OFFERED ASKING PRICE. VENDER FAFFING

Thrugelmir

SC22222 said:

Thrugelmir said:

SC22222 said:

the vender has told the EA that they want to wait until the end of the week for all of the viewings to be carried out before they make a decision.

Where's the faffing? Hardly an ineffectual use of time. Higher bids may yet be put on the table. Perfectly logical and what most people would do. Finding another property takes time. People have lives , work etc to fit in as well. Big decisions shouldn't be rushed. 

A miss choice of words everyone seems to be focusing on. The post was created to ask for advice in regards to whether or not it was normal. I appreciate you replying to say it is. As a first time buyer I have absolutely no idea if something is normal or not. Asking questions is the only way people learn after all.

FTB's are unsurprisingly anxious and impatient. Remember everyone has their own agenda. Seeing to be pushy may swing a vendors decision if there's a choice to be made.  Personally I always wonder what they'll be like to deal with when times get extremely stressfull. Making an offer is the easy part of what can be a tortuous period of time for all concerned in the entire chain. 

Continue to view other properties. Never wise to become heart set on just one property. 

Ramouth

Buying houses is really tough.  I have offered on houses and had to wait to be outbid.  I have had viewings cancelled because the vendor has accepted an offer before we were able to view.  I have felt cheated in both scenarios (while being aware of my own hypocrisy is feeling this way).  The only way forward is to keep trying.  Fingers crossed for you OP 🤞 

aoleks

what losses do you want to cut before moving on? you had a viewing, it's not like you spent thousands and were gazumped.

propertyhunter

It's such a minefield making an offer. Sometimes what you do works in your favour and at other times it works against you. For example, sometimes people offer the asking price and the vendor accepts straight off and cancels viewings, then there's the other scenario whereby the EA uses your asking price offer to stoke the fire, and tells all other potential buyers there's an asking price offer on the table - which can whip up a frenzy leading to multiple over asking price offers. 

boxer234

Perfectly normal I’ve had two asking price offers rejected in the last two weeks for offers over.  I had to wait a week each time.  

No41edwardianhouse

To add. We had an asking price offer on our house on the day the buyer viewed it. They were in a good position - not first time buyers but nothing to sell. We had found our onwards (being sold with same estate agent as we were selling). We had put an offer in but weren’t in a proceed-able position until the day after when we got our offer. We accepted the offer as soon as we had it. 

I’m not sure I agree with the view that buyers are annoying if they are pushy or persistent in their need to get updates. It’s a business transaction and to be fair, you shell out loads of money for searches etc so therefore want to know where you stand.  Imagine wanting to buy something and then putting money towards getting it and then having to wait a year to get it. It’s obviously the situation in some cases but also frustrating- I think it’s fine to set timescales and chase…it’s understandable. 

I feel sorry for the OP. I’d be the same. You make an offer in good faith. It would annoy me that the seller would be trying to make more money and use my offer as a lever to achieve this! On that basis I’d walk away. 

TheJP

No41edwardianhouse said:

To add. We had an asking price offer on our house on the day the buyer viewed it. They were in a good position - not first time buyers but nothing to sell. We had found our onwards (being sold with same estate agent as we were selling). We had put an offer in but weren’t in a proceed-able position until the day after when we got our offer. We accepted the offer as soon as we had it. 

I’m not sure I agree with the view that buyers are annoying if they are pushy or persistent in their need to get updates. It’s a business transaction and to be fair, you shell out loads of money for searches etc so therefore want to know where you stand.  Imagine wanting to buy something and then putting money towards getting it and then having to wait a year to get it. It’s obviously the situation in some cases but also frustrating- I think it’s fine to set timescales and chase…it’s understandable. 

I feel sorry for the OP. I’d be the same. You make an offer in good faith. It would annoy me that the seller would be trying to make more money and use my offer as a lever to achieve this! On that basis I’d walk away. 

The difference here is there is no contract or agreement of sale yet. The OP hasn't spent any money apart from petrol money getting to the viewing. If you are pushy at offer stage then that's red flags for the seller and it would be a no from me.

No41edwardianhouse

TheJP said:

No41edwardianhouse said:

To add. We had an asking price offer on our house on the day the buyer viewed it. They were in a good position - not first time buyers but nothing to sell. We had found our onwards (being sold with same estate agent as we were selling). We had put an offer in but weren’t in a proceed-able position until the day after when we got our offer. We accepted the offer as soon as we had it. 

I’m not sure I agree with the view that buyers are annoying if they are pushy or persistent in their need to get updates. It’s a business transaction and to be fair, you shell out loads of money for searches etc so therefore want to know where you stand.  Imagine wanting to buy something and then putting money towards getting it and then having to wait a year to get it. It’s obviously the situation in some cases but also frustrating- I think it’s fine to set timescales and chase…it’s understandable. 

I feel sorry for the OP. I’d be the same. You make an offer in good faith. It would annoy me that the seller would be trying to make more money and use my offer as a lever to achieve this! On that basis I’d walk away. 

The difference here is there is no contract or agreement of sale yet. The OP hasn't spent any money apart from petrol money getting to the viewing. If you are pushy at offer stage then that's red flags for the seller and it would be a no from me.

Fair point! 

[Deleted User]

I offered significantly more than the asking price for a house in the hopes of buying privately, but the sellers have put it on the market in the hopes of getting more. They are perfectly entitled to do so. From a buyer's perspective though, it is frustrating. They are probably just seeing how much they can get before they accept an offer, as there is every chance someone else will offer more.

lookstraightahead

Me, personally ...

I wouldn't have offered asking. But if I had and the vendor still wasn't happy, I would tell the EA that I'm still looking and that the vendor can accept or decline in their own sweet time. I wouldn't let the vendor call all the shots. It's their prerogative to not accept your offer or to wait, but you can choose your response.

I don't think it is a sellers market to be honest, but that's a separate debate. Up to you to do your own research on what you believe to be true. Emperors new clothes, as I keep saying.

Good luck - you would think offering what the vendor wanted would be enough. But no they want more more and some more.