Hi there,
FTB here. I placed a bid just over a week and a half ago on a house for 10% below asking..the estate agent has said that a successful precovid bid fell through at 2% below asking (bidders job affected by covid).
I've compared properties on the road that have sold within the last 12 months. I think my bid is fair based on the property price register values (some needed work and were sold for lower, some with more work done than this one sold for higher) .
I went to view another house with the estate agent and casually enquired on this the status of my bid..she told me that the vendors had been considering it but that they would need something closer to asking to take the bid seriously. She didnt explicitly say that they had rejected it. My questions are
1) should I ask for confirmation that my bid has been rejected
2) I can increase my offer..should I do this now and set a time limit on rejection or acceptance?
OR
3) as the only bidder patiently wait it out?
Any help would be appreciated from anyone wiser/more experienced than me. I'm not sure if its relevant information but I'm buying solo. Thanks in advance.
FTB here. I placed a bid just over a week and a half ago on a house for 10% below asking..the estate agent has said that a successful precovid bid fell through at 2% below asking (bidders job affected by covid).
I've compared properties on the road that have sold within the last 12 months. I think my bid is fair based on the property price register values (some needed work and were sold for lower, some with more work done than this one sold for higher) .
I went to view another house with the estate agent and casually enquired on this the status of my bid..she told me that the vendors had been considering it but that they would need something closer to asking to take the bid seriously. She didnt explicitly say that they had rejected it. My questions are
1) should I ask for confirmation that my bid has been rejected
2) I can increase my offer..should I do this now and set a time limit on rejection or acceptance?
OR
3) as the only bidder patiently wait it out?
Any help would be appreciated from anyone wiser/more experienced than me. I'm not sure if its relevant information but I'm buying solo. Thanks in advance.