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That's what we basically did with the offer we've had rejected. The estate agent recommended leaving it on the table and seemed to suggest that it was a good offer and that he'd told the vendors we were good buyers (we've got a sale agreed from a chain-free cash purchaser 🤞)
The estate agent has a number of properties in the area which all seem overpriced, and some of which have been on for months now. This place seems well-priced in comparison, but by the same token you get the feeling the agent might also be advising them that the market isn't what it was and that they should take what they can get.
tbc
We offered on a place under similar circumstances in the past. Went 50k over budget and they still didn't accept. One of the siblings just refused to sell.
If you really want the place I'd say make a final offer stating it's your last offer and you'll walk with a time limit to for them to accept. Then delete the house from your brain.
I'd also be hesitant to hit the estate agents ££