Home Mover Posted September 19, 2006 Share Posted September 19, 2006 Hi guys- was wondering if you could help me! We've just received an offer on our apartment! It's been for sale for 6 weeks and the offer is £4,000 less than the asking price. However, we've got more viewings lined up for tomorrow and Saturday. I'm really happy that we've got an offer- my partner and I are relocating to Manchester and we need a quick sale. What do we do now? Do we ask the person that made the offer to raise her offer? If she won't raise her offer, do we continue to let people view the property till a higher offer is made (if ever!)? Should we ask the estate agent (Blundells) to contact other people who have been to view the property recently and ask if they would like to make an offer? Should we just accept the offer for a quick sale as it's only £4,000 less than what we wanted? We haven't sold a property before and we really need a sale. We don't want to annoy/put off the person that has made an offer because we seem to be too greedy... however, we would still like a fair price for our apartment. Help! Link to comment Share on other sites More sharing options...
boosh Posted September 19, 2006 Share Posted September 19, 2006 If you think the person offering will complete without any problems let them have it (bird in the hand worth two in the bush!). Holding out for the very best offer can end in tears as the purchaser wants their pound of flesh.....my advice is bag it and move on. Need any more help pm me See Ya Link to comment Share on other sites More sharing options...
never wrong Posted September 19, 2006 Share Posted September 19, 2006 never accept the first offer refuse it and the buyer may come back with a higher offer the first offer is always a try on if the buyer likes it enough to make a offer you have no worries let the other people see it and tell them you have had a offer £4000 below. anyway a couple of days wont really make any difference Link to comment Share on other sites More sharing options...
Home Mover Posted September 19, 2006 Author Share Posted September 19, 2006 Argh! Conflicting advice! However, as 'never wrong' says, it is only early days yet- I only received the offer a couple of hours ago! I'll see if the buyer is willing to increase her offer in return for us taking the property off the market immediately. According to Blundells, she already has a mortgage which is agreed in principle and she's also a first-time buyer. Fingers crossed that we don't mess this up! Link to comment Share on other sites More sharing options...
Stuff Posted September 19, 2006 Share Posted September 19, 2006 I wouldn't accept that offer to be honest. First offers are usually jus to test the water. Plus you have the fall-back of more viewers this weekend. I'd reject it, sit back, relax and wait for another one to come in. Link to comment Share on other sites More sharing options...
Strix Posted September 19, 2006 Share Posted September 19, 2006 You could state that you'll give a decision on the offer after the currently booked viewings have taken place... unless they'd rather up the offer to full asking, then you'll cancel the viewings Link to comment Share on other sites More sharing options...
Home Mover Posted September 19, 2006 Author Share Posted September 19, 2006 Ta for the advice. She's now pushed the offer up so that it is now £2,500 less than the asking price. £2,500 isn't really going to make a difference to our finances or to the type of property that we'll be able to afford to buy when we move. Should we just call it quits and accept? I don't want to make the wrong decision! Link to comment Share on other sites More sharing options...
Stuff Posted September 19, 2006 Share Posted September 19, 2006 If they've upped once, they'll very likely up again. Link to comment Share on other sites More sharing options...
Shiesh Posted September 19, 2006 Share Posted September 19, 2006 You could state that you'll give a decision on the offer after the currently booked viewings have taken place... unless they'd rather up the offer to full asking, then you'll cancel the viewings I would follow the above advice!! I hated it when we were moving to Sheffield and Blundells would send us to view properties where offers had already been accepted it made you squirm if you saw a property you really liked but you knew to have any chance of getting it you would have to turn to 'dirty' tactics - It was against my nature and I just got angry with Blundells for wasting our time! I think it is very sensible advice to accept an asking price offer and cancel all further viewing or... advise the potential buyers that until all the viewings already booked in have taken place you will not be confirming the acceptance of offers! Good Luck Link to comment Share on other sites More sharing options...
never wrong Posted September 19, 2006 Share Posted September 19, 2006 the revised offer you have had tell them if they up it by £1000 you will let them have if they do you are a £1000 better if they dont accept you have now got nothing to lose Link to comment Share on other sites More sharing options...
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