House Only just on the market - How to offer

martinsurrey

Michelle_Louise wrote: »

Yes I think ill be calling back tomorrow to say we'd like to leave the offer on the table, and to contact us should anyone else make an offer. The waiting game is the worst!

Don’t leave it on the table IMO, it'll give the vendor a false sense of security and your offer will go stale in their mind.

Take it off and look at other houses, in 2-3 weeks time, you can re offer the same amount and will get the agent/vendor talking about things again, after the vendor has had a chance to get a feel for the market.

motherofstudents

I can't believe they expect to get £130k for it when the stamp duty threshold is £125k. ok, it's only 1% but it seems a natural cut off point for houses in that price bracket. I'd keep looking and the vendors might realise that it's a good offer.

ognum

Mortgage_Knowlodge wrote: »

It is often a great idea to get your broker to put any offers forward for you if they will (I know I do all the time) This lets everyone know that your offer is serious and you are good for the money. Also agents will be a bit more forthcoming on the vendors expectations I usually find!

Sorry I think this is rubbish, this is just a way for brokers to manage the client.

Michelle_Louise

Found out yesterday that the people selling the house are a more or less a firm of builders who bought the house along with a few others in the area many many years ago and rented them out. This one in particular was rented out from day one until now to the same person which is why its now in need of great repair, seems odd them being a firm of builders but hey now they want to sell it...to me it sounds like a harder sale for us.