Hello - this is my situation.
I am interested in a house but cannot afford the asking price which is 400k.
The vendor has declined an offer from someone else because they are not proceedable. I don't know what offer they made.
However I am proceedable, being under offer myself to someone who doesn't need to sell. And I do not need to get a mortgage. So I think that puts me in a favourable position?
The house in question is not lived in, so the vendor doesn't need to find somewhere to move to - it has been rented out previously but is now refurbished and empty. Perhaps this means the vendor will just hang on for the highest price.
What would be a sensible offer for me to make on an asking price of 400k bearing in mind my proceedable position? I really hope my position makes me a favourable prospect, although of course anything could still go wrong! Any ideas welcome !