Trying to read a situation and estate agent

glasgowdan

Wait and don't chase it. Your offer is on the low side but if there's no other offer you may have a chance.

Being a dream house I'd have made an asking price offer personally.

Surrey_EA

Contrary to popular belief, the likelihood of the EA completely inventing another buyer is incredibly small.

An extra £5000-£10,000 on the purchase price means very little difference to the fee the EA receives, and almost nothing at all to the individual concerned.

If it is your dream house, it's not beyond the realms of possibility that it is a dream house for someone else too.

If you're prepared to sell your existing property through this EA, but can purchase without needing the funds from the sale, then I would expect the EA to be keen to receive 2 fees, if possible.

eddddy

Reading this thread and your previous thread, your 'strategy' seems a little confused.

The EA may be picking-up on this, and perhaps sees you as 'high risk'.


Your previous thread suggests this purchase might be dependent on:

- getting a BTL mortgage on your current property
- getting a 90% to 95% residential mortgage on the new property

However, this thread suggests that your newer plan is:

- getting a 90% to 95% residential mortgage on the new property
(i.e. treating the mortgage as a bridging loan)
- sell your current property
- presumably pay off part of the new mortgage


This would leave you with an expensive mortgage that you don't need, possible early repayment penalties.

And 'bridging' can be a high risk strategy.

TBH, if I were the EA, I might have concerns about you going through with this.