We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
When to stop bidding when you’re the only bidder?
Options
Comments
-
You aren't 'bidding' you're just trying to agree a price that you want to pay and the sellers want to accept!
If you think its worth 175k, then offer that. If you don't, don't. Its not a game or a competition, its a huge purchase and hopefully your home!
Don't mess about with things like deadlines unless they start to take the mickey.0 -
From what you’ve said you’re in a strong position to go for 175 as a final offer. Forget about giving deadlines. Why antagonise? My seller accepted my matched offer because he felt bullied by another bidder who gave him 48 hours to accept the offer on the understanding that the offer wouldn’t be repeated it it went to sealed bids. After that he just didn’t want to sell to them.0
-
I defineltey see what you mean. This is the first house we’ve bid on so there’s still a lot of learning. My main concern is that we keep bidding and they keep rejecting even if we meet what they want, just to see if they can get more?0
-
What is the Home Report value? I would suggest that the vendors are looking for near that, not less than say £5k below it.
Agents seem to be able to persuade vendors that they should set the OO price to fit in with Rightmove price band searches, I would ignore the OO price and look at the market in the area and the HR value.0 -
changingmyways wrote: »found a house we love that has been in the market at offers over £174,995.
We decided just to go straight in with a bid if £170000 thinking that was a good bid. It was rejected, offered 172, rejected. We are going to put in a bid of 175 and think that!!!8217;s our very final bid.
They have also not given any indication of what they want.
They have or am I missing something.0 -
I'd offer the 175 but not until a couple of weeks after the 172, and with a statement this is you final offer.0
-
changingmyways wrote: »I defineltey see what you mean. This is the first house we’ve bid on so there’s still a lot of learning. My main concern is that we keep bidding and they keep rejecting even if we meet what they want, just to see if they can get more?
You aren't bidding, it isn't an auction. You are offering what you are willing to pay, you can stop at any time when you feel you have offered the most that the house is worth to you.0 -
changingmyways wrote: »They have also not given any indication of what they want.
Seems very clear to me.at offers over £174,9950
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards