Final Offer Rejected & Owner Won't Budge - Advice

Cirias

societys_child wrote: »

Nah, surely not
You're not the vendor, . . . are you?

No they're not, but nice try :cool:

AnotherJoe

Cirias wrote: »

Yes, I suppose I'm guilty of playing games as well. I'm trying to get a good price, and (apparently) this is how its best achieved. To be honest, the amount we offered is what we would be comfortable paying.

The owner has budged, but not during our negotiations. The fact it was dropped in price suggests the owner knew it was on too high in the first place. I think £160K was too high for the area and based on other similar sales - there have been large semi-detached properties that went for close to that in the same town. So for a terraced right on the main road I'm just not sure it's worth what is being asked.

Then you should walk. Without being personal I guess my issue is you characterize the seller as playing games, not budging etc but you are equally culpable

If you loved it I'd say pay more than you think its worth since its only about 2% so in 10 years time will that matter? But as you describe it, on a main road with a bus stop outside the front door "excuse me can I squeeze through with my shopping please, thank you and which one of you dropped that packet of fags in my front garden?" it doesn't sound like a catch to me

Cirias

AnotherJoe wrote: »

Then you should walk. Without being personal I guess my issue is you characterize the seller as playing games, not budging etc but you are equally culpable

If you loved it I'd say pay more than you think its worth since its only about 2% so in 10 years time will that matter? But as you describe it, on a main road with a bus stop outside the front door "excuse me can I squeeze through with my shopping please, thank you and which one of you dropped that packet of fags in my front garden?" it doesn't sound like a catch to me

Thanks for your thoughts on this. And for bringing me back down to Earth a bit!

3mph

Who knows (other than the seller!) but I suspect that you are going to have to get close to £150K to be accepted. So its down to what you want. Forget the "fair price" business since what is fair for you might be grossly unfair as far as the seller is concerned.

ViolaLass

You deleted your post because you'd had good advice?

If you don't want the finer details out there, then don't post.

waamo

Suppose others are in the same boat. The question and answers here could provide exactly the advice they are looking for rather than everyone having to repeat similar answers all over again.

That's why it's bad form to delete a question.

Cirias

Right, sorry all I didn't realise this was a big no-no. I've put the original post back up but edited so as to remove some specific detail as I've just realised posting it was a pretty stupid thing to do.

The main message I wanted to convey with this post is that it's incredibly tough to know what to offer and whether you just be straight with the estate agents or try to get a bit off the expected price by calling their bluff somewhat. It's a nerve wracking but exciting time!

Cirias

Penitent wrote: »

I wonder if there's a problem in how we look at housing (as both a home and as an investment). So many people post here saying "I really really love it, it's my dream home, but I don't want to offer another £5k because I won't make as big a profit if I sell."

If you really want this property, offer what you need to offer to secure it. I'm not saying be silly about and offer £1million for a bedsit in Hull, but I really don't think it's worth quibbling over a couple of grand for something that's going to be your home.

I think you're right. That's what my heart tells me to do. I'm not a hard negotiator type of person, but after reading so much advice online my wife and I just went in with the hard ball offer following the advice. Still, we live and learn and I know for future now.

But equally so, some estate agents will try to pull the wool over your eyes!

thorsoak

It will all depend upon whether the seller WANTS to sell his house - or NEEDS to sell his house. If he wants to sell, then he will wait until he gets his asking price.

House buying is not a game - you have to decide whether you want a home - where you will live for a long time or are looking for an investment vehicle in which you might stay for a year or two.

Cirias

caprikid1 wrote: »

"Final Offer Rejected & Buyer Won't Budge - Advice "


I have lots of viewings next week and its a lovely house , I know its worth the £150 so I think I will sit it out for a few more weeks.

This one's in Ely - where's yours?