New fresh offer after withdrawing from purchase?

RJM90

As a family we are wanting to relocate and we found a house that amidst an extremely hot market had been available via Purple Bricks since October (most houses are having offers accepted within days after listing).

Anyway, we put an offer on £3000 below asking price (172,000) and it was accepted. Since then we applied for mortgage and started moving quite quickly. This was until one of my builder friends noticed some worryingly large cracks in kitchen picture and offered to have a look at property before we paid for a building survey.

It wasn’t until I went with him that he pointed out how badly the extension on the back of the house was looking. With all the issues he said he would expect a repair to cost around £10,000. 

Hearing that we disappointedly withdrew our offer. However since then literally no properties are coming on the market and if they do viewings are full within minutes.

PurpleBricks keep us updated on the property we pulled out from and since last week there’s been four new viewings booked and still no offers. I was just wondering whether it would be seen as acceptable to come in with another much lower offer in say a month if it was still on the market? The vendors aren’t particularly in a rush to sell but I imagine if they’re having no offers they may feel to cut their losses and accept something lower.

Just wanted to see what you all thought?

PS. We also withdrew before anyone had to pay any major fees and pulled out amicably via email. She is not in a chain so nothing has been disturbed on the vendors side.

teachfast

Perfectly acceptable. Why would it not be?
She will either accept or refuse. 

Redwino222

I think as long as you are upfront about what you are doing and why it’s fine.

the owner might be nervous that you will withdraw again, so she will need to have a good understanding of your motives.

AnotherJoe

Only the vendor will know if its "acceptable"  but bearing in mind you'd need to geta mortgage on this and what soudns like subsidence would need disclosing I wonder if you'd get a mortgage on it?

AdrianC

Only the vendor can tell you if they'd accept or not. And, unless you put that offer in, you'll never know.

What's the worst that'll happen? They say "Nope, sorry, don't want to deal with you any more"? How is that worse than not even offering?

Mickygg

Just put the offer in. The usual process would have been lower your offer rather than pull out completely if you were still interested. If I was the seller I would be concerned as you pulled out you aren’t that keen or sure and if you see something better you will be off. It depends how desperate they are to sell and take the gamble on you not pulling out again. 

If you don’t offer you won’t know. 

eddddy

FWIW, I'll recount my experience in a similar situation...

• I had an offer accepted, then the survey uncovered a significant structural problem
• I reduced my offer significantly - by much more than £10k
• The seller went ballistic with me, refused to talk to me, refused me any further viewings/visits and essentially told me to f* off.
• But fortunately..., the EA was a very experienced 'old school' negotiator. He acted as the peace-maker. He talked the seller down. He explained that my offer was fair in the circumstances.
• The EA put a lot of time and effort into discussions with the seller and eventually, after a few weeks,  the EA persuaded the seller to accept my reduced offer. (But the seller was still furious with me, and wouldn't speak to me, and wouldn't meet me face-to-face.)

I'm pretty certain that transaction wouldn't have happened without an experienced EA/negotiator involved. As I understand it, purplebricks don't employ negotiators. They just pass messages backwards and forwards, and/or you have to contact the seller yourself directly - often by email. That might make things much harder for you in these sorts of circumstances.

But maybe your sellers will be much more reasonable about the situation.