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How to come back to re-offer on a house we liked?

onix22
onix22 Posts: 53 Forumite
Ninth Anniversary 10 Posts Combo Breaker
in House buying, renting & selling
We found a house we liked 3 months ago which was on the market for 6 months, therefore we thought we could strike a deal with a lowball offer. It didn't work as the EA asked for 10k more.

The house is still on the market now,
and we intend to up our offer by 10 K but I am afraid EA will want more this time.

How to approach the EA?

As you might realize, we are newbies to the property market :)

Please help!

Thank you!
«13

Comments

  • mrginge
    mrginge Posts: 4,843 Forumite
    Why are you considering offering 10k more now?

    Go back in with the same offer as before.
  • societys_child
    societys_child Posts: 7,110 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    mrginge wrote: »

    Go back in with the same offer as before.
    . . . and get rejected again.
  • onix22
    onix22 Posts: 53 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    The previous offer we made was unacceptable for them, and I am afraid they will not take us into account if we don't come back with a higher offer?
  • mrginge
    mrginge Posts: 4,843 Forumite
    societys_child wrote: »
    . . . and get rejected again.

    You clearly have no idea about negotiation
  • Stevie_Palimo
    Stevie_Palimo Posts: 3,306 Forumite
    1,000 Posts Combo Breaker
    Bear in mind though 6 months unsold so if it were me I would go back first of all with an offer similar to last time and maybe just an additional £1000.00 on top, See what they say and if needs be increase by another few thousand ie:- 2 plus then again and so on but I would not be jumping in with a 10k increase at the start seeing as it has not sold.
  • Dan-Dan
    Dan-Dan Posts: 5,279 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    So , has this property been on the market for 9 months?

    I would be wary , just based on that fact....
    Never, under any circumstances, take a sleeping pill and a laxative on the same night.
  • onix22
    onix22 Posts: 53 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    Yes, it's been on the market for 9 months. I think it is overpriced. Other properties nearby sold well. But with lower prices and better maintained.
  • Dan-Dan
    Dan-Dan Posts: 5,279 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    you have to question the motivation of the seller in this case , if its overpriced , then why would you pay for it now? , Will you be planning to stay there many years to eliminate that issue?

    The seller might not be able to move unless this `unrealistic` sales figure is reached , alternatively if they can afford to move but are holding out anyway , and have let the sale run for 9 months , i would be questioning their motivation to proceed once my offer was accepted

    I would be walking into this one with all my senses tingling personally
    Never, under any circumstances, take a sleeping pill and a laxative on the same night.
  • onix22
    onix22 Posts: 53 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    They are not living in the house. It is an inheritance.

    The house has a lot of potential being on a corner plot. The land around the house is bigger than any other property nearby, hence the higher asking price. In our view what we offered was a fair price but they felt it could fetch a better price due to unusual larger plot.
  • Dan-Dan
    Dan-Dan Posts: 5,279 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    onix22 wrote: »
    They are not living in the house. It is an inheritance.

    The house has a lot of potential being on a corner plot. The land around the house is bigger than any other property nearby, hence the higher asking price. In our view what we offered was a fair price but they felt it could fetch a better price due to unusual larger plot.

    Why drip feed info ? it`s so annoying

    I`m out
    Never, under any circumstances, take a sleeping pill and a laxative on the same night.
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