Estate Agent Playing me?

BoGoF

If you are aa minted as you claim to be, what's another £5k.......you clearly want the house.

AnotherJoe

Katetheplate wrote: »

We're going to be looking at other properties now anyway as these sellers are obviously not serious. Not got the time or patience for games. They can cling on for that offers over £235k and risk another chain collapse.
Its you thats been playing games, making incremental bids when the vendors clearly have not only set a bottom line but told their EA not to pass on any bids below that bottom line.They've been very clear, "here's our bottom line", thats it. You may not agree with that bottom line, but its clearly you that are still messing about with different bids.

I came on here looking for some advice not to be shouted at by a bunch of strangers lol.

You've had plenty of advice from different posters all boiling down to

• Make your best and final
• Don't try reasoning about which feature in which house makes it worth more or less.
• Don't do incremental bids to the extent you've done, it makes it look like you will gazump last minute even if you wont.

I dont know if this is your "dream home" but if its one you really want and will be in for many years, then maybe you are cutting off your nose to spite your face, you talk about them being "stubborn" but you and partner are equally stubborn, are you not? You are the ones that will miss out living here, the vendors will just miss out few quid (or not if they eventually get the price that, perhaps, they need and not just want.

And if its not your dream home and you'll only be there a few years before moving on, why all the angst ? You should have made your BAF and moved on.

Good luck when it come to sell your next house and your find an entitled FTB thinking they deserve a bargain despite whatever it is that means you have a bottom line and you cant move unless you hit that.

warby68

Take the hostility out of the situation. You clearly love the house and are very cross that you can't currently boss the vendors about.

Divorces can make for difficult sales - often one party at least is not very well motivated. 2 people needing to rehouse themselves can easily explain needing a certain price.

Leave your final offer on the table. Ask the agent to convey to the vendors that you understand it is below their current bottom line but you would like to leave it there in case their circumstances change before you find an alternative property. Tell them you love the property but that £230k is your current maximum. Try never to burn bridges when you don't have to.

There is ZERO point trying to justify their perceived unreasonableness out loud. It will only put them off you. Your attitude demonstrated here would have put me off you already. I know you don't like hearing that but its true.

House buying is a bit of a strange art, part business and part emotion. If both parties feel the negotiation gave them a 'win' its much more likely to get to the finish line.

To get a house you REALLY want sometimes you have to pay a little more than your pride really wants you to.

lookstraightahead

Op make a final offer you are happy with and then walk away if it's not accepted. End if.

They are entitled to say no and sit in their precious property for ever if they like, but also you need to realise that this is the property market, full of negotiation, playing about and high expectations on both sides. It's their house to decide what to do with.

So, just offer what you want to pay for it. You're in a great position with no chain, then go find something else. But the world doesn't owe you anything either.

MalcRH12

The house is listed as offer IN EXCESS OF £240k and you start the negotiations at 210k. That is baffling beyond belief. I wouldn't sell to you after that first offer. It's their house, they've already stated they would take 5k off and sell for 235k. By all means submit your final offer of 230k but expect to lose out on the house. Move on, end of.

Lungboy

Katetheplate wrote: »

Thanks but I'm not playing any more games. We'll go up to 230k and not a penny over. Would you pay 5k more for a sale that was agreed at 230k?

If house prices had gone up in the time between the accepted offer and my offer, then yes I would. For context, that's a 2.17% rise, easily within the realm of possibility given a reasonable timeframe.

"I'm ever so sorry Mrs Oldlady, but you accepted an offer on your house for £800 in 1963 and you still haven't sold it, so I can't possibly offer you a penny over £800 now."

System

Am I missing something here?? The estate agent messed me about right from the start... Who's to say they aren't playing more games with this speele?? The property is only worth what someone is willing to pay for it.... Simple

Bacon_Sandwich

Some people won't sell to first time buyers, because they believe FTBs are naive, have less to lose from pulling out of a sale, have unrealistic expectations, a massive sense of entitlement, and an embarrassing over-estimation of their credibility as buyers. I cannot for the life of me think why sellers get that impression.

firsttimeworrywart

Katetheplate - You have to put yourself in the sellers shoes. You say the property is only worth what someone is willing to pay for it. It's their home, to them it's worth what they think it's worth, which is why they keep declining your offer. Someone else will come along and offer them what they want if you don't put it forward. I wouldn't offend them any more by going in lower than what they're asking for.

If you honestly love the property and can see yourself living there, meet them at their expectations.You need to form a good relationship with the seller if you want this to go through. Otherwise, I would say, suck it up, go look at other houses and lower your own expectations of sellers being attracted to you because you're a FTB. I'm also a FTB, currently in the process of buying a house that was listed for slightly more than what we thought it was worth, but because we fell completely and utterly in love with it, we've agreed to meet the seller at what they want and move forwards. You're in no better position than anyone else I'm afraid.

lookstraightahead

MalcRH12 wrote: »

The house is listed as offer IN EXCESS OF £240k and you start the negotiations at 210k. That is baffling beyond belief. I wouldn't sell to you after that first offer. It's their house, they've already stated they would take 5k off and sell for 235k. By all means submit your final offer of 230k but expect to lose out on the house. Move on, end of.

To be fair as a buyer I would never offer at OIEO and as you've said the seller IS willing to sell for less. Loads of people sell for less than what they have stated they won't sell for less than. I find it a weird marketing tool which just makes the seller look arrogant.

It is their choice though, just saying as a buyer, even if I could have afforded it, I wound have overlooked even viewing it because of that acronym!