Why would a vendor just not reply to an offer on their property?

dander

housebuyer143 said:

I made a lowish offer once and the seller didn't refuse it, just took the house off the market 🤣🤣 
It was strange, but some people are strange. 


24 hours isn't long though.

Yeah, I feel like this might be where this is headed. When an offer is within spitting distance of asking in a market like this, there really isn't days worth of mulling do be done unless you are considering something like that. 
I have a buyer who wants a fast move and every day a vendor p***** me around, I'm p****** them around, so I'm not in a position to wait around for them to play stupid games. 

dander

Hoenir said:

If there are other viewings booked this week. I'd wait to see the outcome of these. Nor would I respond immediately to a low offer. From experience those that do rarely end up buying the property. 

Well, people you just ignore definitely won't end up buying the property, will they?

oldernonethewiser

If you feel they are taking too long to respond, which I don't, then withdraw your offer and look elsewhere.

bluelad1927

dander said:

housebuyer143 said:

I made a lowish offer once and the seller didn't refuse it, just took the house off the market 🤣🤣 
It was strange, but some people are strange. 


24 hours isn't long though.

Yeah, I feel like this might be where this is headed. When an offer is within spitting distance of asking in a market like this, there really isn't days worth of mulling do be done unless you are considering something like that. 
I have a buyer who wants a fast move and every day a vendor p***** me around, I'm !!!!!! them around, so I'm not in a position to wait around for them to play stupid games. 

You sound like it's all about you.  .

You can make as many assumptions about other people to suit your own agenda but ultimately its a waiting game
If you are in no position to be 'p*****""' about then don't wait around

Blues25012

You seem to be massively over thinking things. 

In my limited experience of two purchases 24 hours is a blink of an eye. By the end of our second move I'd rather put pins in mine than do it again. 

It's a stressful enough time for most people, just relax, for a lot of people it's a big decision. 

peterhjohnson

There is no rule that an offer should be responded to within 24 hours. Just as there is no fair price for a 3 bed semi in Hartlepool :-). You may have a very good reason for wanting a rapid response. The seller may have a very good reason for taking longer than you can tolerate. In which case, you are not going to be buying the house.

For similar reasons, a "fair" offer for the 3 bed semi in Hartlepool may not result in a sale.

Summary: Some other people are not like you :-)

Albermarle

housebuyer143 said:

I made a lowish offer once and the seller didn't refuse it, just took the house off the market 🤣🤣 
It was strange, but some people are strange. 


24 hours isn't long though.

Yes as they used to say where I am from ' There's nowt so queer as folk' 

vacheron

dander said:

Hoenir said:

If there are other viewings booked this week. I'd wait to see the outcome of these. Nor would I respond immediately to a low offer. From experience those that do rarely end up buying the property. 

Well, people you just ignore definitely won't end up buying the property, will they?

Not necessarily.

As an example, I have lots of things for sale on eBay, many with a best offer option. 

I was surpised how many people would put in an offer and then become attached to the item and end up paying the full price regardless before I even got round to responding. 

Now I deliberately ignore offers for the first 24 hours, and I would say that 25-30% of offers turn into full price buys during that time.

The seller may be the same, especially if you are only a couple of % away which would indicate to me that you don't consider their asking price that unreasonable. They may be thinking you could easily offer full price if you got spooked, or thought you were going to potentially miss out.

So there could be more psychology at work than you think, either by a savvy seller, or their estate agent who plays these mind games for a living.

Or alternatively, they simply aren't as motivated to respond as you are to get your reply. 

 

theartfullodger

There's no law saying vendor has to reply at all.  However, they are sending you a message - "not at that price, bump it up if still interested".

Talk to agent & see what they say, but remember that they work for vendor, not you.

Over 20 years ago I made a really low offer (over 25% off..), but cash purchase, quick completion.   The agent 'phoned me and said vendor had never been so insulted, how dare I make such a terrible offer etc etc etc . (The bluntest and rudest an agent ever spoke to me). 

I thanked them kindly & politely for their words (ALWAYS be calm and polite).  A week later repeated the exact  same offer, in writing from my solicitor.  Accepted. I sold it in 2022, a good purchase.

There is no requirement for a vendor to be sensible or rational.  Nor  agent: Nor purchaser.. 

Martico

theartfullodger said:

There's no law saying vendor has to reply at all.  However, they are sending you a message - "not at that price, bump it up if still interested".

 

I wouldn't read that message after only 24 hours. It could be for so many other reasons - too busy / want to assess other offers once more viewings have taken place this week, etc and so on