We've Accepted an Offer - Have we been mugs?

[NappyChange]

Following on from my "stressed and its only been a week" thread, we have accepted an offer for 10K less than the asking price. Why? Well, Old Man at house we want to buy is ready to move, just waiting for us. He was not pushy but was "concerned" he would have to put his house back on the market to see if he could find a chain-free person to buy. The person whose offer we have accepted is ready to move - no chain. He wanted 10K off as he wants to put different heating in - we have warm air, he was GCH, and wants to put in new kitchen - ours is a bit manky. If we had held on for someone else it could of been weeks (or days?) but could of risked losing the house we wanted. Is 10K an awful lot to come down?

Not if it means you get the house you want. Go for it and enjoy the new home.

No, in todays market thats not alot (unfortunatly)

if it means you get to move to what you want, then go fot it.

A kitchen can cost 10K if yours is abit old, its better for new purchasers to do it, than you to have to pay so you can update to sell yours. That's what you may have to do if you can't sell it now.

You are losing £10K for the convenience of getting the house you want. From your description I would say that the convenience is worth the £10K loss.

Thanks, feel better now

No, that's normal, though it depends what percentage of the asking price it is, and how long your house has been on the market, and how many viewing it's had. Your estate agent should be able to advise you whether that's a good offer, or whether they anticipate half a dozen other people making offers within the week. Chain free and ready to move sounds like a v. good buyer, though -- not one to pass up too readily.

We accepted an offer of £9,000 below the asking price on our house. We then had to pay our vendors £20K more than originally agreed to stop them pulling out, but that's a whole 'nother story. Grrr.

Go ahead!

10k versus the home you want.... i wouldn't hesitate....

It would be different if you didn't have a place you liked!

Your not a mug at all ........ to be honest it can be hard to shift a house with hot air system as people dont seem to like it.

we took an offer a lot lower than we ideally wanted when we sold our flat, but you know what..... we got the house we wanted so we didnt care!

Good luck with your move

Ooooh, gone a bit wobbly...the buyer of our house wants to come round early this week with a plumber to see exactly how much new heating system and new kitchen will cost. Bearing in mind we gave him a 10k reduction AND found out heating will cost 5K, I am sure he can get a decent kitchen for 5k - you literally can't swing a cat in our kitchen. Thing is, he won't actually do anything - paperwork with solicitors, instruct a survey till he gets the plumbers views. I feel incredibly nervous that our "dream home" across the road could be lost based on what a plumber says.

Well, you can counter any quote he gives with one you could provide, surely? Don't worry, my buyer had all sorts of people coming roubd to check my house. His heating man even had my gas meter condemned! (and then realised he was wrong )

But all thsi led to no further demands for a reduction in teh price.

Thanks Tinker. Can't believe I feel so worried and stressed out over all of this. Me? Usually telling other people to chill out and not worry! DH very much of the "let's just wait and see" but am afraid I prefer to talk it to death!

Thanks Tinker. Can't believe I feel so worried and stressed out over all of this. Me? Usually telling other people to chill out and not worry! DH very much of the "let's just wait and see" but am afraid I prefer to talk it to death!