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Buyers Not Interested?

akorn77
akorn77 Posts: 208 Forumite
Fourth Anniversary 100 Posts Name Dropper
in House buying, renting & selling
Hi. I'm selling a house for the first time ever. It's up for 450k and looking to achieve 440k. I received two offers on Sunday, outlined below.

  • Buyer A - Offered 420k. EA told them too low. They increased to 430k on Monday. EA told them yesterday at midday that I'm looking for 440k and asked them to confirm their best and final offer. They haven't reverted. 
  • Buyer B - Offered 425k. EA told them too low. Buyer said he would consider it and has not reverted at all (not answering EA's calls). 
I'm slightly baffled that Buyer A hasnt at least reverted and said 430k is their final offer. And judging by Buyer B's actions, am I right to say their not interested anymore? 

The EA said people can often come back days or 1-2 weeks later with improved offers. As mentioned I've never sold before so I'm not sure if I'm reading the situation correctly? If Buyer A came in with 435k I'd seriously consider it, but as they havent reverted, no final negotiation can occur. 
«1

Comments

  • Martin_the_Unjust
    Martin_the_Unjust Posts: 1,084 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    How long has your house been on the market?
  • GDB2222
    GDB2222 Posts: 26,511 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It’s better to have offered the house at £425k. Then you would have two buyers bidding against each other. 

    You can wait and see, or go back to the buyers at £435k. 
    No reliance should be placed on the above! Absolutely none, do you hear?
  • akorn77
    akorn77 Posts: 208 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    edited 26 January 2022 at 11:07AM
    Martin_the_Unjust said:
    How long has your house been on the market?
    This would be the 4th week. I've had 7 viewings, and 2 offers. 
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Just be patient. Buying a house isn't a two minute decision!
  • Rosa_Damascena
    Rosa_Damascena Posts: 7,108 Forumite
    Fifth Anniversary 1,000 Posts Homepage Hero Name Dropper
    RelievedSheff said:
    Just be patient. Buying a house isn't a two minute decision!
    Agreed, hold your nerve. 

    BUT also be realistic about your price expectations too.
    No man is worth crawling on this earth.

    So much to read, so little time.
  • akorn77
    akorn77 Posts: 208 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    edited 26 January 2022 at 11:21AM
    RelievedSheff said:
    Just be patient. Buying a house isn't a two minute decision!
    When I was buying my house, I was very excited and had my heart set on it, and didnt want to miss out. I negotiated the price down in a matter of hours. So it just feels odd to me that their willing to hang around and dwell on it, especially given that two offers came in on the same day. Which leads me to feel they arent that interested. I could be completely wrong, of course. 
  • GDB2222
    GDB2222 Posts: 26,511 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Is there lots on the market to choose from?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • akorn77
    akorn77 Posts: 208 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    edited 26 January 2022 at 11:27AM
    GDB2222 said:
    Is there lots on the market to choose from?
    Only 1 comparable property, which is on for the same price. That property is on a sharp corner, opposite a school and has no parking outside so is a far less desirable plot. Inside same condition. Supply is constrained everywhere. 
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    The potential buyers are doing exactly what any sensible person would.

    If they keep coming back immediately with higher offers, you'll know that they'll keep increasing. Equally, they don't want to give a hard no and lose the property.

    I'd be more worried if they immediately came back with another increased offer, as it would mean they're a bit dim and probably can't afford it.


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