We found a property that we fell in love with that was a grade 2 listed cottage. We are cash buyers and when we went to see it it looked like it would need about £100,000 of work doing to it, as well as some contingency to help with the upkeep as repairing it would be more expensive due to its listed status.
It was previously brought 3 years ago by a man who the agent says deals in listed properties and does them up. He said that he had brought it with the intention to dig out the basement but didn't go through with it for lack of funds. Planning portal shows no applications during his ownership. Whilst he has had it the property has barely been maintainted and allowed to follow to a little disrepair.
Anyway down to the question- it was listed for £1mil to £1.25.
After seeing it and liking it but knowing it needed repairs and with budget constraints we offered £910. Vendor countered £975 and we raised to £920 as the maximum we could go as cash buyers and still having the money to repair it. Vendor declined our offer and we left it at that and walked away.
Five days later we got a call from the agent who has said that despite having lots of offers he has offered to meet us at £925 as we have no chain and are buying in cash.
This is a huge discount and now I'm worried that there is something wrong with it?!! Or maybe he is just wealthy and the money makes no difference?!
Any thoughts greatly appreciated. We are choosing between this and another in Chingford and I'm fed up of the back and forth over which to choose.