House purchase....am I just being tight?

[N90BAR]

Evening all.

Just hoping for a second opinion really.

Recently put a number of offers in for a property, background is been on market 7-8 months, originally at £675k. We considered viewing then but decided it was too expensive for the area. Beginning Dec, vendor drops to 650k, so we decide to view (twice). Definitely decide it's perfect for us but we mention to vendor it's too expensive. Couple things lead me to think this - were talking West Yorkshire area, and he paid just under 500k for it only 3 years ago. Was new build then and I don't think he has done anything to it since. Zoopla values at around £580k.

So we decide to get survey done before making an offer. Survey comes back £615-625k.

We've put a couple of offers in this week. Vendor has dropped to 635k and we eventually upped to 630k. We offered to meet in the middle to secure, but he won't drop a penny.

Now please tell me if I'm being unreasonable here - but I'm beginning to think Is he really going to loose a buyer over a couple of grand? I appreciate this flip side is are we as potential buyers wanting to loose it over a couple of grand, however for us I really do feel we're offering a really good price, and tbh it really is the highest we can go.

Appreciate any thoughts on this?

[N90BAR]

Maybe should have said appreciate any useful advise on this 😉

[N90BAR]

MentalSarcasm said:

N90BAR said:

Now please tell me if I'm being unreasonable here - but I'm beginning to think Is he really going to loose a buyer over a couple of grand?

Plenty of people have lost buyers over less.

You really do have to take emotion out of it and work out where you draw the line, and then stick to it. Don't let the agent negotiate you up with "I don't think you'll need to offer too much more to secure it". Make a full and final offer, and leave it on the table. You may find after a few weeks of no one else offering (or other people offering less and refusing to increase), you'll be a much more attractive prospect.

Thank you for some useful advice! Maybe leaving it on the table for a few days or weeks is the way forward and see what happens

[N90BAR]

Thanks for all the replies guys. I suppose in a sense what I have been trying to do is figure out in my head why on earth he would let a buyer walk away for less that 1% of the total price (especially when it's over the survey price) however that is his decision.

much appreciated!