal breaker, when you offered the higher price in the first place, they know you clearly have the money!

Problem with FTb the excitement takes hold and then the head kicks in afterwards causing no end of issues for sellers.

giraffe69

If you are saying £270k now and they are saying £275k because at one point you offered that then perhaps you should try to move things along by splitting the difference if you still want the property?

GDB2222

mrsmchapman wrote: »

£5k on a house you like is this really a deal breaker, when you offered the higher price in the first place, they know you clearly have the money!

Problem with FTb the excitement takes hold and then the head kicks in afterwards causing no end of issues for sellers.

This works both ways. Surely, the sellers can take just £5k less......

It's weird how people here seem to be taking one side rather than the other.

mrsmchapman

GDB2222 wrote: »

This works both ways. Surely, the sellers can take just £5k less......

It's weird how people here seem to be taking one side rather than the other.

No i agree its both ways, but they wouldn't be in this predicament if they had of thought it through a little more. If they didn't believe it was worth the extra £5k they shouldn't have offered it, as if had of been accepted they wouldn't be asking this question. So to me is these people playing the game not the sellers.

franklee

mrsmchapman wrote: »

they wouldn't be in this predicament if they had of thought it through a little more. If they didn't believe it was worth the extra £5k they shouldn't have offered it, as if had of been accepted they wouldn't be asking this question. So to me is these people playing the game not the sellers.

The key thing here is the vendor didn't accept the 275K offer. Their EA made it clear they wanted asking price "we made a second offer of 275k. The estate agent got back to us and said because the property had just gone on the market, the vendors were confident that they would get the full asking price. As we had some issues with the garden and parking we said that £275k would be our final offer."

That certainly reads to me like the offer of 275k was rejected with the explanation the vendor is holding out for full asking price. The OP moves on to viewing other properties. It's only days later that the vendor comes back with a lower expectation of price but I do not see how they can expect to hold the OP to his last offer as they rejected it and have then shown their weakened hand. It is the vendor who should have thought things through more carefully before telling a proceedable buyer that they are wanting full asking price!

It seems to me the vendor is in the predicament as they may lose the property they really want. FTBs are thinner on the ground than houses for sale so naturally it's the vendors who are realistic on price who will achieve a sale. I think the OP did the right thing by backing off, I'd now leave the vendor to think it over some more and return to viewing other houses.

WexfordWarrier

I really didn't think this would cause such a fuss! From reading some of the posts, it seems like there is one rule for the vendors and another for the buyers. Basically, the vendors can use whatever dirty tricks they like to scam more money out of buyers and the buyers just have to play it fair.

I work hard for my money and if I can save 5k, by not doing anything illegal or immoral, I'm certainly going to try it!

Just for clarity, we have never had a bid accepted on this house, only two completely rejected out of hand by the vendors. I think we were well within our rights to renegotiate a price when the vendors came back to us. As I said, we had moved on and were looking at other properties.

If we had a bid accepted, I would certainly not try to gazunder, unless something was wrong with the survey.

ValHaller

WexfordWarrier wrote: »

I really didn't think this would cause such a fuss! From reading some of the posts, it seems like there is one rule for the vendors and another for the buyers. Basically, the vendors can use whatever dirty tricks they like to scam more money out of buyers and the buyers just have to play it fair.

I work hard for my money and if I can save 5k, by not doing anything illegal or immoral, I'm certainly going to try it!

Just for clarity, we have never had a bid accepted on this house, only two completely rejected out of hand by the vendors. I think we were well within our rights to renegotiate a price when the vendors came back to us. As I said, we had moved on and were looking at other properties.

If we had a bid accepted, I would certainly not try to gazunder, unless something was wrong with the survey.

I am not sure why there was such a fuss. Your position is eminently reasonable. If the vendors reject your offer, your offer is off the table and there is no obligation to match the previous offer.

Perhaps it was your choice of phrase - "sensing blood" - which has made some posters see red over what you have done.

GDB2222

I rather agree with you, WW, or at least I can see both sides of this. In the end, if you are interested in buying, you need to have a price that both sides can work with, and you need somehow to communicate that you will stick to whatever is agreed.

I'd suggest that you continue to look around. You are not in a hurry. It's only your vendors who suddenly are. There will be a lot more property testing the market in the next month or two, as Spring is just in the process of springing at the moment.

Sponge

I agree with VH. Both of your offers were rejected, effectively making them now 'voided'. If you wanted to, you could go back with £260k!

Sometimes I wonder about the people on this site. It's supposed to be a money saving, not a moral judgement, website.

The EA is getting two nice junks of commission here. They can eat into that if they're desperate to make these sales happen.

I say stick to your guns and the £270k offer. Good luck!

pinkshoes

How long have you been house hunting for?

They rejected both your offers, so you quite rightfully thought about it again, and put in a third offer of what you felt it was worth.

If the vendor wasn't so quick to reject your second offer, then perhaps they would have found themselves £5k up?!

Stick to your guns!

ps - I wouldn't touch a property with parking issues - just not worth the hassle!