Offer rejected

firstTimeBuyer_2-2

I'll better that, my first offer was £75,000 as the house has been on for over a month and only had 1 previous offer which was really low but fell through due to the buyer not being able to get a mortgage.

The rest of the houses in that area aren't really selling, I don't like the system either but I'm stuck with it.

Cheers

firstTimeBuyer_2-2

Guy_Montag wrote: »

My thoughts:

1) Offers over £75k, but we're not taking less than £82.5. WFT not put it down as OO £82.5 then. F'ker.
2) I think you were probably misguided to start low & increase quickly; start low & wait. Let them come back to you. If someone came to me & went: I'll give £2k for the car mate. Not enough. £2,200. Not enough. £2,400. Not enough, hmm, how far can I push this mug. £2,600. Not enough. £2,800. Not enough *snigger*.

Anyway, I'd keep looking, find someone that needs to sell.

Thanks for that,

Although I didn't bring my offer up straight away this was over the course of four days. I came up from £75,000 to £75,500 then £76,000 and asked him to give me a figure but he wouldn't budge and wanted 10% so I left it for a few days.

I came back and went to £80,000 > £80,500 then £81,000 and I then walked away.

beecher

It used to be that you got the survey done before putting an offer in, so it was a lot more straightforward as at least you had a valuation. I'm at a loss as to how people work out what offer to put in without it, and I'm hoping the single survey will make it all a lot more straightforward.

The first flat I bought was offers over £35,000 - I offered £35,250 and they said you can have it if you pay £35,500 - innocent times

I think you maybe did put in too many offers - probably better if you'd just put in £75,000, left it a few days and came back with £80,000 - otherwise he must've wondered what your 'real' highest offer was.

Do you have a solicitor to advise you? Mine kept me right on what/when to offer if/when you find another property. Or try looking for a fixed price and offer slightly more - might have more chance that way?

beecher

Guy_Montag wrote: »

My thoughts:

1) Offers over £75k, but we're not taking less than £82.5. WFT not put it down as OO £82.5 then. F'ker.

It doesn't work that way in Scotland - putting it on at £75k and expecting £82.5k is maybe the norm for that area. Where I am flats are going for o/o £99,000 and still expecting to get £135,000 (not saying they're getting that, but that's the expectation, and that's what they go to fixed price at)

firstTimeBuyer_2-2

beecher wrote: »

It used to be that you got the survey done before putting an offer in, so it was a lot more straightforward as at least you had a valuation. I'm at a loss as to how people work out what offer to put in without it, and I'm hoping the single survey will make it all a lot more straightforward.

The first flat I bought was offers over £35,000 - I offered £35,250 and they said you can have it if you pay £35,500 - innocent times

I think you maybe did put in too many offers - probably better if you'd just put in £75,000, left it a few days and came back with £80,000 - otherwise he must've wondered what your 'real' highest offer was.

Do you have a solicitor to advise you? Mine kept me right on what/when to offer if/when you find another property. Or try looking for a fixed price and offer slightly more - might have more chance that way?

I have a solicitor lined up to use once I have a verbal offer accepted, I might ask him his advice next time.
I wasn't entirely sure if he would just end up putting the offer in for me and just doing as I asked him and charging me for it.

But I think I'll have a word with him about it as that might be a good idea next time.

Cheers