Unmotivated Seller?

KeepingOnLearning

user1977 said:

KeepingOnLearning said:

Hoenir said:

Some people have jobs to do so they are unable to take time out of their day to focus on personal matters. 

So what is typical in your experience/view to have an offer rejected or receive a counter offer? As I shared earlier this definitely has not been our typical experience. We normally get an opportunity to raise an offer etc within hours.

They may have other stuff to do. Not every seller drops the rest of their life in order to attend to received offers. They may simply wish a chance to consult with partner/family/EA before responding.

(if anything it may be better that they are giving it more consideration rather than a kneejerk "give us more money" response)

Thank you. That makes sense. As I shared elsewhere it’s useful to learn from other experiences.

Albermarle

Could be the vendor is just very inexperienced and has little experience of any kind of business dealings, so does not know really how to respond.

m0bov

I would of expected something back either yes or no in a few hours. There is little point marketing a property, a big event for most, then not bothering to spend a few minutes to consider a deal.


My own experience is either a straight yes or no, or nothing at all. Often a vendor will instruct an agent to discount any offers under xx. So they basically ignore those offers 

I would suggest viewing others and not getting emotionally invested in this property.

Bigphil1474

If the property had been on the market 3 months with very few offers, I'd expect a quick response. If it's been on a week I'd expect a 'thinking about it' response as they'll be seeing if there's any more interest/viewings etc. Or maybe they have a viewing booked in and are waiting to see if they offer. So many variables, not to mention what ever circumstances the seller has - if there is a partner involved, it could be a divorce situation so needing to get the other halves agreement etc.

When we sold our house last year, we got a low offer almost straight away which we were tempted to take. We took a few days to think about it, and turned it down as we weren't in that much of a rush to sell. We sold it a couple of months later for £10k more, and we felt it was worth hanging on. 

The people you are buying from won't usually have an onward purchase in place as they can't put a proceedable offer in until they have sold. Basically, most chains are built from the bottom up. Sounds like you are the bottom. It could be a short chain or a very long one, or anything in between. 

Herzlos

Anyone with young kids is going to take way longer to do stuff than you're used to. I think in general though a response to an offer within a couple of days is normal, especially if there's a lot of interest.

She likely does want to sell but since she's downsizing she probably doesn't have the same sort of urgency about it that you do.

KeepingOnLearning

Update: we got a response to our offer via the agent just over 24 hours later. This seems fast based on what others seem to be sharing but in our experience it’s usually a couple of hours for a response. 

Thanks anyway everyone. 

P.S. first time poster and didn’t realise to option to edit is so convoluted.

KeepingOnLearning

Albermarle said:

Could be the vendor is just very inexperienced and has little experience of any kind of business dealings, so does not know really how to respond.

Thank you. 

We wondered the same thing or that they may need to discuss it with wider family first. 

KeepingOnLearning

m0bov said:

I would of expected something back either yes or no in a few hours. There is little point marketing a property, a big event for most, then not bothering to spend a few minutes to consider a deal.


My own experience is either a straight yes or no, or nothing at all. Often a vendor will instruct an agent to discount any offers under xx. So they basically ignore those offers 

I would suggest viewing others and not getting emotionally invested in this property.

Thank you. 

We did get a response just over 24 hours later that our offer has been rejected but still no counter offer. And, to get in touch if we what to increase the offer. 

Based on others experiences it seems 24horus for a response is fast. All we can share, is that we normally get a response within a couple of hours. 

We’ve other properties lined up as this is just feeling increasing off. Just as someone wants a prepared buyer, we too want a prepared seller. Of course we can wait to a degree for the person to find a home once an offer is accepted, but at this stage they should at least know what number is right for them to accept at that. Without even a counter offer we are left wondering ‘Increase to what ?’.

Thanks for your input. That was helpful.

KeepingOnLearning

Bigphil1474 said:

If the property had been on the market 3 months with very few offers, I'd expect a quick response. If it's been on a week I'd expect a 'thinking about it' response as they'll be seeing if there's any more interest/viewings etc. Or maybe they have a viewing booked in and are waiting to see if they offer. So many variables, not to mention what ever circumstances the seller has - if there is a partner involved, it could be a divorce situation so needing to get the other halves agreement etc.

When we sold our house last year, we got a low offer almost straight away which we were tempted to take. We took a few days to think about it, and turned it down as we weren't in that much of a rush to sell. We sold it a couple of months later for £10k more, and we felt it was worth hanging on. 

The people you are buying from won't usually have an onward purchase in place as they can't put a proceedable offer in until they have sold. Basically, most chains are built from the bottom up. Sounds like you are the bottom. It could be a short chain or a very long one, or anything in between. 

Thank you. As it transpires we have had our offer rejected with no counter offer just over 24 hours later, which I gather for some seems like a fast response. For reference again, we are used to a couple of hours for a response and usually a counter offer or some number the seller wishes to go to. We also are normally told if there are other viewings and the seller is waiting on them. Or, it may go to beta and final. Of course you are right, there are so many variables hence my orginal post.

We also wondered if there is divorce situation going on as there didn’t seem to be any evidence of another adult in the house and by the end of the viewing the young boy was lurking around us at the end of the door when we were leaving. It seemed a bit sad. Hard to explain. You had to be there.

KeepingOnLearning

Herzlos said:

Anyone with young kids is going to take way longer to do stuff than you're used to. I think in general though a response to an offer within a couple of days is normal, especially if there's a lot of interest.

She likely does want to sell but since she's downsizing she probably doesn't have the same sort of urgency about it that you do.

Thanks. A lack of urgency to us translates as an unmotivated seller. I guess we all have our our interpretation of what that means. 

As it has transpired, we did receive a rejected offer around 24 hours later which as I gather is quick for some. We still find it strange that there is no counter offer.