Waiting time - offer on Site

Galwaygirl1982

A private owner has a site advertised through a local estate agent . It's been advertised for years . I put an offer in on it over 4 weeks ago - roughly 17% Lower than asking price . We have contacted agent and he says he is chasing it up but still hasn't come back with a counter offer or refusal etc.

I have had no luck with any sale even though I'm a cash buyer . When should I forget about it and move on . Every property/ land has some story - owners too attached and change their mind, issues with management company, banks etc the list goes on and on

Happy Christmas

chocoroll

We have waited for 10 weeks, but that property was banked owned. They accepted our offer in the end. So it's been worth the waiting.

the_syco

Google it to see when it was last bought, and for how much.

Mr. teddywinkles

Galwaygirl1982 wrote: »

A private owner has a site advertised through a local estate agent . It's been advertised for years . I put an offer in on it over 4 weeks ago - roughly 17% Lower than asking price . We have contacted agent and he says he is chasing it up but still hasn't come back with a counter offer or refusal etc.

I have had no luck with any sale even though I'm a cash buyer . When should I forget about it and move on . Every property/ land has some story - owners too attached and change their mind, issues with management company, banks etc the list goes on and on

Happy Christmas

Have you applied for planning

P. Breathnach

I think you have waited more than long enough, and I would suspect that the owner is not really interested in selling.

Just to be sure, contact the EA once more, and say that your offer comes off the table next week if you don't get a response.