How Long is long enough??

Miss_$

Hi All,

So we're currently renting a house, we love living here and asked the owners if they would be willing to sell the house, they seemed keen so they had some valuations done.
We have now put an offer to them, they replied saying they would get back to us and have a think about things but it would probably be a couple of weeks. It's now nearly 3 weeks on Tuesday, my question is how long do we give them before we ask them again?? Don't want to bother then but it would be nice to know where we stand.
Thanks
Sarah

BISCUIT1

Hello, I'm afraid I can't really help other than to sympathise as I am in exactly the same situation as this with a piece of land I have offered on....no reply back from agent in just over 2 weeks.. I rang twice last week and was told they would ring me back and they haven't...don't want to be a stalker or annoy them but other projects/life is on hold in the meantime...I think if I were you I would be ringing them to ask if they have any feedback on your offer...hope you have more luck than me!!
:rotfl:

Miss_$

Very annoying isn't it!! I'm the same and don't want to annoy them.

I think we will give it until Tuesday then give them a call,

Hope you hear something soon, good luck 😊

ellie27

I would have given them a few days then got in touch again for an answer.

I would not have given them all that time.

Of course they now know you are looking to buy and would potentially be buying something soon so perhaps thats why they are taking their time, they would probably prefer to just keep you as tenants forever and make more money from you that way.

Hoploz

My advice would be to look elsewhere.

How close was your offer to what they wanted? It's not in their interests to give you a bargain price, if they can get more on the open market. Is you who would benefit from not having to move. For them it makes no difference who buys it, IYGWIM.

S they may come back to you with a yes, or they may still decide not to sell (knowing their tenant is likely to be moving on shortly) ...or they might just put it on with an agent instead.

G_M

It is pointless asking them again.

You've made an offer. Either
* they are still thinking, in which case asking again adds nothing as they've not yet decided, or
* they are not interested so asking again won't help

If they are interested but not at the price offered they will come back with a counter-offer, in their own time. Again - asking again adds nothing.

Start looking at other properties. Don't put all your eggs in one basket.

Detroit

Hoploz wrote: »

My advice would be to look elsewhere.

How close was your offer to what they wanted? It's not in their interests to give you a bargain price, if they can get more on the open market. Is you who would benefit from not having to move. For them it makes no difference who buys it, IYGWIM.

S they may come back to you with a yes, or they may still decide not to sell (knowing their tenant is likely to be moving on shortly) ...or they might just put it on with an agent instead.

It's in their interests to sell to the OP as it avoids EA fees, the hassle of viewings, and the risk of being messed around by buyers less committed to the property than the OP.
They may feel this merits a lower price. At the very least I'd expect a discount equivalent to the saving of EA fees.

kinger101

Detroit wrote: »

It's in their interests to sell to the OP as it avoids EA fees, the hassle of viewings, and the risk of being messed around by buyers less committed to the property than the OP.
They may feel this merits a lower price. At the very least I'd expect a discount equivalent to the saving of EA fees.

That's assuming they want to sell. I think wanting the equivalent of the EA's fees in discount is pushing it. Buyer would benefit too. Don't have the hassle and expense of moving. Not competing against other buyers.

G_M

Detroit wrote: »

It's in their interests to sell to the OP as it avoids EA fees, the hassle of viewings, and the risk of being messed around by buyers less committed to the property than the OP.
They may feel this merits a lower price. At the very least I'd expect a discount equivalent to the saving of EA fees.

which removes much of the incentive to sell to the OP.

They might decide in that case it's better to put it with an EA, pay the fees, but open up the sale to a wider audience and (prehaps) get a better price.

martindow

Detroit wrote: »

It's in their interests to sell to the OP as it avoids EA fees, the hassle of viewings,

This assumes the OP is renting directly form the LL. If he is using an agent there could well be a clause that means they will collect a fee if the LL sells to a T.

ReadingTim

The sad fact is that they'll never get back to you for as long as house prices continue to rise (or at least not fall massively) and you're staying there, paying them rent - they'll just continue to string you along whilst remaining their tenants, paying them rent.

Basically, you need to force the issue, by saying you'll be moving out. Give them notice under your existing contract. Don't sign up for another 6 or 12 months. Revert to a rolling 1 month notice period. Until you do that, there's no reason to take your offer seriously.