We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

First offer declined, what next??

13

Comments

  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    Gareth83 wrote: »
    offer of £100,500 has been declined

    What next??

    Gareth they took a while to decline didn't they!?
    That offer got them thinking.
    I felt sure it would be a winner.

    Offer £101450 in the morning sir
  • Poppy9
    Poppy9 Posts: 18,833 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I assume there have been no other offers, so no-one is exactly chomping at the bit for this house. Tell the agent that you will leave your offer on the table, remind him/her you are chain free, mortgage in place etc and then ask agent to show you other houses in the same price bracket. If the agent is any good they will convey this to the seller who may change their mind.
    If the seller has seriously considered your offer over the last 5 fays they may change their mind. If the house was a bargain they would have had other offers.
    You have to have nerves of steel when house buying. Good luck.
    :) ~Laugh and the world laughs with you, weep and you weep alone.~:)
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    Poppy9 wrote: »
    I assume there have been no other offers, so no-one is exactly chomping at the bit for this house. Tell the agent that you will leave your offer on the table, remind him/her you are chain free, mortgage in place etc and then ask agent to show you other houses in the same price bracket. If the agent is any good they will convey this to the seller who may change their mind.
    If the seller has seriously considered your offer over the last 5 fays they may change their mind. If the house was a bargain they would have had other offers.
    You have to have nerves of steel when house buying. Good luck.

    Nice advice even though a little risky.
  • Poppy9
    Poppy9 Posts: 18,833 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    mr.broderick wrote: »
    Nice advice even though a little risky.
    If it's for him he will have!!!:rolleyes:
    Given they took 5 days to turn down the offer and the agent didn't come back and say "they want £102k or whatever" means IMO they have just want to see how much he will increase by seen as he jumped by £3.5k last time.
    If the house was a bargain there would be a bidding war. He may have under estimated the cost of the work that needs doing (don't we all!!) and if I was him I would have taken a builder in to give a proper estimate of what needs doing and the costs involved.
    :) ~Laugh and the world laughs with you, weep and you weep alone.~:)
  • Gareth83
    Gareth83 Posts: 971 Forumite
    the reason they took 5 days wasn't because they were tempted, "apparently" the EA thought he had phoned me to tell them they had declined. Which he never did! I had to go in today to ask!!

    The vendor needs as much money as possible, apparentlynow the youngster who is living there has turned 16 the parents have agreed an amicable divorce so require as much as possible. Something like that anyway.

    Also another buyer is interested but is "holding their cards tight to their chest"
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    Gareth83 wrote: »
    the reason they took 5 days wasn't because they were tempted, "apparently" the EA thought he had phoned me to tell them they had declined. Which he never did! I had to go in today to ask!!

    The vendor needs as much money as possible, apparentlynow the youngster who is living there has turned 16 the parents have agreed an amicable divorce so require as much as possible. Something like that anyway.

    Also another buyer is interested but is "holding their cards tight to their chest"

    Its probably ds1980
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Oh well, the agent has played it to your advantage at least, as they will think you've gone away.

    Personally, I'd make your offer less than mr b. suggests. And ignore stories of other buyers who aren't giving anything away. That's a line if ever I heard one.
    Everything that is supposed to be in heaven is already here on earth.
  • Gareth83
    Gareth83 Posts: 971 Forumite
    mr.broderick wrote: »
    Its probably ds1980


    what is ds1980??
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    They are another user here.
    Everything that is supposed to be in heaven is already here on earth.
  • CB1979_2
    CB1979_2 Posts: 1,335 Forumite
    go up to 101250, say your parents have managed to scrape together another £750 & that's your max.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604.1K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture