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Original poster

URGENT - Offer advice please!

66 replies

Becaroooo · 02/07/2011 12:32

Ok, long story short.

We have got a no chain cash buyer for our property - supposed to be moving in 4 weeks.

We have pulled out of the house we were purchasing (not great HB survery) and are frantically looking for something else.

We are viewing 2 this afternoon;

1 x semi, 3 beds, looks very nice, good cul de sac location on at £160k

1 x det 3 beds, also looks nice, not so good location, no chain on at £185

What is the lowest we can offer without sounding rude/offensive????

We have no chain buyer and a mortgage agreed and want to move FAST

TIA!

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Original poster
Becaroooo · 03/07/2011 18:24

Thats what I'm worried about tyler tbh

I wish I had the guts of offer £145k!!!

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ThinkHeIsStalkingMe · 03/07/2011 18:30

they can only say no!

tyler80 · 03/07/2011 18:31

When we were making offers I always had it in the back of my mind that we couldn't afford to overpay. Banks are being cautious right now and we knew that the valuation had to match up to the price we were paying. I'd far rather have a 'ridiculous' offer refused than to have an offer accepted, get the ball rolling and start paying out money only to have the valuation come in lower and have to walk away minus x amount of pounds because the vendor wouldn't renegotiate.

noddyholder · 03/07/2011 18:51

150k is too high. They will be expecting 135-145 initially. Don't worry about guts you don't know these people.

Original poster
Becaroooo · 03/07/2011 20:52

hmmm...dh has just been saying the same thing to me!

Will offer £145k and see what happens.......

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mylovelymonster · 03/07/2011 22:00

145k seems a bit arbitrary - why not open with 142k, if you are looking to start around that level and see what response you get? 142k seems a more real, considered figure?

Original poster
Becaroooo · 04/07/2011 10:34

So.

Have offered £145k.

Didnt go down well with EA. He doesnt seem to think they would even accept £150k!!!!

Looks like rented accomodation for us Sad Dh not happy.

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mylovelymonster · 04/07/2011 13:54

That's a shame. EA would expect to have at least an asking price offer though! (tongue in cheek). Chase him up on feedback from vendor on the 145, and have you popped your offer and phone number through their door?

Likely they will want the 160k based on what they bought for, work they may have done to the house, plus getting planning permission in place for the garage. Will take a while with no offers to change their stance. Have there been any other offers?

Original poster
Becaroooo · 04/07/2011 14:07

Not yet but its only been on a few weeks...not sure they are serious about selling IMHO.

Going to view some more this weekend. sigh.

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Original poster
Becaroooo · 05/07/2011 10:42

sigh. Just put in an offer of £155k (dh loves this house)

Its the most we can offer bearing in mind the conversion that needs doing.

Fingers crossed!!

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alliwant · 05/07/2011 11:45

Oh, good luck! They'll be daft to hold out for exactly the asking price, I think thats less likely to happen these days.

Original poster
Becaroooo · 05/07/2011 11:57

Not sure....EA was very unmpressed with the offer of £145k....we cant go any higher so balls in their court..

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Pinkjenny · 05/07/2011 11:58

Good Luck!!!

We put ours on at 205k in July 10, reduced to 199k, then to 195k, then to 189k. We have just accepted an offer of 180. And yes, it sticks in the throat somewhat, but we want to move, so you never know!!!

Original poster
Becaroooo · 05/07/2011 12:08

congrats pinkjenny

We need to move asap and I have to say I have been pretty surprised by the reaction I have had to the question
"Bearing in mind our position, how quickly can you/would you be prepared to move?"

Invariably it has been met with "er, dont know/havent really thought about it"

I do wonder sometimes if vendors are really serious about selling......

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Original poster
Becaroooo · 05/07/2011 12:09

oh, and ours was on at £150k and we accepted £130K!!! (no chain cash buyer)

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Pinkjenny · 05/07/2011 12:12

We made an offer at 9am yesterday and the vendor still hasn't replied. It's part of a divorce and I'm, fairly sure she has no intention of leaving that house.

We have a cash buyer and their survey was done on our property this morning, so I wish she'd pick the bloody phone up!

Original poster
Becaroooo · 05/07/2011 12:17

Our vendors are on holiday!!!!! arrghhh......

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Pinkjenny · 05/07/2011 12:24

Oh God, isn't it frustrating!!

SparklePrincess · 05/07/2011 13:55

On holiday? Makes you wonder if any of these people are actually serious about selling!

SparklePrincess · 05/07/2011 13:56

Fingers crossed you hear soon. You too PinkJennny.

Original poster
Becaroooo · 05/07/2011 15:42

Thats just how I feel SP Getting pretty pissed off tbh. Dont like the EA either but its a small village and they have a stranglehold on the area for some reason.

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SparklePrincess · 05/07/2011 15:56

Estate Agents are a pain. Angry Mine made a stressful situation a million times worse yesterday by suddenly changing a viewing time for an hour later. I had to keep the kids out of the house for 2 and a half hours. It was a NIGHTMARE! I cant have them there & do the viewings myself because they're very anti the move & would probably say something to the prospective buyers, or at the very least mess the place up. :(

Original poster
Becaroooo · 05/07/2011 16:08

oh, thats terrible!
My ds1 (8) is also very anti move but ds2 (2) keeps shouting "my new house" whenever dh and I are looking at one on rightmove!!! Smile
The vendors on our last offer property were really unhappy with them....and I had to stop myself saying..."Well, go with someone else, then!!"

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Original poster
Becaroooo · 05/07/2011 16:08

Only reason we are with our EA is because we bought the house through them 12 years ago so we get a discount Smile

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Original poster
Becaroooo · 05/07/2011 16:11

bedroom semi-detached house for sale

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