Making an offer on a house, Offers over.

Bigphil1474

When I see 'offers over', I convert that in my head to 'asking price is'. It's just EA speak to make you think that the house is worth more, or the vendor is adamant that's the minimum they'll accept. We offered on a lovely house last year, Vendor insisted that they wouldn't reduce the offer and we had to walk away as we couldn't go higher. A month later their EA got in touch and ask if we'd make the same offer. Too late, as we'd had an offer accepted on another house and were proceeding. Offer what you think it's worth. Unless it's your forever dream home, not worth overpaying.

TheJP

Mildreds_Earrings said:

I put a letter in with my offer, explaining that I wasn't in a chain and included my bank statement which showed I was a cash buyer. This was after a weekend of open house viewings. I only went £3.5k over and explained my reasons for doing so in the letter (comparable properties). The letter also explained I was ready to go and I included contact details of my conveyancing solicitors.

Estate Agent phoned Monday evening, by which time I had lost all hope, to say my offer was accepted, even though I wasn't the highest bidder. I was delighted! Letters are old fashioned but I couldn't trust the estate agent to explain everything to the seller and anyway, it worked! All the best. 

Trust me your letter wasnt even read by the seller. It was the price you offered and your position to proceed that got your offer accepted.