Umming and Ahhing about accepting an offer...

Lemoncurd

Thanks for the input, I feel well and truly told off now!!

We had several agent valuations of 10+k over the OIEO price and we actually laughed and thought it was high which is why we asked for it to be marketed lower, hence why they suggested OIEO. Not many properties are coming up in this area at the moment and the market has gone a bit mad with things selling straight away at high prices apart from the odd few properties which have been on for months. The houses we have really liked have gone as soon as or even before they hit Rightmove and people I've spoken to who are looking say that they also keep missing out on properties.

We would have been over the moon with the offer we have. Although the other offer did kind of raise our expectations a little I'm trying to ignore that as it didn't go anywhere so can't really take it into account.

My main concern is that I'm not getting the impression that these buyers love our property so am concerned they might just change their mind and waste our time further down the line. I don't begrudge them asking questions - we have and will be exactly the same! it was just that I was getting a lot of negativity from their questions.

Anyway, will ring the agent today and see if there is anything we can do about leaving it on the market until we have a firm sign of commitment.

Paully232000

I would say that it depends on what the house is worth to answer the question with any conviction.
If the house is worth £50k then the 10K difference in price is massive, but then if the house you are selling is £1million then it is neither here nor there.

Based on it being average of a few £100K I would think that it is better to accept the lower offer than to regret it in the future when no bids come in for months and the other offer is not proceedable.