What can I do to be the one who gets this house?

HelenRachel

Hi, we put an offer in on a house a few weeks ago. Right up until lasts Wednesday they were telling us 'there's been another buyer and offer put in. I've made it clear that I'm not happy to budge on our offer, the EA has made it clear that our offer is not the highest. Again I'm not changing our offer and the vendor has stuck with us so I don't know if these other offers exsist or not but I think it's just a case of being happy and not giving them anything until they actually ASK you to put in a higher bit. Good luck!

Perelandra

Only advice I can give (other than the 'hold your nerve' that's already been given)- if a higher offer does 'materialise', ask the EA to send you written confirmation that the offer you've already been given has been formally rejected.


This seems to have a knack of shaking out phony offers that the EA makes up.

SantaKlaus

Some EA are just muppets, i remember last year when i made my first offer on a house, (before i knew about the haggling lol), i offered my max which was only 1k under the asking price and the EA emailed me back :

"Oh, thats a really good offer, but unfortunately we cannot accept it as we have told all our clients never to except the 1st offer"

!!!!!! lol

SG27

SantaKlaus wrote: »

Some EA are just muppets, i remember last year when i made my first offer on a house, (before i knew about the haggling lol), i offered my max which was only 1k under the asking price and the EA emailed me back :

"Oh, thats a really good offer, but unfortunately we cannot accept it as we have told all our clients never to except the 1st offer"

!!!!!! lol

My response would have been an increase of £1 for my second offer.

G_M

Since you originally said:

We offered slightly over the asking price on Saturday and said it was on condition that they take the house off the market and cancel all other viewings immediately.

you could now reduce your offer on the basis they have not met your condition.
If they are indeed bluffing, that might well panic them.

and if the 'French' buyers do indeed make an offer I can guarantee you will be given a further opportunity to bid.

At that point, of course, you will have to decide how far to take your own bluff.....

getmore4less

whats the background.

just come on priced to sell?

been on a while?

HelenRachel

I actually withdrew our offer at one point, as the EA was telling me we were in some kind of contract race. I said I wasn't happy with that, we'd made our offer in good faith and if the vendor weren't happy to commit to us (as we were committing money to this sale) then I wasn't happy to continue. The EA then changed their tune and said we were the fave and the vendor wanted to go with us etc. Think at best what the EA was telling us was very creative with the truth!

QTPie

I would say hold your nerve.

HOWEVER, we recently sold (accepted August, completed November). Incidentally after 15 months on the market (one sake that fell through, no price drops). We has two families really interested and bidding (viewed on consecutive days). One seemed desperate to have it (and communicated this to the EA), they had a small chain (just one below them) and came up to the asking price). The other were "cash" buyers (supposedly) and made one offer £10k below the asking price (it was a £850k house), but made it very clear (unprompted) that it was their "last, final and highest offer". We took them at their word and accepted the asking price offer without going back to the cask buyers. Ok maybe we could have attempted to play them offer against each other (and go to sealed bids), but we didn't. We went for the very keen people (even though they weren't cash buyers).

So strange things can happen.

song_of_calliope

Background is that it's been on for a while but the rightmove listing photos are horrid and really don't do the house justice. Vendor (who I trust much more than the EA) said she had no interest for months but then a flurry of viewings over the past week.

Thanks very much, all. I will try to sit on my hands today, focus on other things, and not call EA!

Zoology_Dragon

SG27 wrote: »

If they recieve a higher offer they will contact you anyway to up yours. Best bet is wait it out and maybe call back in a few days to ask if your offer has been formally accepted and if the house is off the market.

Not necessarily. We offered on a house in December, two offers were put to the vendor on the same day, they took the highest (not ours), we were simply told we hadn't got it. We weren't asked to up our offer. Disappointing but nothing we could do about it.