Purchasers withdrew- making an offer now

Lara

Registered User
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We were interested in a house in a very average area in Dublin in the summer and put a couple of offers in on it. We set a limit on the amount we were prepared to go based on our belief that the house was quite overpriced. Initially there had been several bidders who all pulled out as it reached the 520k mark; we went to 525k but there was a bidder who was determined to get it and offered 535k. We withdrew at that point and the final bid was accepted.

We have found out that the purchaser has just bailed as the sale was about to close. We also know the vendor has gone sale agreed on another house and needs to sell their house to make the move. We are interested in the house but only if we got it at the 520k mark.

Does anyone have experience in putting in a lower offer on a property when something like this has happened and was it accepted?

Many thanks
 
"Does anyone have experience in putting in a lower offer on a property when something like this has happened and was it accepted?"

Every transaction is different because all the people involved, and their specific circumstances are different. If you don't get a call from the EA then just go back in with your lower offer and put a time frame on it.

If they need to sell, they'll take it and if they don't they won't.

mf
 
U were "happy" at 525 so just do it at 525, but no more again if u actually want it.
 
We were interested in a house in a very average area in Dublin in the summer


We are interested in the house but only if we got it at the 520k mark.

Sounds like an awful lot of money for a house in an average area.
 
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