by mighty_tiger_79 » Fri Jun 12, 2020 4:25 pm
by daysofourlives » Fri Jun 12, 2020 5:54 pm
by gadj1976 » Fri Jun 12, 2020 8:52 pm
whufc wrote:Advice time
This is our first crack at bidding for an established house. We put in an offer of $387k for a house that was advertised at $395k - $435k which by our own admission was a low offer.
Owners have knocked it back, no issue at all why would you ever ever ever accept the first offer, that’s just stupid. They made a counter offer of $415k.
Now what we have on our side is they love our buying t&c’s. Essentially they want to move to Queensland so need a longer settlement date. That’s fine with us we have a rental lease until December, we are willing to break the rental lease but a longer settlement suits us to a tea. We are essentially letting them set the settlement date.
We already have a pre approval for that exact house and address for $400k, they obviously don’t know the amount and we are obviously not subject to selling our house.
In a perfect world we can get it slightly under $400k but we are not willing to go over $400k as that will have us living to close to our means which if Covid did nothing else it taught us take nothing for granted especially work.
We believe time is on our side as house prices are not going up any time soon, they might drop but their definitely not going up.
What should we do, counter offer....how much??
by JK » Fri Jun 12, 2020 8:54 pm
gadj1976 wrote:If you do put forward an offer and it gets knocked back, be prepared to walk away and ensure the agent knows that too.
by whufc » Fri Jun 12, 2020 10:21 pm
JK wrote:gadj1976 wrote:If you do put forward an offer and it gets knocked back, be prepared to walk away and ensure the agent knows that too.
Excellent advice imho
by Spargo » Fri Jun 12, 2020 10:27 pm
by JK » Fri Jun 12, 2020 10:41 pm
whufc wrote:JK wrote:gadj1976 wrote:If you do put forward an offer and it gets knocked back, be prepared to walk away and ensure the agent knows that too.
Excellent advice imho
Thanks for the advice everyone
In the end we put in $396k as a final offer.
We are genuinely comfortable walking away and have made that clear especially given we are in no rush.
Gut feel tells me if they don’t take $396k now we might get a phone call in a months time seeing if we are still interested
We will see what the weekend holds.
by Dutchy » Sat Jun 13, 2020 2:08 pm
whufc wrote:JK wrote:gadj1976 wrote:If you do put forward an offer and it gets knocked back, be prepared to walk away and ensure the agent knows that too.
Excellent advice imho
Thanks for the advice everyone
In the end we put in $396k as a final offer.
We are genuinely comfortable walking away and have made that clear especially given we are in no rush.
Gut feel tells me if they don’t take $396k now we might get a phone call in a months time seeing if we are still interested
We will see what the weekend holds.
by Psyber » Sat Jun 13, 2020 3:15 pm
whufc wrote:JK wrote:gadj1976 wrote:If you do put forward an offer and it gets knocked back, be prepared to walk away and ensure the agent knows that too.
Excellent advice imho
Thanks for the advice everyone
In the end we put in $396k as a final offer.
We are genuinely comfortable walking away and have made that clear especially given we are in no rush.
Gut feel tells me if they don’t take $396k now we might get a phone call in a months time seeing if we are still interested
We will see what the weekend holds.
by Footy Chick » Sat Jun 13, 2020 10:22 pm
Gatt_Weasel wrote:if they (Walkerville) dont win the flag ill run around the block of my street naked :) you can grab a chair and enjoy the view
by whufc » Sun Jun 14, 2020 9:14 am
Footy Chick wrote:I need to know if the earth moved for @whufc tonight?
by whufc » Mon Jun 15, 2020 12:10 pm
by mighty_tiger_79 » Mon Jun 15, 2020 12:15 pm
by daysofourlives » Mon Jun 15, 2020 12:23 pm
by Lightning McQueen » Mon Jun 15, 2020 12:25 pm
whufc wrote:So we made the final offer of $396k despite having a little room in our kitty.
We heard back today and the owners want $415 or nothing.........no chance.
Makes you wonder why they advertise at $395-$435, i'm presuming its to get those under $400k interested and try and hope they fall in love and can find a way to get that extra $15k.
Put simply.................we'll wait! I do think the agent thought she could get the extra out of house. Asked numerous times whether we wanted a week to see if we could get a bit more despite me saying in no uncertain terms that was our final offer on a number of occasions.
I would be surprised if anyone felt the need to go as high as $415k in the current climate.
by whufc » Mon Jun 15, 2020 12:30 pm
Lightning McQueen wrote:whufc wrote:So we made the final offer of $396k despite having a little room in our kitty.
We heard back today and the owners want $415 or nothing.........no chance.
Makes you wonder why they advertise at $395-$435, i'm presuming its to get those under $400k interested and try and hope they fall in love and can find a way to get that extra $15k.
Put simply.................we'll wait! I do think the agent thought she could get the extra out of house. Asked numerous times whether we wanted a week to see if we could get a bit more despite me saying in no uncertain terms that was our final offer on a number of occasions.
I would be surprised if anyone felt the need to go as high as $415k in the current climate.
Perhaps they have to mate.
If they're moving to Queensland that $15K makes a big difference in relocating, you don't know what they already owe the bank either.
You'll probably get a call in 6 to 8 weeks time saying they've re-thought it and will accept your offer, if you're not rushed, they're not rushed then you can both go back and move some pawns about.
by Booney » Mon Jun 15, 2020 12:42 pm
by Lightning McQueen » Mon Jun 15, 2020 12:44 pm
whufc wrote:
I get why they may need $415k but im not sure why they advertise $395k as a possible price point.
Yeah time is on our side. We know they had 3 couples look at the house on the weekend so its no secret they are hoping one of them come through with the goods. I feel like you would have to fall seriously in love with the place to go up to that price given the current state of play.
by Pseudo » Mon Jun 15, 2020 12:45 pm
whufc wrote:Lightning McQueen wrote:whufc wrote:So we made the final offer of $396k despite having a little room in our kitty.
We heard back today and the owners want $415 or nothing.........no chance.
Makes you wonder why they advertise at $395-$435, i'm presuming its to get those under $400k interested and try and hope they fall in love and can find a way to get that extra $15k.
Put simply.................we'll wait! I do think the agent thought she could get the extra out of house. Asked numerous times whether we wanted a week to see if we could get a bit more despite me saying in no uncertain terms that was our final offer on a number of occasions.
I would be surprised if anyone felt the need to go as high as $415k in the current climate.
Perhaps they have to mate.
If they're moving to Queensland that $15K makes a big difference in relocating, you don't know what they already owe the bank either.
You'll probably get a call in 6 to 8 weeks time saying they've re-thought it and will accept your offer, if you're not rushed, they're not rushed then you can both go back and move some pawns about.
I get why they may need $415k but im not sure why they advertise $395k as a possible price point.
Yeah time is on our side. We know they had 3 couples look at the house on the weekend so its no secret they are hoping one of them come through with the goods. I feel like you would have to fall seriously in love with the place to go up to that price given the current state of play.
by whufc » Mon Jun 15, 2020 12:50 pm
Booney wrote:The whole used car / house market "game" is bullshit. Every one is smoke and mirrors and nobody ever just gives a number that works. I know I do, here's a number, take it or leave it. When you're buying that's your top number, when you're selling, that's your bottom number. I hate all that dancing around bollocks.
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