No good at this game!

ognum

claire_mc wrote: »

I viewed a house at the weekend that is on the market for £315k, and made an offer of £289,500 this morning. This is the first offer we've ever made so obviously we've completely misjudged it, as the offer has been declined. According to the EA, there has been another offer of over £300k that has also been declined.

I never know what to believe, and I know to take what EAs say with a pinch of salt, but what would you do? We made the low offer with a view to ending up at around £300k anyway, so we're considering another offer. The EA wouldn't say exactly how much over 300 the other declined offer is, but did say it wasn't much. I'm considering maybe £301,500, which really would be as high as we can possibly go. I would love to hear what more experienced buyers would do here!

Please can I suggest you start a new topic as this thread is a support thread for the original poster.

Jhoney_2

ognum wrote: »

I agree the EA should/could be more communicative but if they are holding a second viewing day it is clear it willbe after that date.

It is unlikely that the buyers will be affected by mortgage expiry as completion is a couple of moths away.

Unless they then decide to hold a third viewing day, for example!

As for mortgage expiry, how does EA know when the mortgage offer was produced? Viewers may already have tried to complete on other properties prior to this and have a deadline to factor in. The point I am making is that no-one/nothing should be taken for granted.

claire_mc_2

Jhoney wrote: »

Unless they then decide to hold a third viewing day, for example!

God forbid!!!!! Any of that and we'll be long gone!

Jhoney_2

Understandably.

This is the issue. Most of us were of the impression that the usual format would ensue:- open day Saturday, with offers submitted Monday and an acceptance to whomever was successful.

Instead we hear - silence, miscommunication, offer not necessarily put forward to vendor and a second open day on the cards.

I would post a note with my contact details on it before whatever (games are going on) plays out.

claire_mc_2

Well, the wait is over!

We didn't get the house. It went £17.5k over asking price, to someone who has £100k deposit.

It's so ridiculous, how are we supposed to compete with that!

Honestly it's been so long since we made the offer that I'm already over it and we'd already planned to view some other places tomorrow.

Thanks everyone for your help.

[Deleted User]

Sorry to hear that but it could have been a messy purchase from the sounds of it.

I hope you post soon to say you've found something even better for the same money or less, it often happens on here.

claire_mc_2

Thank you :-)

deannatrois wrote: »

Sorry to hear that but it could have been a messy purchase from the sounds of it.

Yeah, from the way it had gone so far I would have been very surprised if we'd got to exchange without a gazumping attempt.

I really do believe that if it's not meant to be, it's not meant to be, and there is something better out there :beer:

Hoploz

Sorry you didn't get it. Interesting it went for similar to the other house you started off with. I guess this is the market value for the sort of house you're looking for. Trouble is, it's now silly season and prices tend to go up this time of year.

rosie383

Hoploz wrote: »

Sorry you didn't get it. Interesting it went for similar to the other house you started off with. I guess this is the market value for the sort of house you're looking for. Trouble is, it's now silly season and prices tend to go up this time of year.

Gosh please don't say that!

Claire I'm sorry you didn't get it. I hope you do find an even better one before too long.

pickles13

deannatrois wrote: »

Sorry to hear that but it could have been a messy purchase from the sounds of it.

I hope you post soon to say you've found something even better for the same money or less, it often happens on here.

We had to withdraw from the first house that we had our offer accepted for due to a total time waster of a vendor. We had not idea how we would ever find anything as good for the same money. Fast forward a couple of months and we have just had our offer accepted on a beautiful house, with everything pretty much as we want it, for only £3k more (the other was a total do-er upper from head to toe!). Obviously anything could still happen with this house but it just feels much more 'right' this time! Good luck in your search.