Offer put on house on Sat morn,how long to wait?

giddyG2001

Can anyone shed any light on my situation. Visited a property on (had been on rightmove since Weds) Fri evening with partner and two kids, it's literally across the road from where we live at the moment (we're number 5, it's number 8) and has all the things we were planning to do to our house, already done (eg attic conversion, kitchen extension).

We put in an offer of £5000 under the asking price on Sat morning, the EA said there were other viewings booked and vendor wanted to go ahead with. Fair enough, EA called us back in the afternoon, said another couple (FTB) were interested but hadn't made an offer. Ok, we presume they told us this is an effort to up our offer, which we decided not to at that stage.

Today - heard nothing by lunchtime about our offer so my partner rings to ask the EA to ask the vendor what price would he want to take it offer the market as we are very interested but obviously can't proceed until our first offer is rejected. I call them back at 4.30 to find out the progress and they tell me they they were unsure of his response about the previous message as their colleague had spoken to vendor and they were unsure of response(?!) but did know the other people who were interested had lined up another viewing this evening She offered to ring vendor, pass on message. She ten called back literally 1 min later saying she couldn't get in contact.

Now, this all feels a bit dodgy to me. My partner thinks the EA is not passing on the message to him and we're getting a bit annoyed about not having our offer either rejected/accepted. We feel a bit in limbo as the EA just seem to be stringing it out. Considering it's not been on the market long, I have a feeling they're trying to get as much money as possible and thus, trying to keep it on the market longer (and that's fine, but why don't they just reject the offer so we can offer more?)

Considering we live opposite, and seemed to have a nice rapport with the vendor, would putting a note through his door just confirming our current offer and message about there being room to manoeuvre be odd?

davidmcn

I would just wait for their response, rather than appear overly keen to up your offer.

Fosterdog

It hasn't even been one working day since you made your offer, calm down, if you come across as too desperate they will just reject all of your offers until they max out your budget. Give it 2-3 days and then chase the EA again.

Firsttimebuyer2018

This happened to me with offered 5k under on the Saturday and didn't hear about our offer until Tuesday. It was so frustrating to wait but they eventually came back accepting our offer

eddddy

giddyG2001 wrote: »

...we are very interested but obviously can't proceed until our first offer is rejected.

...

(and that's fine, but why don't they just reject the offer so we can offer more?)

You can offer more if you want to. You don't have to wait for your current offer to be rejected.

(But whether that's a good negotiating strategy is another question.)

giddyG2001 wrote: »

...would putting a note through his door just confirming our current offer and message about there being room to manoeuvre be odd?

Well... I think that approach would guarantee that your offer won't be accepted.

If you say we're offering £x, but we're prepared to offer more - obviously they're going to reject your offer and ask for more.


TBH, it sounds like you're demonstrating to the EA that you are desperate and you are willing to offer more - so I suspect the EA will just sit back and let you sweat. On the basis that the more you sweat and the more desperate you get, the more you're likely to offer.

Plus, there are other people viewing, who may be prepared to offer more than you.

In your position, I would stop phoning the EA every few hours and wait to hear back.

Surrey_EA

giddyG2001 wrote: »

Now, this all feels a bit dodgy to me. My partner thinks the EA is not passing on the message to him and we're getting a bit annoyed about not having our offer either rejected/accepted. We feel a bit in limbo as the EA just seem to be stringing it out.

I think you need to relax a little. Not everyone makes quick decisions, it's the first weekend that the property has been for sale, and it would hardly be unusual for a seller to wait and see if any other offers are made before making a decision.

Buying a house can be a frustrating business, but a little bit of patience helps a lot.

warby68

You are being a little impatient.

Vendors probably want to compare offers and seem to be reasonably expecting at least one more quite soon.

You can improve your offer now if you want to - they don't have to formally reject the other one first.

You are also giving away just how keen you are of course.

Are you ready to proceed or do you need to sell? That could have a lot of bearing.

PS its a working day - not everyone can deal with such things at work or may want to wait to discuss it with a partner. Its not dodgy that someone is not immediately contactable.

harz99

OP, just as a matter of interest - are you in a position to buy this property without selling yours, or have you sold yours already?


If neither applies maybe you aren't in a position to rush anything or anybody?

giddyG2001

It's my partner who's buying and yes, he is chain free

Thanks all for the advice.

AdrianC

You live over the road. What are the chances of "accidentally" bumping into the vendor...? "Oh, hi - really liked viewing your place the other day. Have you had a chance to think about our offer yet?"

giddyG2001

AdrianC wrote: »

You live over the road. What are the chances of "accidentally" bumping into the vendor...? "Oh, hi - really liked viewing your place the other day. Have you had a chance to think about our offer yet?"

Ha, if only. Amazingly I'd didn't recognise the guy when we viewed the house. Although I know his neighbour and he knows mine!