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Being projected into a bidding war ?

We are cash buyers and have made an initial 3% below asking price offer on a house we really want. We are the first to view and wanted to avoid vendor thinking he has set the price too low if we went straight in with the full price. Vendor allowing further viewings before responding to our offer but we will be made aware of any other offers. Now wish we had offered the full price as we don't want lose it. Why didn't they just come straight back and reject then we would have increased our offer. Can only think they are after an above asking price offer. It isn't London just a normal terraced house. Our hands are tied. What do you think?

Asked on Jan 20 2015, House Prices in East Sussex | Report content

Answers (3)

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  • Hey Taylok7, It may not be London but the market still very strong especially around Brighton. In my opinion, just push. Maybe ask for another view and discuss with the owner, you’re a cash buyer and 3% isn’t unreasonable. If you’re brave, tell them you have seen something else but prefer this one but need to know asap either way! Hope that helps, let me know if you have any more questions. Jeff Djevdet :)

    Answered on Jan 23 2015, Report content
  • Hi, Have you suggested to the agent that you will offer the full asking price if the vendor agree to take it off the market? from

    Answered on Jan 24 2015, Report content
  • We would recommend that you offer the full asking price on the condistion that they take it off the market.

    Web reference:

    Answered on Jan 26 2015, Report content

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