Rejected Offers

V46R

So last Thursday I went to see the second flat, however I got a call from the first EA asking if I had seen it yet, when I replied that I was going that evening she said "oops, I've rang prematurely, sorry". I wasn't sure what to make of this.

Flat number two was not as nice and would need a lot of work, so I would prefer flat one, but I am willing to do the work if I get it at the right price.

I have since noticed on Zoopla that flat number one is "under offer". Is that because it's had offers or because it's basically sold?

Thank you for your help

kinger101

V46R wrote: »

So last Thursday I went to see the second flat, however I got a call from the first EA asking if I had seen it yet, when I replied that I was going that evening she said "oops, I've rang prematurely, sorry". I wasn't sure what to make of this.

Flat number two was not as nice and would need a lot of work, so I would prefer flat one, but I am willing to do the work if I get it at the right price.

I have since noticed on Zoopla that flat number one is "under offer". Is that because it's had offers or because it's basically sold?

Thank you for your help

Under offer basically means the vendor has received an acceptable offer, and both parties are now proceeding with the purchase.

The estate agent is unlikely to conduct further viewings (it's not in their interests to do so) but they are obliged to pass any other offers on to the vendor.

It appears the agent was pretty frank with you throughout the whole process, but you decided you didn't want to offer more. Which is fair enough. Just understand the agent wasn't playing games. The vendor decides what price is acceptable.

diggingdude

Maybe offer your best price on the original flat and see what they say

V46R

They have another flat that I'm interested in so I'm going to enquire about it but also ask about the original flat. For the money I would spent in flat 2 it would be silly not to try a last minute bid for flat 1.

highguyuk

V46R wrote: »

They have another flat that I'm interested in so I'm going to enquire about it but also ask about the original flat. For the money I would spent in flat 2 it would be silly not to try a last minute bid for flat 1.

I wouldn't hang around with the offer on Flat 1. Bid your best price and see how it goes.

V46R

I'll do that.

kinger101

V46R wrote: »

For the money I would spent in flat 2 it would be silly not to try a last minute bid for flat 1.

Not something I'd do. If your offer is accepted, it's because the vendor is happy to engage in gazumping. Who's to say they won't accept another higher offer later on, perhaps after you've incurred expenses on surveys and legal fees?

Either you had a top price and you stuck to it. Or you would have paid more but lost out through dithering. If it is the former, good on you for sticking firm. If it is the latter, you're not the first person this has happened too (been there myself). It is a risk you take with making slow increments.