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  1. M

    Offer - What should I do?

    Well guess what guys? Just got a call from the REA's assistant (now why didn't he call me himself? :p) - the property's now back on the market. They wouldn't tell me why though. During the past week, I've already put a holding deposit and signed the contract on another property. What to...
  2. M

    Offer - What should I do?

    Thanks ozperp, you've made really good points. I'll try your approach next time. Y-Man: Wouldn't signing the contract with a holding deposit have the same effect, ie. shows that I'm serious? What if some other person who didn't do a P&B report first makes a better offer than me? After all, it...
  3. M

    Offer - What should I do?

    Written offer made 7pm, told agent it was valid until 10am next morning. Maybe I should've made it only valid until midnight that night?? We gave a cheque made out for $1000 as holding deposit. Now they're organising it to be refunded back to me as I couldn't get to their office today...
  4. M

    Offer - What should I do?

    Upset? Difficult to deal with? Confusing? If anything, I hope I didn't came across as too desperate/keen.:o The only reason why I offer $100 more was because REA said the other party offered more than $3K more, so I was trying to up the offer by little increments. I fear that he had...
  5. M

    Offer - What should I do?

    Yes, I agree. I reckon he wasn't happy that I didn't take the bait the first time around with the suggested increase of $5K. At this point there was no mention of any other parties. When I refused the $5K increase, he simply said that he'll call the vendors and get back to me. On the 2nd...
  6. M

    Offer - What should I do?

    The written down offer WAS our final price, and we were prepared to lose it if it wasn't accepted. Then we changed our mind. I guess next time I won't say it's our final price, or don't give it as a first price? Anyway, you're right, I did say to the REA that personally if it was me I would've...
  7. M

    Offer - What should I do?

    Ok guys, am really ******** right now. After 2 hours, REA finally called me back. He basically said that the vendors decided to take the other offer, even though mine was "marginally better" by a few hundred dollars, and with no finance condition. He said the vendors decided to take the other...
  8. M

    Offer - What should I do?

    Thanks guys for your advice. I called the REA back and asked him if the other offer was more attractive in terms of conditions or money. He said money. The other party has the usual conditions too - finance and P&B. I said I want to make a final offer, and would he take it to them? He said...
  9. M

    Offer - What should I do?

    Thanks Y-Man. So you reckon it sounds like there is a genuine other party? Apparently the other party has put in a written offer, but the vendor hasn't signed yet (as of 10.30am this morning). I think you're right. The REA did say there are conditions on mine, implying the other party has...
  10. M

    Offer - What should I do?

    Hi guys Just want to ask your advice in what you'd do in my situation. Hubby and I saw a 3brm place yesterday at 5.30pm. Advertised PS was $530-$570k. We both liked it, did some figures and came up with the offer price of $551,800. Reasonable and fair price for the area. Not a bargain...
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