Advice - tactics for buying house

Crashy_Time

Quizzical_Squirrel wrote: »

The thing with these low offers is that they affect the seller's confidence in you.

Even if you come up to a higher price, they know you're likely to try and get closer to your original price by hook or by crook.
They know what might happen when that survey comes in.
They may fear you're going to play games on exchange day.
They think this because you've told them what you think the house is really worth.

Almost all sellers are now, or were once, buyers too.
They guess what you're thinking because they've had the same thoughts themselves.

This is the risk you take with a low offer.
You might genuinely mean to stick to the higher offer price.
But you're going to get the side-eye.

Most of that probably goes out the door when you have been waiting 10 months for a buyer though

cdm44

Thanks for the message.
I don’t think we have put in a low-ball offer! Our first one was 90% of their current asking price, made after 10 months with only one other offer! We’ve always been told if something sticks around for too long, it’s too expensive...

cdm44

And if you’re suggesting that we’d gazunder to the original offer, I wouldn’t dream of it. I’ve been gazumped once and wouldn’t think of doing it to someone else, either buying or selling. A deal is a deal.

-taff

We offered on one huse with problems and kept looking believing the problems weren't going to be sorted.
We offered on another property. The EA kept pushing us and pushing us to offer more and more, which we did to start with. Then I looked at the top pice that the house would achieve if it were in good condition and found the top price was what they were asking us to pay for a property that need a lot of work.
The property was a probate property, the vendors didn't live there, they just wanted top dollar and were prepared to wait.
We rescinded our offer.. The EA was not pleased.

Problems with the original house were sorted, we moved in there.