Asking price offer - vendor now wanting more!

phoebe1989seb

Thanks guys :T:T:T

phoebe1989seb

Feeling rather angry/sad today, as just when we thought we'd secured the property we wanted, the EA came back saying a higher offer has come in and that the vendors have decided to go to best and final offers by noon on Monday.

Part of me thinks this was bound to happen - after all, we increased our offer pushing someone else out, albeit someone that wasn't proceedable - but also it reinforces the suspicion that we're being played.

In any case we've decided enough is enough and plan to withdraw our offer altogether.

It obviously isn't meant to be after all.

getmore4less

Why withdraw if being played they have to take your offer or wait.

if you withdraw and there is no other offer the agent will just play them with you found somewhere else etc.

Surrey_EA

phoebe1989seb wrote: »

In any case we've decided enough is enough and plan to withdraw our offer altogether.

I can completely see how you feel incredibly disappointed.

However, I would be inclined to go through the process, even if only to resubmit your present offer as your best and final offer. Just because there may be higher offers put forward, does not mean the seller is going to accept them.

In an executor sale, where there are multiple beneficiaries, and sale proceeds are being split between several people an extra £10k on the sale price may not make a huge difference if fess and taxes then have to be deducted, and then divided between three or four people, for example. The other buyers may not be in as good a position as you.

You won't ever win a race that you don't enter. Best of luck.

DaftyDuck

Never withdraw (unless under Papal guidance!). As Surrey says, who knows? The higher offer may not pan out, his mortgage offer may fail, or he might be an arrogant twonk who will suitably irritate somebody in the EA such that they will favour your fragrant selves.

You have, effectively, already shoved yourselves in (and I would have done the same, so no edge to the comment intended), and should be prepared to do the same again - IF THE PRICE IS STILL ACCEPTABLE. Never get carried away in a bidding war (or any kind of auction, or game of poker...). However, you did say the house was excellent value.


Is it still, even if at an increased offer price? If so, wear a smile, bear up under the pressure, and increase your offer. Try to sympathise with the lovely, sweet, kind agent as you do so (if you can bear to), as any favouritism you can win just now may help press your offer (Surrey, I must just say how often I agree with your posts... you are just so on the ball all the time.... So nice to post after you)... Just do it better than that.

I know it's hell. Believe me, I could tell some tales, and have dealt with some ghastly agents (Mark@Lovetts, I still have the tapes of your conning a nice old lady.... sweat, you pasty poltroon..)

I am in a stunning house. I love it. I believe I pm'd you some of it... Remember? Now, think your buying is tough? If the house is worth it, stick with it.

If it isn't worth it any more, then offer no more, leave your offer standing (why not?) buy a good bottle of wine to go with a takeaway, and watch a good film. Then, tomorrow, start again.

m0bov

Just tell them your offer is full and final and leave it at that. Start looking elsewhere.

cloo

Yeah, hold out. I remember there was one place we were going to look at, didn't get round to and by the time we did the owner had decided to up the price by 50k because of the 'interest'. Was still on the market months later.

Davesnave

Awww! I just popped in here to see how things were progressing.....:(

Nearly PM'd you the other night, but lost it somewhere when I was adding links :mad: Now I wonder if it was just as well I did!

Will try to PM again soon, but there's a huge curry heading my way to top-off a day of chain-sawing and bonfire, so the odds are against it tonight....:o

bobobski

Just to add my naive little two cents here: although I completely sympathise with your "enough is enough" approach, it's highly unlikely that the process of buying will even enter your mind once you've got your new place. This is all temporary. As other more experienced and wiser people have said, just grin and bear it. If it's not meant to be then so be it, but if you withdraw you'll never know if that was the case and you may regret it for a really long time. Good luck

glasgowdan

I'm sure you'll be sitting here in 3 months with a totally different perspective, with possibly a totally different home in mind, fingers crossed.

5 pages and the OP hasn't mentioned the word 'Period' once, a record!