has finally come back and given the sale agreed price that he will accept, it is another bidder that put in that figure
I'm a bit confused about your post. Seems strange that if the other bidder has made an offer then the estate agent would not be looking for something more from you. Assuming this is the case though, why are you considering offering more than the sale agreed price he will accept? Has he indicated whose offer will be accepted or could you ask before making your bid?
If you think it's the property for you the only day it will seem dear is the day you pay for it.. And hopefully no more stress as regarding purchasing somewhere...... So I think at least match the other offer and hopefully your bid will be accepted .Whilst I’d love to get a better price considering we started the bidding about 12% below asking, my gut is saying to match as well, with a quick close.
If you're only going by a voicemail you should return the EA call tomorrow and hopefully the situation will be clarified for you. Sounds reasonable for you to match the other bid under the circumstances but I would not do this in the same call, take time to think over anything new that has been said.
However, what happens if the other bidder then comes back with a higher bid? You need to ask for a firm commitment this will not happen, although that will not guarantee anything.
Out of interest, why was the survey sorted a few weeks ago?
You need to ask for a firm commitment this will not happen, although that will not guarantee anything.
Cash is unlikely to be much of an attraction in an executor sale as there is no chain involved at the sellers end
If you're only going by a voicemail you should return the EA call tomorrow and hopefully the situation will be clarified for you. Sounds reasonable for you to match the other bid under the circumstances but I would not do this in the same call, take time to think over anything new that has been said.
However, what happens if the other bidder then comes back with a higher bid? You need to ask for a firm commitment this will not happen, although that will not guarantee anything.
I don't know what to do now.
You only have two choices, walk away or increase the offer even by a small amount. If the agent or vendor don't put any value on how much more quickly you can close the deal, then only by bidding more than the other party will you win.
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