Looking to purchase my first house. Have offered an amount ($1.32m to be exact, in writing) and the agent has rejected our offer, coming back saying the owner wants $1.4m, or close enough to it.
House has been on the market for just less than 2 weeks, and we are the only written offer.
Our absolute highest we would be willing to pay is about $1.36m - so another 40k. This is in line with other similar sold properties in the area (albeit not many options to compare, quite a unique house). Only few years old.
Been looking for a while and this has definitely peaked our interest. Dream home you can say in our budget.
Question: Do we now offer our max price, or do we wait it out? Owner doesn't seem to be in any rush to sell. Would be happy to pay $1.36 - but mindful of "bidding against ourselves" and driving the price up. Agent hasn't been forthcoming with a price under $1.4m, however has expressed vaguely that vendor may sell at a price close enough to it. After seeing many MANY properties, and finally selecting one that fits - don't want to miss out.
Keen to get everyone's thoughts.