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KatT
Beginner November 2004

House buying - WWYD?

KatT, 25 September, 2008 at 16:07 Posted on Off Topic Posts 0 18

I'll try and keep this short but it's a long story.

We're trying to buy down south, we live in Scotland and spent last week househunting down south. We sold our house last year so are ready to go.

We saw two houses on Monday - A and B.

A seems prefect - wouldn't need to decorate, which is a big thing for us just now as we have a lot of stress with an unwell daughter, relocating so far, new jobs etc.

B needs a lot of work doing, but all cosmetic - new kitchen, carpets and wallpaper.

We offered on A on Monday, was rejected and offered again, was rejected. We couldn't go any higher so offered for B. Then A agent called back saying he was trying to negotiate money off their house so they could accept our offer, he was confident within 24-48 hours we'd have a deal.

B called later that day and said whilst they wouldn't accept the offer, he knew they'd accept a very slightly higher one.

We've been stalling B since then, but it is still there and nobody else has put an offer in.

We've spoken to A several times - each time he's asking if we can raise more money. Yesterday evening he said he knew if we could up our offer 5k then they could meet us halfway and we'd most likely have a deal.

My parents have given us some money so we have been able to do that and so yesterday evening we put in that higher offer.

Now today they have called three times to ask if we can increase the offer any more and that they are still trying to negotiate a deal. The last call he said - 'even 500 pounds more?'. The people we would be buying from don't seem that strapped for cash and the new build house they are buying is certainly very lovely - I can't see an extra £500 being an issue for them but I don't know for sure obviously.

We haven't gone any higher, we can't really afford to and it's frustrating that he said he was sure it would be accepted with the extra 5k.

Do you think they are just playing a game and trying to get more or whether it's really a no-go and it's not going to work out?

We're a bit anxious as we don't want to end up with neither house, if we don't get A and in the meantime someone else has put an offer on B.

I'm in a mind to say to agent for A that we need to have a decision by a certain day/time or whether that would be a really bad idea?

Argh.

18 replies

Latest activity by Minx Sauce, 25 September, 2008 at 17:02
  • Zebra
    Beginner
    Zebra ·
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    I don't know anything about buying a house but the agent's attitude and constant moving of the goal posts would make me a) angry and b) suspicious.

    I hope you get something sorted fast though ?

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  • KatT
    Beginner November 2004
    KatT ·
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    Ohhhhhh since I posted the agent for A has called and spoke to my H - 'Congratulations MrKatT, you two drive a very hard bargain'

    ?

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  • Lady Falafel
    Beginner April 2006
    Lady Falafel ·
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    If 500 isn't a big deal, then I don't see why they're pushing so hard for it. Tbh if they're like this at the beginning of the sale process, GOK what they'd be like by the end if you get there.

    But it depends on how long you've been looking, what you can afford and what else there is on the market at that price.

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  • KatT
    Beginner November 2004
    KatT ·
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    Thanks Zebra, we were cross but so anxious too. I've not been able to sleep all day, was night shift last night and tonight - am going to be shattered but I don't care now ?

    xx

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  • M
    Beginner November 2004
    Minx Sauce ·
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    Err... except you haven't. You've given him more money each time he's asked for it.

    I don't agree with his tactics, but if I owned an Estate Agency I'd be hiring him in a heartbeat! ?

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  • K
    Beginner May 2007
    Kegsey ·
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    I would be totally hacked off with house A by now and would be saying, no more money and need an answer now or the deal is off. If they then faffed, I would go back to your first or second offer and leave it with them just in case something happens with house B. I do tend to go the route of cutting nose off though. It seems that either the owners or the estate agents are either desperate for the money or don't think the house price has fallen. How long has it been on the market?

    I'm not sure that I would call a new kitchen "cosmetic" though!

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  • M
    Beginner
    Mrs JMP ·
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    Your final offer is that & that's it - Be assertive & say so & you want an answer by 10am tomorow. Put the ball in their court & leave it. If you keep upping the offer through demands - then they are going to keep asking more.

