+1 sold a house few hrs ago and took an offer 15k lower than the highest because the buyers were ready to go, if your in this position let the estate agent know your ready to buy immediately without telling them how much your offer is, ball is in their court then, also let them know you have another property in mind it will speed things upAs above, but remember that it's only an "offer" on that house - offers come & go... so show your interest, leave your details ... but keep looking around...
What position are you in financially? You indicate that you are "trading up"? Have you got your current house sold? If you were to have the money ready to go, then you are in a much much stronger position to "bargain" with EAs...
Best of luck with it...
To start the ball rolling and as you said to validate the offer we came in 20K under the offer which was refused , we ended up going up a further 15k which was 10 k under the alleged offer !
I feel there is something that we all forget at times ie the Auctioneer is acting for the seller and not for the buyer. It is always a good idea to say very little in front of the Auctioneer, do not let them know how much you are willing to spend on the house. Sometimes when you really like a house you get carried away and say too much in front of the auctioneer!
then the EA thinks they've done an amazing job and you get a good deal.
Never underestimate the avarice of an EA.
they'll actually be wondering if they can squeeze a bit more, and get you to tap other sources of money - family, credit union, vital organs on the black market, loan sharks, whatever.
The auctioneer may be telling the truth, but then again it is unlikely.
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