House listed at €875k. We got into a bidding war with two other parties and were outbid. Our last bid was €940k, with one of the other parties bidding €950k, and the other bidding €960k. Two weeks later, both other parties have withdrawn their bids, and estate agent has asked if we are standing over our €940k bid. We are told that vendor will go sale agreed at €940k.
I am wondering if the other bids were genuine. I am tempted to go back to the estate agent and say our bid is now €920k - still €45k over asking - and if the vendor wants to go back to the market and organise further viewings etc, that’s fine. Obviously we can’t say we can only afford €920k!
Do you think this is a reasonable approach? If you were to ask me if we’re willing to lose this house over €20k, I’d say yes - we like the house, but €20k is €20k and there’ll be other houses we like.
I am wondering if the other bids were genuine. I am tempted to go back to the estate agent and say our bid is now €920k - still €45k over asking - and if the vendor wants to go back to the market and organise further viewings etc, that’s fine. Obviously we can’t say we can only afford €920k!
Do you think this is a reasonable approach? If you were to ask me if we’re willing to lose this house over €20k, I’d say yes - we like the house, but €20k is €20k and there’ll be other houses we like.