Offer rejected: what do I do…!??

Bigphil1474

We found at least 4 houses we would have loved to buy over the last couple of months, but we didn't offer on any as we hadn't sold ours. We've now sold ours and we're struggling to find the right house in the area we want to be in. It's a pain.

MobileSaver

Bigphil1474 said:

We found at least 4 houses we would have loved to buy over the last couple of months, but we didn't offer on any as we hadn't sold ours. We've now sold ours and we're struggling to find the right house in the area we want to be in.

Are the four houses you previously loved all now no longer available?

YoungBlueEyes

Bigphil1474 said:

We found at least 4 houses we would have loved to buy over the last couple of months, but we didn't offer on any as we hadn't sold ours. We've now sold ours and we're struggling to find the right house in the area we want to be in. It's a pain.

If it was me I'd ring the ea's of those houses and say you'd appreciate a ring if anything goes wrong with the sales because you were very interested in them but couldn't do anything as your house wasn't on the market, but it is now edit - and you've accepted an offer (hint hint). It'd save them the bother of remarketing and doing viewings again etc. It might not work but it sure won't do any harm. 

Elliott.T123

lookstraightahead said:

I also think most sellers are delusional. But it's their choice to be delusional. Personally I only ever offer what I think a property is worth to me, if they reject it, I walk away. I don't pay more because I want it (tbh I'm put off if I think I'm paying over what it's worth financially, the same with everything I buy). 

What you could do is leave your offer on the table and state why. Tell them you cannot budge, and that you believe they survey will bring up certain issues - although it will be argued that obvious issues have been factored into the price.

Never forget that this is just bricks to you at the moment. Yes you may create 'memories' there and it may turn into your 'forever home' (whatever that means as I like to keep life fluid). But really at this point it's just a practical decision, and there's plenty of other opportunities waiting. A bit like if you don't get a job,you don't go pleading with the employer, you look for another one.

I agree to an extent with you. The things to factor in though... A lot of people do not offer the maximum they think the property is worth on their first offer so they are still able to make a second offer that sits in the range of what a property is worth to them.

Secondly, yes, while that house is just bricks at the moment some bricks are far more suited to your life, in a better location and prettier than another pile of bricks. There is a point where you have a hard decision to make... This house is worth £300k to me, the seller has counter offered at £302k. There is nothing else on the market that is (in the right location/as pretty/as practically laid out/close to a school/has a big  garden/ inset other reason for buying) do I lose this for an extra £2000 or do I accept I have paid a little more than I valued it but have got a property I am very happy with.

It comes down to how you look at the world, some people may walk away but spend the next 5 years (or longer) looking back and regretting not getting that property. Other people may look at the same scenario and look back thinking what a lucky escape I didn't pay £2000 extra

NameUnavailable

Chains are a nightmare! Bearing in mind about 1 in 3 property sales fall through, and then factor in how many are in the chain that one is involved in, and you can figure the probability of the chain falling apart at some point!