Originally Posted by laserlad2010
Well, back on here with second house sale agreed. This time the survey looks good so I won't have to back out this time!
A feel good story - this house was subject to a really low bidding war (started at 75% of asking price 400k and went up by 5k every two days). I'd come in with a much higher offer the week before Christmas, but the next day the EA says the vendor wants it done and dusted - best and final offers by X deadline. There were 5 interested parties.
Anyway, put in the best bid I could do and got a missed call from the EA the next day. Rang him back "Dear X, I'm just ringing about the property. You were not the highest bidder... but the vendor has preferred your bid
" To say I was gobsmacked was an understatement! I think he couldn't resist the pause tbh
The highest bid was an investment offer from a landlord, and the vendor wanted it to be a family home for a FTB, so she wanted us in the property.
Just goes to show it's not all about the money sometimes. Obviously contracts not signed but hoping to do so in the next two weeks!
I started reading that half thinking we might have been bidding against each other! But I was only one of 2 bidders, and there was no investor that I am aware of, and wasn't given a deadline, so wasn't the same place
We bid on a bhouse that started at 400, and came down a long way from that to nearly 75%. Bid under, as noone was bidding whatsoever. No contact from the agent at all. Send in an email, they eventually ring back and say they won't accept that, they want x amount, or we can try and negotiate.
So we increase our bid a little to see if they move, again silence from the agent for 2 weeks. Another bidder then emerges, and I get a call straight away. We match their bid, explaining we can move straight away etc, so they up there bid. We made one more bid and they went up by 10k.
We decided that we'd stop then. First time bidding, and I do not like estate agents. Kept telling me about the other bidder, when I said, I wasn't interested in other bidder says, I am interested in what the seller has said. The house was worth more than it went for too. They had mistakes in the description, addressed it wrong and when viewing the house (on 3 occassions), did not know some fairly basic details.
The sellers should've got rid of them and got someone else in.