Seller won't accept offer any idea's

pinkteapot

Sometimes a seller simply wants more for their property than you are willing to pay for it. When this happens, there's nothing you can do but move on and view other properties.

It's always worth saying to the EA "OK, that's as high as I'm prepared to go for this house. My offer's on the table until I find something else." just in case they have a rethink in a couple of months and you still haven't found anything better.

ess0two

Coal_Shoveller wrote: »

The thing is I was trying to downsize, my house has been on and off the maket for 5 years, originally on the market for 360k and after several price reductions eventually sold for 285k, so I have just taken a big hit as it is. I've lived in it for 14 years and have never been able to afford to do anything with it and it still has the delapidated kitchen in it that I moved in with.

If I bought this bungalow for 300k, I would have to max out on my mortgage, which would take me to 67 to pay off, I would have a bigger morgage on a house nowhere near as nice as the one I have just sold, and I would find myself unable to afford to do anything with it again, and even if I did come into some money and could afford to do it up to a good standard it still would'nt be worth 300k.

I think I'll casually call in at the estate agent's this morning, say I'm still looking and does he have anything coming onto the maket soon, and maybe slip a "shame about the bungalow into the conversation" and see where it goes from there.

J.P.

You can't afford it,move on.

thequant

Coal_Shoveller wrote: »

The thing is I was trying to downsize, my house has been on and off the maket for 5 years, originally on the market for 360k and after several price reductions eventually sold for 285k, so I have just taken a big hit as it is. I've lived in it for 14 years and have never been able to afford to do anything with it and it still has the delapidated kitchen in it that I moved in with.

So you were unable to sell as well due to greed.

The word Karma springs to mind

jbainbridge

It would appear it took you five years to reduce the price of yours to the point at which it sold ........ are you hoping the vendor will be more realistic?

Really, there is very little you can do. Perhaps talk with the estate agent some more, though from the sound of it the vendor is very stubborn.

Coal_Shoveller

Thank you to all those who have taken the time to answer, I spoke to the EA today and explained the offer will remain on the table until I find somthing else. He has said that he will have a chat with the seller once Easter is out the way and try and get him to review the price.

I think I will leave this thread here rather than post further details about my life story, think I'm starting to sound like a bit of a nutter.

SAHD_Jim

Coal_Shoveller wrote: »

Thank you to all those who have taken the time to answer, I spoke to the EA today and explained the offer will remain on the table until I find somthing else. He has said that he will have a chat with the seller once Easter is out the way and try and get him to review the price.

I think I will leave this thread here rather than post further details about my life story, think I'm starting to sound like a bit of a nutter.

I made an offer on a house that the seller originally felt was "insulting". I walked away and we ended up finding a better house. While that transaction progressed the EA for the first house called me to say the seller had decided to "accept my offer after all". I took great delight to say I was no longer interested, even when the EA said he'd now be happy to accept even less. I pointed out that had he accepted originally I'd probably already be living there.

Bottom line is stick with your original offer and don't be convinced to pay more than you feel is right. Also don't be afraid to put a time limit on your offer, so the seller can feel a bit of pressure.