1st Offer refused. How much to increase?

telfordwhite

A_Fool_&_His_Borrowed_Mon wrote: »

Say that you've also had time to rethink your offer, and now you're offering 5k less.

Give them a taste of their own medicine. :money:
There's plenty for sale about, so why rush?

Seriously don't do this if you want the house. You will sound like a chancer and they will never sell to you as they won't feel they will be able to trust you to complete.

daisyroots_2

I agree with telfordwhite, don't make a lower offer. In fact, don't make any contact for a couple of days. You won't lose the house in such a short time, and the EA may well come back to you with an acceptance of your £205 offer. If not, have a rethink, but your silence will make them less sure of themselves.

kelvinwebb

I'm not gonna contact the agent at all. Well maybe if see something new on rightmove with them.

The offer of £205k was refused so it doesn't stand anymore - so there's nothing to accept...

I've had a rethink - As they say the first time you see something you view it with your heart - the second time you view it with your wallet. This time I noticed a crack in the ceiling and the wallpapering is atrocious with atrocious walls underneath which will probably all need skimming when the paper comes off...

Woby_Tide

if you had given that info whilst placing the offer it might have given them something to think about, always try and give reasons why you knock money off, the seeds of doubt can grow quickly

RHemmings

benood wrote: »

I agree with Doozergirl - if you want a bargain best leave this place for a couple or three weeks now and get excited about other options - then return to a demoralised seller and offer £185 expecting to settle for around £200.

Of course with this approach you may find the place has sold in the meantime but at least you won't have overpaid.

If properties are selling fast in that area, is there the danger of being gazumped?

RHemmings

Couldn't the OP say that with the recent rise in mortgage interest rates, that £200K is now all that they can afford? Less likely to make him/her appear a "chancer". And if the OP is cheeky they could also say that it would be better if they could find a property quick as mortgage rates might go up again.

Moorepart

kelvinwebb wrote: »

Double damn!!

EA just said that they only are interested in full asking price.

I think HPs would normalise far more quickly without these parasites:mad:

kelvinwebb

Woby_Tide wrote: »

if you had given that info whilst placing the offer it might have given them something to think about, always try and give reasons why you knock money off, the seeds of doubt can grow quickly

Yeah - When I put in my offer I was really anal and did it exactly as stated somewhere on this site. I listed four issues with the property - main road, tiny bathroom, complete redecoration upstairs and extension to central heating by adding a rad in the dining room. Also included details of four other similar propeties at cheaper prices in the same area and sited these as the reasons for my offer.

kelvinwebb

And you know what...

As well as properties selling like hot cakes down here, they seem to come on the market just as quick, so now there's a bevvy of new properties just to make me even more confused than I already was.

I now have 'house overload'... Is that a common complaint when buying and can I get time off work for it?

Running_Horse

Have you had any luck in the last two weeks?