Three bedroom townhouse listed on domain as Offers over $745,000.
My partner and I are looking to buy our first property and we've only just started to go out and inspect properties this past month and a half.
We really do like the property from what we saw.
So we put in a verbal offer of $795,000-$805,000 before settling on $795,000, this was recorded on an iPad before we left and were told that the agent would be in contact with us.
Got to the car realised that I needed to ask a few more questions and went back.
Asked those questions and was told that the agent had spoken with the seller , that our offer was the highest and that the seller would consider it as they have their fixed price for selling. Was told that there was one other offer just a little bit lower.
Also noted the seller was actually outside speaking to the agent when we returned just 10 minutes later.
Anyway, I'm pretty sure I've already shot myself in the foot here by first offering over the listed price. Second by giving a price range and even though we offered the lower, the agent knows we were considering offering more as an initial offer.
I have not signed anything as of yet.
We've got a pre-approval for up to $900,000 and enough deposit to have a 80:20 LVR for that pre-approval amount.
I want to know, how can I withdraw this offer.
Do I need to withdraw the offer by email, sms or simply by phoning the agent and giving a spiel about finding another property that we're more interested in?
Where do I stand if the agent contacts me first and indicates that the seller has accepted our offer, even though nothing has been signed. This has not happened yet. Can I still withdraw the offer on the spot?
Thanks for your help
Yeah, I'm really dumb and panicky at the moment.
My partner and I are looking to buy our first property and we've only just started to go out and inspect properties this past month and a half.
We really do like the property from what we saw.
So we put in a verbal offer of $795,000-$805,000 before settling on $795,000, this was recorded on an iPad before we left and were told that the agent would be in contact with us.
Got to the car realised that I needed to ask a few more questions and went back.
Asked those questions and was told that the agent had spoken with the seller , that our offer was the highest and that the seller would consider it as they have their fixed price for selling. Was told that there was one other offer just a little bit lower.
Also noted the seller was actually outside speaking to the agent when we returned just 10 minutes later.
Anyway, I'm pretty sure I've already shot myself in the foot here by first offering over the listed price. Second by giving a price range and even though we offered the lower, the agent knows we were considering offering more as an initial offer.
I have not signed anything as of yet.
We've got a pre-approval for up to $900,000 and enough deposit to have a 80:20 LVR for that pre-approval amount.
I want to know, how can I withdraw this offer.
Do I need to withdraw the offer by email, sms or simply by phoning the agent and giving a spiel about finding another property that we're more interested in?
Where do I stand if the agent contacts me first and indicates that the seller has accepted our offer, even though nothing has been signed. This has not happened yet. Can I still withdraw the offer on the spot?
Thanks for your help
Yeah, I'm really dumb and panicky at the moment.