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bidding process

kingofthecastle · 2009-05-04 01:09:25

i'm a first time buyer and recently viewed an apartment i liked and made an offer, which was 20% below the asking price. the estate agent said he'd be back to me the next day after he'd spoke to the owner. that was 10 days ago and i havent heard anything. i dont want to ring the estate agent and so appear too eager to buy…

04-05-2009 1:09am

#1

kingofthecastle

Registered Users, Registered Users 2 Posts: 70 ✭✭

Join Date: August 2008

Posts: 54

i'm a first time buyer and recently viewed an apartment i liked and made an offer, which was 20% below the asking price. the estate agent said he'd be back to me the next day after he'd spoke to the owner. that was 10 days ago and i havent heard anything. i dont want to ring the estate agent and so appear too eager to buy but i want to know one way or the other. i thought it wa a buyers market and yet i'm not in control of the situation at all. the property in question would be my first choice and i dont feel like i can submit bids on other properties until i know what the situation is. any advice on how to best approach this would be greatly appreciated?

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Comments

#2 04-05-2009 8:46am

dny123456

Closed Accounts Posts: 431 ✭✭

Join Date: November 2008

Posts: 418

You could ring the estate agent and ask. At the same time let them know that your offer is time limited. Set a date, by which time if you haven't heard back, you will move on and stick to it.

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