What happens after you made 3 offers that have all been rejected? All 3 offers are sensible and I used comparable on the road as a justification for my offers. What’s the next steps? The property has been on the market for over 2 weeks. Asking is 825k. Neighbour house sold for 800k last year and was in better condition and already had the extension done (neighbour house is identical to the property I want). The property I made an offer too is in bad condition and needs complete refurbishment. My last offer was 768k and was rejected. Any advice would be helpful, thank you. Regards, Mickey.
In the market on the east Coast on the states, offers 10% below the price is not gonna get it done and probably get you ignored on future bids, actually in most cases I find 10% to even 20% over isn't gonna get the offer accepted .
It's to show that you are ready to buy and have the funds to pay down the deposit, along with Decision in Principle from your Mortgage Broker. It's a very common practice in the UK.
