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How low can we go?!

52 replies

flow4 · 20/05/2013 09:47

Here's an odd one... Went to see a house yesterday... The owner showed us round and was very chatty... He told us they've lost two sales and are now desperate very keen to move... He also said, at least twice, "Don't be afraid to make a very low offer"...

It's very pleasant and I might well be tempted, tho it's in an area I hadn't considered before (but that's a whole other thread!)... It's on at £150k, and my absolute max budget is £140k...

So, if a vendor gives you such clear encouragement to offer low, just how low can/should you go?!

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mirai · 28/05/2013 14:41

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flow4 · 28/05/2013 17:38

Hahaha, it's very like that first date mirai!

I'm not chasing. I've left my £130k offer on the table, and said they need to get building regs sorted/retrospective approval before I even consider increasing my offer.

I'm feeling pretty clear that's the right thing to do, since I discovered household buildings insurance doesn't cover unapproved building work. So basically, if there is a problem with the conservatory foundations - eg subsidence - insurance wouldn't cover it. Shock The EA said they have contacted the council's building control and are investigating getting retrospective approval, so I'm waiting to hear.

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