What to do?

dirty_magic

We put an offer in this morning for a house we really like. We offered just under 6% below asking price because it needs a fair bit of work. It's empty as the owner passed away, so her daughter is the vendor, and we're first time buyers so there's no chain.

It has sold once but it fell through, and the agent said they had a really low offer last week that was rejected. When we put our offer in they said there had been a few viewings over the weekend, but I'm pretty sure the agent that showed us round said he hadn't had any that weekend.

I think I've been watching too much Location Location Location as I was expecting them to call today, but we haven't heard I anything. I thought they would probably reject our first offer, but I wasn't expecting no reply at all.

What should we do now, just wait for a reply or chase the agent? I'm not sure if it's a good sign that they haven't rejected it and they're considering or if they're just waiting for a better offer. I'm so impatient, I've never been good at waiting!

~Beanie~

I would wait a little longer. Maybe they haven't been able to contact the vendor, she could have forgotten to take her phone to work (I do this quite often or has the kind of job where she is unable to take personal calls.

dirty_magic

Thanks, I'm trying to stay positive. We really like this house so we're just impatient to find out what's going on. They're closing now so at least I can stop jumping every time the phone goes! :-)

dimbo61

6% below asking for an empty property that needs work is plenty.
It is costing the Vendor money each month ( empty council tax etc)
Repairs and improvements always cost more than you think so hang onto that cash for the work.
First and final offer as that is all we can afford but it is a lovely house and we will look after it and bring up two perfect kids !!!!

dirty_magic

Thanks, you've put my mind at rest a bit. I was thinking we might have offered too low as they said they've already rejected a very low offer. The agent wasn't giving much away though, I'd love to know what it sold for first time.

Argghhh

search on zoopla etc it may tell u original price. the best way forward is wait a couple of days, ring up and ask for feedback on your offer, if nothing just say the offer is on the table until the following weekend then you will make an offer on an alternative house you have viewed, shake em up a bit

DRP

I would just ring up as soon as possible - tomorrow afternoon or certainly wednesday- and stress that you would like an answer. I don't like playing silly beggars and dont' think the mind games really work - tell em you just need an answer, so that you can move on and find someone else to take your money!

dirty_magic

I've searched zoopla but I can't really get an accurate guess, most of the houses are semi detached and this one is one of the few that are detached. There are only a few houses on the cul de sac it's on. There's no zoopla estimate, the lady must have lived there for years.

I think my OH is going to call up tomorrow afternoon and say we want an answer soon.

dirty_magic

Our first offer was rejected but they accepted our second :-) They've accepted on the basis that we move quickly so hopefully it will all go to plan!

MysteryMe

That's good news.

DRP

dirty_magic wrote: »

Our first offer was rejected but they accepted our second :-) They've accepted on the basis that we move quickly so hopefully it will all go to plan!

great stuff!! fingers crossed for you :money: