Have I done the right thing??

Nutella18

Sooo.... I put an offer in for my dream house a closing date a month or so ago. I missed out by “quite a bit” but. I was 2nd highest bidder with another 5 or so below me.

Surprise, Suprise! Phone call today to say the sale has fell through and they say if my offer is still on table it’s mine!! I was ecstatic to say the least but I did ask if the offer is up for negotiation since I did not get it to start with. They did say it’s up to the client but as there were other offers and they could go back to the market etc.

I feel happy paying what I offered initially but I now have family members saying I should push for a lower deal and that other buyers may have offered on other places by now and putting back on market costs etc ... I did say to EA can I meet in middle of me and offer below me they said there is literally nothing in it ££ and tbh I do not want to P* off the clients as they have already been messed about...

Just looking for opinions ... :beer:

[Deleted User]

You offered what you were prepared to pay and it sounds like you really want the house so I think you're playing a risky and slightly cheeky game.

[Deleted User]

I feel happy paying what I offered initially

Well there's your answer. Would you want to lose it for a second time for the sake of a few ££?

Davesnave

You've been given a second chance on what you call a 'dream house,' but now your family think your initial offer was too high.

What's changed? Never mind what others think, you've seen comparable properties, and provided you know what some of them actually sold for, you'll be able to judge if this one is worth the amount you offered.

It doesn't matter what others think; it's what the house is worth to you that counts. Provided that's based on careful research, not just sentiment, you won't go far wrong.

eddddy

Nutella18 wrote: »

I feel happy paying what I offered initially but I now have family members saying I should push for a lower deal and that other buyers may have offered on other places by now and putting back on market costs etc ...

I guess you'd need to find a credible reason for reducing your offer.

You can't really say "I'm reducing my offer, because I think I can screw you and get away with it".

If the seller gets that impression, they might decide to sell to the 3rd highest offer, just for revenge.

(And I guess other people often like to give 'macho' advice about reducing offers etc., when they have nothing to lose.)

Nutella18

I do have till tomorrow but I am going to go for it just doubted myself after speaking to family my decision at the end of the day it’s not them paying for it and I am well chuffed ...:D

Nutella18

Basically their opinion is that they may negotiate and he is advising a put in a silly offer... I am not going to risk it though!! So excited woooo:beer:

[Deleted User]

Good choice, best of luck!

DaftyDuck

Ask the agent exactly why the other deal fell through, and try to get a written answer. If it fell at survey or valuation....

Sibz

DaftyDuck wrote: »

Ask the agent exactly why the other deal fell through, and try to get a written answer. If it fell at survey or valuation....

This is what I was thinking - but I'd be sceptical in believing what the EA tells you (why Duck said to try and get in writing - though that may not even be of use entirely).
I'd say sales more often fall through for survey reasons than no prepared finances. For example - I'll bet you've organised your funds before you offered etc...

Slinky

We were outbid on a house but it came back to us about a month later. The agent told us the outbidder was having financial issues. We were offered the house again, but ended up buying one four doors along. When we viewed the second house, the different agent told us that the outbidders had also veiwed the second house, and pulled out of the first house as they were concerned about structural issues with the lintels. The second house (the one we eventually bought) has them too. As it turns out the first house the movement in the lintels was historic and only required cosmetic remediation.


So you can't necessarily believe what anybody tells you is the reason a sale falls through.