Hi everyone
I am at the end of the line dealing with this owner who is selling their property privately and need some help on how to proceed. Overall nice guy but due to a lack of communication (from his end) it looks like I will miss out on the property even though I am offering more...
The owner placed the property for sale with an asking price of $1,350,000. After inspecting and having a nice long chat about recent sales I put in a formal offer (signed contract 10% deposit) for $1,250,000 with favourable settlement conditions as he had to purchase else where. He called the next day to reject and say there was another offer closer to the asking price that was presented to him. During the phone call he also mentioned the 149 Certificate had expired and that his solicitor had to order a new one. I told him that we are interested at the asking price but will wait for the new 149 Certificate before giving a formal offer. I told him to call me once the new 149 had arrived so I can give him the new offer.
Anyways, the next day he calls to say he accepted the other offer and that was the end of it. There has yet to be an exchange as the 149 hasn't arrived but he informed to say that it was over. I told him that I would pay $1,400,000 and he still rejected it saying he didn't want to gazzump the other purchaser. After the phone call I ran down to his solicitors and presented the new contract for $1,400,000 with a 10% deposit. That was Thursday (today's Monday) and he has not returned my phone calls or texts. His solicitor also won't return my phone calls.
I am offering at the least $50,000 more and he still won't entertain the offer.
I really want this property, what do you guys think I should do as a next step to secure this property.
I am at the end of the line dealing with this owner who is selling their property privately and need some help on how to proceed. Overall nice guy but due to a lack of communication (from his end) it looks like I will miss out on the property even though I am offering more...
The owner placed the property for sale with an asking price of $1,350,000. After inspecting and having a nice long chat about recent sales I put in a formal offer (signed contract 10% deposit) for $1,250,000 with favourable settlement conditions as he had to purchase else where. He called the next day to reject and say there was another offer closer to the asking price that was presented to him. During the phone call he also mentioned the 149 Certificate had expired and that his solicitor had to order a new one. I told him that we are interested at the asking price but will wait for the new 149 Certificate before giving a formal offer. I told him to call me once the new 149 had arrived so I can give him the new offer.
Anyways, the next day he calls to say he accepted the other offer and that was the end of it. There has yet to be an exchange as the 149 hasn't arrived but he informed to say that it was over. I told him that I would pay $1,400,000 and he still rejected it saying he didn't want to gazzump the other purchaser. After the phone call I ran down to his solicitors and presented the new contract for $1,400,000 with a 10% deposit. That was Thursday (today's Monday) and he has not returned my phone calls or texts. His solicitor also won't return my phone calls.
I am offering at the least $50,000 more and he still won't entertain the offer.
I really want this property, what do you guys think I should do as a next step to secure this property.