getting an offer accepted... ?

dares_uk

ok, after wasting 11 weeks with our previous purchase before the vendor pulled out
we now have 5 viewings booked for this weekend.


We are viewing one property tonight up at £184,950.
we put an offer forward this morning of 180k because we wanted to try and secure it & put others off.
180 is our max! the vendors has come back and said they are not prepared to talk about an offer until we have seen it and would be looking the asking price at this stage, and have a couple other viewings booked.
property was listed 2 days ago.


basically I'm asking if anyone can give some advise which may help us persuade them to accept us.
even though we cant go any higher, I know some one could easily offer the asking price.
but we have put across the fact we are FTB, mortgage DIP, solicitors all ready to go etc..


any tips / advise?

tykesi

Why would you offer on a property you've not even viewed?

Why would the vendors go with you when there are other interested parties who may be in a similar position to you but prepared to offer asking price, or at least closer to it?

dares_uk

yes we understand your questions / points.


We want the property, hence we put an offer in.
we wanted to get in before some one else, potentially it may put them off if an offer is already on the table,
we wanted to be involved before some one viewing before us put an offer in potentially the same £.


at the end of the day, if some one offers more £, its up to the vendor I know, and tough luck for us.
was just asking if anyone had any tips/advise....

Surrey_EA

dares_uk wrote: »

any tips / advise?

Don't put offers in for properties you are yet to view.

Don't open negotiations with your maximum bid.

Don't view properties above the level you can afford, unless you're prepared to be disappointed.

Pupnik

This early on they are probably waiting for asking price, and might be wondering why you offered below asking price when you haven't seen it. What is the vendor doing next? If they haven't found a place to move to they won't be in a hurry to sell and may even want to delay things, if they have found a place to move and want to get their offer in your chances are better, but they might still hold out for a few days to see if they get asking price. If you're prepared to wait and really can't afford asking price all you can do is hold tight and wait and see.

ReadingTim

Surrey_EA wrote: »

Don't put offers in for properties you are yet to view.

Don't open negotiations with your maximum bid.

Don't view properties above the level you can afford, unless you're prepared to be disappointed.

Don't think being a FTB makes you super special.

AdrianC

dares_uk wrote: »

We want the property, hence we put an offer in.

How do you know? You've not even stepped foot inside it?

Look at it from the vendor's point of view. You're selling your house - and somebody shoves an offer in without even seeing it. Not only is that just a bit odd, and enough on its own to make you wonder if they're going to muck you about and pull out - but it's £5k below asking, and the place has only been on the market two flippin' days!

Would YOU blithely accept that? No, nor me.

If you REALLY want to get in there first, then make sure your number is high on the EA's list, so that any new listings get them ringing you. Then drop everything to get round there and view it. THEN consider offering - but don't insult people by offering low offers on fresh-to-market places... They really don't care if you can't afford more. That's not their problem.

Marvel1

If they accept your offer, why view?

Cakeguts

You are doing it the wrong way round. If £180k is your maximum then you negotiate up to that maximum if you find a house you really want. So say you find at a house at £175 and there are a lot of offers over the asking price you can go up to £180k What won't work is trying to reduce a house to your maximum.

So cancel the viewing for the £184 house it is £50 short of £5k over what you can afford and it isn't fair to the vendor for you to view it when you can't afford it. You will be wasting the vendor's time.

Don't view houses that are on at over you maximum. So really £179k or £178k should be your maximum to allow for a bit of negotiation upwards if you need to.

Being a first time buyer means that you are at the bottom of the chain. However it could be a really long chain. The only difference is that you don't have anything to sell. Being a first time buyer doesn't mean that you get a lot of money off houses that you can't afford so that you can afford them.

Sausage11

I think I'd be put off by anyone offering without viewing. Also, as others have said, if I'd only been on the market for 2 days then I'd not be willing to accept a below price offer straight away - even if you had viewed it! With you not having viewed it I'd treat your offer with disdain.

But I disagree with people saying you shouldn't be looking at this houses or others at this price. It's 185. You can go to 180. Take a look, see if you like it, then put an offer in. There's no guarantee they'll be offered asking price. Your maximum offer is only 2.5% less than they're asking! Definitely worth viewing.

saajan_12

To me, offering before you've seen it would
(a) Make you look desperate, potentially weakening your negotiating position
(b) Not look serious.. assuming you're not wasting time, the viewing may contribute to your decision. so at what point are the vendors supposed to know you still want it?

There are no clever tricks to 'get an offer accepted, you just see, and if you like it you offer what you think its worth. How low a vendor is prepared to go will depend on many things outside your control (e.g. their urgency to sell, the local property market, any hurdles they want to achieve in price, their priorities regarding chain or maximising price etc)