Properties that say offers in excess of

MeteredOut

Toscaboy said:

Not good news, my offer was declined earlier, the sellers decided to go with someone who wasn't in a chain, not the highest offer, so gutted xxxxxx

Whilst not good news, you can reconcile yourself with the fact that you were never likely to get this house. Unless you were going to offer silly money over the initial price (which no-one here would recommend), the vendor was always going to go with the chain free buyer (not that you knew that at the time).

Slinky

Sorry to hear that it hasn't gone your way, but remember that statistically one third of sales fail to complete. We were offered a house we were outbid on in a bun fight when the purchaser withdrew. 

As it happened the day we were offered it, a better house 4 doors along came up for sale and the bun fight then ensued over that one. We got that one, but only after a very high offer as we knew the person who withdrew from the first house was also looking at the second one.

Keep looking for your new home, but try and find out where you were in the pecking order from the EA. As your sales chain progresses you become a more attractive option should the other purchase go wrong. 

mlz1413

Sorry to hear that but just carry on with your sale and plan to rent up there, that way you are chain free.  It can take 3 or 4 months to complete so even a 6 month initial rental period will fly by

ExEstateAgent

As said lots of sales fall through for all sorts of reasons. If the chain free buyers need a mortgage they may find that the lenders valuation isn't as optimistic as theirs .... 

My current property was 'sold' to someone else, I offered on it and they offered more. Then a week later the EA told me they'd changed their mind and it was going back on the market but I could have first refusal. 

Obviously you need to accept it's gone now and keep looking, but you never know! I am a big believer in fate. 

Toscaboy

I listened to all your advice and took a further plunge and made a last and final offer, a substantial one, and my offer was accepted based on no more reductions after the survey, unless it is something of a structural nature.
The seller's EA will take the property off the market after they have an ID check on me.
They also want £30 + VAT to carry out my ID check, which I found so frustrating, when my EA and solicitors accepted proof by passport and utility bill.
They also offered they arrange a survey for me, not something I'm happy with at the moment, as the survey on my property is next week, I would feel better to arrange a survey after that, rather than waste money inase my sale falls through. This is an absolute and utter nightmare, this moving game, but I feel will have to have the survey in case the sellers opt out again urggggh xxx

GDB2222

Toscaboy said:

I listened to all your advice and took a further plunge and made a last and final offer, a substantial one, and my offer was accepted based on no more reductions after the survey, unless it is something of a structural nature.
The seller's EA will take the property off the market after they have an ID check on me.
They also want £30 + VAT to carry out my ID check, which I found so frustrating, when my EA and solicitors accepted proof by passport and utility bill.
They also offered they arrange a survey for me, not something I'm happy with at the moment, as the survey on my property is next week, I would feel better to arrange a survey after that, rather than waste money inase my sale falls through. This is an absolute and utter nightmare, this moving game, but I feel will have to have the survey in case the sellers opt out again urggggh xxx

I am so pleased you are making progress. You are incredibly keen on this one house, so you need to jump through whatever hoops you are presented with, I’m afraid. Just grit your teeth and get the survey done.

It must be a very difficult time for you emotionally, so your decisions are being ruled by your heart, not your brain. That’s not a bad thing. It’s just the situation that you are in. But, your brain is still there, kicking up a fuss, like with the £30 fee. 

youth_leader

Wow @Toscaboy, what a turn up for the books.  I feel sorry for the person 'gazumped' - but glad for you.  Good luck, I hope this place has been worth all this angst.

As for your survey, I would recommend finding your own RCIS surveyor.   I went with a L3 but after my appalling experience with the floors, do remember they cannot lift carpets or move heavy furniture.  The slightest suspicion of damp I would also have an independent damp/timber survey.  

Wishing you much happiness for the future.

UnsureAboutthis

@ToscaToscaboy said:

I listened to all your advice and took a further plunge and made a last and final offer, a substantial one, and my offer was accepted based on no more reductions after the survey, unless it is something of a structural nature.
The seller's EA will take the property off the market after they have an ID check on me.
They also want £30 + VAT to carry out my ID check, which I found so frustrating, when my EA and solicitors accepted proof by passport and utility bill.
They also offered they arrange a survey for me, not something I'm happy with at the moment, as the survey on my property is next week, I would feel better to arrange a survey after that, rather than waste money inase my sale falls through. This is an absolute and utter nightmare, this moving game, but I feel will have to have the survey in case the sellers opt out again urggggh xxx

Congratulations.

Now keep on top of things and do not be afraid to chase your EA/surveyor etc etc.
You have only done what many others would have done in your position. Good luck with everything.

Toscaboy

Many, Many thanks everybody for your wonderful advice and opinions XXXXX

saajan_12

Toscaboy said:

I listened to all your advice and took a further plunge and made a last and final offer, a substantial one, and my offer was accepted based on no more reductions after the survey, unless it is something of a structural nature.
The seller's EA will take the property off the market after they have an ID check on me.
They also want £30 + VAT to carry out my ID check, which I found so frustrating, when my EA and solicitors accepted proof by passport and utility bill.
They also offered they arrange a survey for me, not something I'm happy with at the moment, as the survey on my property is next week, I would feel better to arrange a survey after that, rather than waste money inase my sale falls through. This is an absolute and utter nightmare, this moving game, but I feel will have to have the survey in case the sellers opt out again urggggh xxx

The £30 is frustrating but not material in the grand scheme of things so I wouldn't expend the effort on arguing. Definitely arrange your own survey, but usually these things are expected to run in parallel. It coul dbe some time before your buyer gets their survey results and any issues found are negotiated, so that could be a long wait. Considering your seller were initially going to go with a quicker sale rather than the highest offer, they may well pull out if you hold things up.