Had an offer... but...

getmore4less

The only ones being flexible so far are your potential buyers as they have made two offers one with a tight deadline one with the thye will wait.
Remember that difference is only topping up their rent costs. £1,500 can go a long way with they have a big mortgage they are not paying.

Also don't forget they can just leave the offer on the table go to rented and keep looking.

The problem is your vendor has not got anywhere and that could take ages, they could complete and find temp accommodation, in the mean time they could find somewhere decide they need more and re-market or even get fed up and change their mind on moving.

YOu have kept on looking for somewhere you can buy because at the momnet you don't have an onward purchase.

Jeepers_Creepers

Ah, you have found your new home, so it's the next person up the chain who would potentially hold things up. That's good from the emotional guilt position!

 You have to make this call - there is no right or wrong answer, I don't think. Just weigh up pros and cons.

You say "...we are still pushing our buyers for 185, we will only take it off the market and not do the weekend viewing for 187", so that says clearly to me that you will let the weekend viewing go ahead without making a decision on the current offer? I think that's perfectly reasonable; taken down to its basics, you've had an early offer made on your house, it's less than you wish to accept, and other viewings have been already been booked in.

If the current offeror (blimey - that's seemingly a real word) backs out in a fit of pique from you delaying your answer by a few more days, then I would conclude that it was only a tenuous offer from them at best. If you make a 'low' offer on a place, you are taking a gamble, so cannot be surprised if the vendor continues to entertain existing viewings before making a decision. 

But - your call :-)

If you proceed with the weekend viewing, make sure the EA focuses the mind of their new client that they need to make a decision pdq if they are interested...

On that point, what does your EA suggest you do? Curious... :-)

warby68

Their offer is decent - they split the difference between their first offer and your counter. They even sweetened the deal if you could move quickly. 
For £1500 you look like the party who will be difficult to deal with and you are already not a very attractive vendor with no onward purchase firmed up/chain complete.
You really have to get it out of your head what each of you can afford versus what you are willing to pay.
No need to rush with other viewings , you can politely agree to decide after these but be careful you don't lose sight of what a good offer looks like - decent people and proceedability are worth a lot more than £1500.

Scythi

warby68 said:

Their offer is decent - they split the difference between their first offer and your counter. They even sweetened the deal if you could move quickly. 
For £1500 you look like the party who will be difficult to deal with and you are already not a very attractive vendor with no onward purchase firmed up/chain complete.
You really have to get it out of your head what each of you can afford versus what you are willing to pay.

But we do have an onward purchase, its all ready to go, offer has been accepted, issue is we dont know when they will find a new house.

getmore4less

Scythi said:

warby68 said:

Their offer is decent - they split the difference between their first offer and your counter. They even sweetened the deal if you could move quickly. 
For £1500 you look like the party who will be difficult to deal with and you are already not a very attractive vendor with no onward purchase firmed up/chain complete.
You really have to get it out of your head what each of you can afford versus what you are willing to pay.

But we do have an onward purchase, its all ready to go, offer has been accepted, issue is we dont know when they will find a new house.

far from it, currently you have nothing but a dream to look forward to.

RelievedSheff

Scythi said:

warby68 said:

Their offer is decent - they split the difference between their first offer and your counter. They even sweetened the deal if you could move quickly. 
For £1500 you look like the party who will be difficult to deal with and you are already not a very attractive vendor with no onward purchase firmed up/chain complete.
You really have to get it out of your head what each of you can afford versus what you are willing to pay.

But we do have an onward purchase, its all ready to go, offer has been accepted, issue is we dont know when they will find a new house.

Could you suggest to the vendors of the property that you are buying that they move into rented if nothing comes onto the market that they fancy. They might be willing to do this to keep the sale?

Scythi

RelievedSheff said:

Scythi said:

warby68 said:

Their offer is decent - they split the difference between their first offer and your counter. They even sweetened the deal if you could move quickly. 
For £1500 you look like the party who will be difficult to deal with and you are already not a very attractive vendor with no onward purchase firmed up/chain complete.
You really have to get it out of your head what each of you can afford versus what you are willing to pay.

But we do have an onward purchase, its all ready to go, offer has been accepted, issue is we dont know when they will find a new house.

Could you suggest to the vendors of the property that you are buying that they move into rented if nothing comes onto the market that they fancy. They might be willing to do this to keep the sale?

This has been suggested to them. From what ive heard, its unlikely.

We have decided to accept the "no pressure" £183500 offer, still open to this other viewer Saturday though, if they offer it will change everything.

blue_max_3

Scythi said:

We have decided to accept the "no pressure" £183500 offer, still open to this other viewer Saturday though, if they offer it will change everything.

So you are not really accepting their offer. If I had an offer accepted and then you took another, I'd be pretty sore.

Scythi

blue_max_3 said:

Scythi said:

We have decided to accept the "no pressure" £183500 offer, still open to this other viewer Saturday though, if they offer it will change everything.

So you are not really accepting their offer. If I had an offer accepted and then you took another, I'd be pretty sore.

If someone offers higher, youd expect it to be accepted over yours

SameOldRoundabout

Scythi said:

blue_max_3 said:

Scythi said:

We have decided to accept the "no pressure" £183500 offer, still open to this other viewer Saturday though, if they offer it will change everything.

So you are not really accepting their offer. If I had an offer accepted and then you took another, I'd be pretty sore.

If someone offers higher, youd expect it to be accepted over yours

No, you wouldn’t. When you make an offer you expect the house to be taken off the market and the vendor to have some honour. There’s a reason people thinking gazumping should be illegal. If I were your buyers I would withdraw my offer unless it was taken off the market. What is the point of applying for a mortgage or doing anything to make progress if your vendors are still marketing and hoping for more money?! 

Edited to add, I say that as someone who had a MUCH higher offer given on my sale early this year, but I turned it down as I couldn’t dash my buyers dreams like that. And also had someone attempt to gazump our purchase after it was removed from the market but thankfully had an honourable vendor!