FTB - Am I gazumping?

ktf2020

Thanks all. Just had our offer of asking price rejected straight away, they 'need it to be in excess of 300K so they can make their onward purchase.' Not sure how incrementally to go up from here? Can't go above £310 due to deposit size.

ktf2020

She must be buying a very fancy bungalow!
(Which actually is very possible, there's an area near the house known for being where people go for a lovely retirement!)

sammyjammy

So they need more than the price they are asking?  Have reduced the price just to reel people in? I am a cut off my nose to spite my face kind of gal, would walk away.

happysellerbuyer

Your offer is currently being leveraged against the previous buyers. Just say Final offer and leave!!

steve866

So was it on for offers over £315k and they reduced to offers over £300k? To be honest they sound like difficult people to work with and I would walk away at this point.

ktf2020

We've had a (slightly higher) counter offer accepted! Thanks for all the advice. Who knows what was going on behind the scenes and maybe we've been tricked into paying a few extra thousand but we are happy we can afford it, the property is worth it and we haven't seen anything else close on the market. So overall very happy! Thanks everyone!

Crashy_Time

Falafels said:

You can ask the estate agent about the other offer, but whether you’ll get an honest answer is another matter. They’re acting for the seller, to maximise the sale price.

What I would do personally - though others may disagree - is go to the asking price. If they’ve recently dropped it by 15k they probably won’t want to go lower than that, but if something unexpected comes up on the survey then you can discuss it at the time.

Good luck!

Don`t roll over too easily, try to squeeze another 5k off on top, that is probably fair in this economic climate, what a seller want and what they may get are two completely different things.