Offered asking price - rejected. Tactics?

walwyn1978

AnotherJoe wrote: »

Irritates the bejasus out of me when vendors won't accept an AP offer.
Assuming you don't totally wish to rule yourself out, I would withdraw and tell the agent you might be susceptible to a similar price were they to change their minds but yiu are looking at other houses

This for me. If you want more than asking, then your asking price should be higher. We’ve pulled out of a house purchase before when we offered asking and were told no, there were other viewings booked and they might offer more than asking.

View on the other one, if you like it offer on that, if you don’t like it as much give the vendor a short deadline to accept your bid or you’re offski

yojimbo_beta

Thanks all.


I've decided to walk away for the time being, at least until I've seen some other properties (including the one £15k cheaper).


The price is partly the cause, but the bigger concern is the vendors themselves. It's not clear whether they actually want to sell this property: they keep thundering about letting it instead, and when they rejected my offer part of their rationale was that they'd lose money compared to filling it with a tenant.


Honestly I suspect they are trying to have their cake and eat it: the cashflow of a landlord but the capital of a happy seller. This makes me nervous. The one thing I need as a buyer is someone who is serious about selling their property. I don't want to be three months in only for them to change their minds, or worse be compelled by their finances to ditch the sale and let it instead.


There will be other flats.

AdrianC

yojimbo_beta wrote: »

...the bigger concern is the vendors themselves. It's not clear whether they actually want to sell this property: they keep thundering about letting it instead, and when they rejected my offer part of their rationale was that they'd lose money compared to filling it with a tenant.

Honestly I suspect they are trying to have their cake and eat it: the cashflow of a landlord but the capital of a happy seller. This makes me nervous. The one thing I need as a buyer is someone who is serious about selling their property. I don't want to be three months in only for them to change their minds, or worse be compelled by their finances to ditch the sale and let it instead.

At least they aren't accepting your offer then flip-flopping about.

Until there's a memorandum of sale issued, there's nothing - an offer has not been actively accepted, so might as well be rejected.

There will be other flats.

Always!

Samsonite1

I think you are doing the right thing - they sound like they are a nightmare and they may have done you a favour by not accepting your offer - no stringing you along.

You pay for the property and not the seller's financial circumstances. Maybe they have a £10k credit card to pay off, so you should also pay for that!

csgohan4

Annoying, why have an asking price and not stick to it. I can understand if they put 'offers in excess of x amount'

Might want to feed that back to the agent and that it is misleading/greedy