Vendor keeps pushing price up

Slinky

AnotherJoe wrote: »

And sure, they might like to move before baby in April but if they haven't found a house yet, nor have a proceedable buyer, they can stash that hope next to their store of rocking horse poo.

Very eloquently put.

somethingcorporate

In the past we've both told and been told by EAs not to see people like the OP who are not in a position to proceed. They are effectively tire kickers until they at least have an offer on their house, not even having it on the market is taking the mick!

Slinky

somethingcorporate wrote: »

In the past we've both told and been told by EAs not to see people like the OP who are not in a position to proceed. They are effectively tire kickers until they at least have an offer on their house, not even having it on the market is taking the mick!

There's nothing inherently wrong with people offering who don't have their house on the market yet many people only move because there's a particular house or area they want and it comes up rarely, but they have to respect that the vendor is not going to take their house off the market, or mark it SSTC, to somebody who isn't the slightest bit proceedable unless they get a lottery win.

OP it sounds like you are demanding 'rights' over this property because you want it, you want it at a reduced price and you want the vendors to dance to your tune. If dancing is required, you have to pay the piper, and he will generally want a premium price, not a reduction.

If I was the owner of the house you are wanting, I may 'consider' taking it off the market for an offer over the asking price for a limited period of time in order for you to get your place sold. But it depends a lot on how other viewings are going.

ReadingTim

Even if you were proceedable, you've made your "final" offer. Come back with another offer, and you're only making a mockery of yourself.

PokerPlayer111

ReadingTim wrote: »

Even if you were proceedable, you've made your "final" offer. Come back with another offer, and you're only making a mockery of yourself.

true, make an offer stick with it and go fall in love with another property which will probably take 1 week tops as there are many on every street.

hazyjo

Offering when not proceedable just results in several things:


- The vendors will now be deluded that people will be queuing round the block to buy their house.
- They are less likely to reduce the price if little interest as you are hanging on offering full asking price or more.
- The house is now MUCH more appealing to others. It forces their hand. They will be told there's an offer on the table which hasn't been accepted yet (they prob won't even bother saying you're not proceedable, they just play one off against the other). Plus it makes it look like a good deal and they'll prob say there's been lots of interest. Human nature to want something that someone else does.
- Doesn't give you any wriggle room on your asking price.
- They're less likely to agree a reduction.


Loads of other reasons, but these are off the top of my head.


I know it's hard, but for anyone reading in the future, if they say no to an offer (if you insist on offering when not proceedable), take your offer off the table and action your own sale ASAP. When you have a buyer, go back and offer again (although if you did offer before, it'll be hard to come back with a lower offer!).

getmore4less

glasgowdan wrote: »

Somewhere in the chain SOMEONE has to make offers before they're preferable otherwise the chain could take years to complete after the first offer at the bottom.

People should be in the position of selling and buying at the same time.

You then have provisionals both ways but at least the process has started to close the link on that property

you find a place you say, interested @ £X but waiting for a buyer.
a buyer comes along interested @ £Y will let you know when we have found something to buy

unless a real shortage or very picky chains can form quite quickly.

Trying to say you have to accept my offer before I will even try to sell my place is not really playing the game.

They should have got on the market as soon as the negotiations started and gone a lot slower on the offer increases to give theirs time to attract interest.

one strategy is to use the same agent they then have an incentive to make the deal happen, but EA know to much so can play both sides.

markyyyyyy

thanks for your replies everyone. I understand i need to get my house on the market ... i have actioned this today and we've got someone taking photos tomorrow so should be up and running by early next week.

The vendor initially accepted an asking price of 157k, but did not want to take it off the marke, then then said they will take it off the market for 4 weeks, for 260k.

We declined that offer, and said 257k is maximum asking orice.

My only concern is that if we sell our house in a week or two, and they have not yet sold their house, do you expect he will be greedy and still want 260k, or would he honor the original

I know this is entirely up to the vendor, but just after your opinions on what you would do.

cheers

isplumm

somethingcorporate wrote: »

In the past we've both told and been told by EAs not to see people like the OP who are not in a position to proceed. T

Hi,

I don't understand that position - we are looking at the moment - but our house is not on the market yet. I quite understand not accepting offers when the buyer is not proceedable, but not allowing viewings seem strange.

If we see a property that we like, then once we have accepted an offer, we can then immediately make an offer on that one, but if we haven't even seen it, then not chance!

Mark

Linton

You have found THE house but have been faffing around over a few £K! And you havent even put your house on the market!! Sorry, you sound like a time-waster.

Most people have to compromise when buying a house and get something that doesnt tick all the boxes, merely enough of them. So when you saw a house you really wanted you should have put your house on the market immediately and gone in at the asking price. Then perhaps you would have had a chance.