To except this offer on my property? So torn

[sellingmylifeaway]

First time seller, would rather not post a link just incase.

I bought my 2 bedroom flat 4 years ago for 72k, 80% shared ownership whilst the other shareholder owns 20%. It’s been on the market since the end of December. It was originally listed for 94k then reduced in April to 89 due to having hardly any views. A couple of people have been to view but no offers made. Someone came to view last week and have now put in an offer for 80. I rejected and said it was too low and was hoping for closer to the asking price. They’ve now come back with 82 and said that’s their final offer. I’ve not made a decision yet.

They’ve given feedback to the estate agent and said that the flat needs a lot of cosmetic work that wasn’t shown in the pictures for example, new radiators need putting in as their marked/discoloured, the bathroom radiator is all rusted (which is true I won’t disagree), the glass cooker hob needs replacing as it’s all marked as are some of the worktops, it needs painting and some other issues that they mentioned but I can’t remember what they are. They said had the property been in immaculate condition as shown in the pictures they probably would have offered a bit more.

I feel torn really. I’m not exactly in a rush to move (hoping to buy a house with my boyfriend) and we haven’t even started looking yet as we were waiting to see what happened with the flat, but I’m also concerned that I might reject this offer and not get another for god knows how long. I know that flats and shared ownership aren’t everyone’s cup of tea, but it’s in a lovely location, on a fairly new build estate and the flat could be made lovely if someone really wanted it.

Am I asking too much, given the issues that I’ve listed or should I hold out and possibly risk not getting another offer for however long?

I don't know why you posted on here as you're not listening to any advice. Yes offer as much as you can afford and see what happens.

If something is a nightmare there's usually a reason for it.

You have had lots of red flags but you're insistent in going for it, so go for it!

Your username is very prescient

@HmmmmmmInteresting eh?! I am listening. I'm just trying to figure it all out. What's wrong with asking questions? How else are people suppose to learn. Jeeze, nest of bloody vipers on here!

Offer as much as you can afford and see what happens. That's all you can do

@Flowers500 I'm trying to get it on a 40 year term but many lenders will only do it over 35 apparently. It doesn't help I only have a 5% deposit, means there is literally no wiggle room. Mortgage advisor said there are only 2 lenders who are taking 5% deposits, everyone else wants 10. Maybe it's best I wait until I can save more money, honestly don't know. It's a huge decision really

And there we have it.

I call Bingo.

A FTP, an insult and a jeeze.

Where do I collect my £5?

Ffs can't believe I was sucked in. Very clever one, this time.

I might be a first time buyer but I'm not stupid.

#sayingnothing

I was actually upset for them and thought they obviously had no family to advise. Ffs

Well played

Do 40 year mortgages even exist? 🙈
Jumped the shark

Thanks Sheldon. Remember you from the MAFSA threads. Entertained me for weeks with your comments

They're getting more intricate these days and I never would have suspected

How do you ask for a thread to be deleted? Don't feel like I'm getting anywhere with this. Obviously people just want to argue and take the mick when all I'm trying to do is ask genuine questions and try to get some help.

Thanks @Flowers500 for trying to help

You're the one buying so it's a hugely biased reverse post. You would've had far more helpful comments if you'd actually posted the truth.

You offer as much as you can afford. If you don't think the flat is worth that much don't offer it. It's a gamble as to whether they accept or not. With regards to your monthly payments and how much you can afford it's best to speak to your mortgage advisor. Or get this post removed and actually ask for the advice you want.

I’ll report it based on it being a reverse (against talk guidelines?) and they may delete it.

How do you ask for a thread to be deleted?
Haha 😂

X post. There should be 3 little dots under your OP (to the right), click that and then report and then explain why you want it removed.

Do you think it's a journo or estate agent trying to get people's opinions on flats? Very clever.

@sellingmylifeaway

How do you ask for a thread to be deleted? Don't feel like I'm getting anywhere with this. Obviously people just want to argue and take the mick when all I'm trying to do is ask genuine questions and try to get some help.

Thanks @Flowers500 for trying to help

I'll help you and report right now. Byeee!

hmmm

You can get them. Im not sure why you would commit yourself to one for this amount on a decent wage though…

I miss MAFSA 😭

@ForeverSausages thank you

@sellingmylifeaway

How do you ask for a thread to be deleted? Don't feel like I'm getting anywhere with this. Obviously people just want to argue and take the mick when all I'm trying to do is ask genuine questions and try to get some help.

Thanks @Flowers500 for trying to help

Kudos for coming back when rumbled. Ffs🤣

@HmmmmmmInteresting no journo or estate agent. Genuine first time buyer

@SheldonesqueTheBstard

hmmm

You can get them. Im not sure why you would commit yourself to one for this amount on a decent wage though…

I miss MAFSA 😭

Bloody hell! And when I signed up for the standard 25 years back in the good old days I thought I was signing my life away!

Why MN then OP?

Genuinely curious.

#notaareversecurious