Unrealistic EA/Vendor?

AdrianC

davilown said:

So just an update on this one - we increased the offer on the table to £495k last week, and, following some further pleasant negotiations with the EA, now have an offer of £502,500 accepted.

Going back to the original...
Marketed at £525k three months ago, little interest.
You offered £465k then £486k.

I'd say the EA has done a very good job for their customer there.

LAD917

I usually prefer to wait out sellers v. offering at a price that I don't think will trigger negotiations.  There's no benefit to me, and there is benefit to the sellers. They get a "floor" / worst-case number, and the EA gets to tell other buyers that the property has a pending offer.

I also generally walk away if sellers ask me to increase my offer without making a move themselves.  As a rule, I don't negotiate against myself.  If the seller isn't willing to make a counter-offer, that's fine - they can come back to me if they change their mind. Some have.  Others haven't.

That said, I am usually flexible in my property purchases, and I put more weight on getting a deal v. getting something very specific.

ss2020jd

davilown said:

So just an update on this one - we increased the offer on the table to £495k last week, and, following some further pleasant negotiations with the EA, now have an offer of £502,500 accepted.

Still slightly above what we wanted to pay, but a little bit of extra cash over the next 10 years just means less breakfast at the local cafe on the weekend! 

Very happy with this result, as house is great for us.

Possibly a little bit disingenuous to the EA on my first post, think they were rather busy during the period of our first few offers. Impressed how he handled it all in the end.

Well done on getting the house you wanted and it sounds like both seller and buyer are happy. Now the exciting part begins. Best of luck with everything.