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

the_quick

we were in very similar position. View the house on Friday, made offer straight away bit below asking price. There were some viewings arrange for Sat and we did not hear anything till late Monday and it was accepted. Of course we were bit worried, but didn't want to appear to keen, so waited for agent to call. It is very exciting, but you need to appear cool headed, it will work to your advantage.

AdrianC

giddyG2001 wrote: »

Ha, if only. Amazingly I'd didn't recognise the guy when we viewed the house.

You recognise him now, though...

dunroving

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?"

If I were the vendor, this would make me feel VERY uncomfortable. I'd be thinking, "If I had an answer to that question, you'd have heard from me already" I think some vendors pay professionals specifically so they don't have to deal with negotiations directly with the buyer. It could end up being a very awkward conversation and is the sort of small detail that would lead some vendors to go with the other person. I think the OP just needs to chill.

the_quick wrote: »

we were in very similar position. View the house on Friday, made offer straight away bit below asking price. There were some viewings arrange for Sat and we did not hear anything till late Monday and it was accepted. Of course we were bit worried, but didn't want to appear to keen, so waited for agent to call. It is very exciting, but you need to appear cool headed, it will work to your advantage.

Although all situations and people are different, I think you have highlighted the key thing with the OP's situation. The vendor currently has options. He/she has not turned down the OP's offer maybe because he/she needs a bit of time, and to get a feel for what the level of interest is. I recently had an offer accepted within 24 hours because I offered £10k over asking, specifically in order to make them an offer they couldn't refuse. I think in this situation, most vendors would only respond within a short time if the offer was good enough that they think they won't get better.

Unless the vendor has a much higher offer, I can see him/her then negotiating with the current set of potential buyers, or going to a "best and final offer" date. At that point, the OP can submit a best and final offer.

Margot123

When you are all excited about a house, hours can seem like weeks!

Distract yourself by trawling through RM and having a few alternatives lined up just in case there happens to be another 'house that ticks all the boxes'.

ThePants999

Gosh, what a weird negotiating strategy. If I received either a note about "room to manoeuvre" or a question about "what price to take it off the market", you can guarantee I wouldn't be accepting the first offer even if I would otherwise have been inclined to!

Cakeguts

The vendor does have to go out and do some food shopping sometime. They won't be hanging on the other end of the phone waiting to get your phone calls.

cajef

giddyG2001 wrote: »

the EA said there were other viewings booked and vendor wanted to go ahead with.

There is your answer, if there are other people interested no doubt the vendors are not going to be rushed into making a decision until others have view.

davidmcn

Cakeguts wrote: »

The vendor does have to go out and do some food shopping sometime. They won't be hanging on the other end of the phone waiting to get your phone calls.

And if they're working, not necessarily able to chat to estate agents during the day - or to discuss with their other half.

warby68

Comeon, come on OP you haven't updated us and its been over 15 hours now !! Only teasing, but hope you've relaxed a bit overnight

Smodlet

It may come as a shock, OP, but buying a house takes a little longer than buying something from Amazon. Even they take one working day. I've waited three or even four before now! :eek:

You say your partner is chain-free; does this mean you have a property to sell? If you are not an FTB, I'll be amazed.