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  • janeyh
    janeyh ·
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    quite

    i understand why you want the easier house - but i would be seriously hacked off with the whole thing

    but i have never had a house that i havent wanted to redecorate or put new kitchen/bathrooms in

    if it was me i would probably go back and say - oops - sorry - while you were fiddling on arguing over the £500 we have had an offer accepted on another property for significantly less money - we are going to have to think about it

    but if your daughter is poorly and you just want it done with i can see you probably wouldnt want to do that

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  • M
    Beginner November 2004
    Minx Sauce ·
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    Exactly what I'd do too.

    It's a buyers market at the moment... you're in the stronger position, due to there being more people wanting to sell, and not enough people being able to buy.

    Play hardball if you really want House A. But I'd be going for House B by now.

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  • KatT
    Beginner November 2004
    KatT ·
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    We've not given him money each time he's asked. Our first offer was low, as we had been advised and we weren't surprised at it being refused. Today we've not increased the offer at all, despite numerous phone calls asking us to do so.

    Thanks for the advice, we're over the moon to have got a lovely house and look forward to being back down south where all our family and support network are.

    We'd not seen anything that compares to this house, it came on the market just over the weekend and we've still got ourselves a very good amount off the asking price, so we are happy with it.

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  • Zebra
    Beginner
    Zebra ·
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    Great news! I'm sure you want to get Charlotte settled as quick as poss.

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  • M
    Beginner November 2004
    Minx Sauce ·
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    Fair enough. That's not how I read your original post though. If I'd upped my offer each time it was rejected, I wouldn't consider that "driving a hard bargain". That's what I meant. And for the Estate Agent to suggest it was, well, is a little patronising if I'm honest. At least that's how I'd have taken it anyway (but then I've got PMT today so he'd have only needed to say hello for me to snap ?).

    Glad you've got the dream house, that's the main thing. Whereabouts down South? I'm on the South Coast.

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  • KatT
    Beginner November 2004
    KatT ·
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    Janey and Minx (I think, sorry if wrong names), I totally agree with the principles of going back and saying that - but really we just want to move and don't want to risk losing this house. There's far too much going on just now, H is moving away from Scotland to start his job in Heathrow next week and my daughter and I are here until the house purchase goes through. We've got it for a good price and I'm looking forward to moving.

    Thank you for the advice though.

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  • KatT
    Beginner November 2004
    KatT ·
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    Minx - it's in Ashford in Surrey, so close by to where our family are in Surbiton and close to Heathrow for H.

    H grew up on the south coast, his father was also in the RN, he loves going back down to visit.

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  • M
    Beginner November 2004
    Minx Sauce ·
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    KatT, wasn't suggesting you were being foolish by upping your offer. That's the process of buying/selling houses.

    I was more amused at the EA being a patronising git. ?

    If it's the dream house, then you've got to do everything you can to secure it. We'll be waiting for pics when you're settled!! ?

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  • M
    Beginner November 2004
    Minx Sauce ·
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    I'm nearby in Portsmouth, Hampshire so not that far away at all. Good that you've got family nearby again.

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  • KatT
    Beginner November 2004
    KatT ·
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    No, I knew you weren't saying we'd been foolish, but after reading I must say I did stop and think if we had been a bit cautious.

    Pics will be following as soon as we move ?.

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  • Magnolia
    Beginner September 2007
    Magnolia ·
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    I am so pleased you found somewhere!

    When you move, I'm happy to meet up for cake & coffee.

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  • M
    Beginner November 2004
    Minx Sauce ·
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    You only learn by doing these things though don't you?

    When H and I bought our first place (waaaaaaay back in the day), it was on for £93k. We offered £90k as our starting offer, thinking we'd be getting one over by saving a whole £3k! ?. We were very young and excited, bless ?.

    Needless to say the vendors came back to us in under 10 minutes with a "Yes, they'd accept our offer". ?.

    Although I bitterly regret not playing hardball at the time (in my defence I didn't even understand the concept way back then, but have made up for it since!), I'd fallen in love with the house before I'd even entered the forecourt. You do whatever you have to! ?.

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