Please or to access all these features

Add post

Watch this thread

Save thread

Start a new thread

Flip thread

Hide thread

My feed

Active Unanswered threads

Getting started FAQ's

Unanswered threads Acronyms Talk guidelines

Hide shortcut buttons

Talk

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Flip

Original poster

well had an "so" called offer

24 replies

dawnyb · 29/12/2007 15:36

had a offer on our house finaly £60,000 - from and investor he owns next door and lets it to soo many ppl so hes making a fortune

[http://www.rightmove.co.uk/viewdetails-18122240.rsp?pa_n=1&tr_t=buy heres our house]] please dont look at window frames these are being sorted lol

OP posts:

Original poster

dawnyb · 29/12/2007 15:36

www.rightmove.co.uk/viewdetails-18122240.rsp?pa_n=1&tr_t=buy - dunno wot i did there lol

OP posts:

needmorecoffee · 29/12/2007 15:40

thats insultingly low. You'd never buy another place. Even with the stagnant prices you'd want 90 +

Original poster

dawnyb · 29/12/2007 15:42

i know wahaaaaaa lol

OP posts:

fullmoonfiend · 29/12/2007 16:01

Lovely house. Has it been on long? £60k seems bloody cheeky offer.

yomellamoHelly · 29/12/2007 16:03

From £105k that offer is just staggering! Things are meant to hot up after Christmas so hang in there I'd say. Cheeky bugger - looks like he wouldn't have to do a thing to it!

LyraSilvertinsel · 29/12/2007 16:04

That's ridiculously low. He's trying it on. Hold out for more. I wouldn't let it go below £90k.

noddyholder · 29/12/2007 16:17

That is very low BUT I don't think things are going to improve after xmas like people think.There is mayhem in the money markets and inflation is rife so this time next year that offer might look ok.Maybe suggest 80?

StripeyKnickersSpottySocks · 29/12/2007 16:23

I live in Lincoln and no way do any houses sell for as low as 60k

tiredemma · 29/12/2007 16:26

what a pisstake.

lalalonglegs · 29/12/2007 17:18

According to nethouseprices.com, two houses on your street have sold for £100k mark in past few months so (a) your house is priced about right and (b) £60k is just insulting. But you're under no obligation to sell at that price so just ignore the offer - don't even try to negotiate upwards on it because you are never going to get near your asking price from that level. Chin up.

CarmenerryChristmas · 29/12/2007 17:20

He must have been drunk, tell your agent to stop wasting your time passing on offers like that.

NomDePlume · 29/12/2007 17:24

£60K

Carmenere, Estate Agents are bound by law to pass on every offer they get, regardless of the level it is at.

WideWebWitch · 30/12/2007 12:23

I honestly think that'll look attractive in a couple of years, mark my words

if (I know it's a big if) property is over valued by 30-40% then £60k is about right.

WideWebWitch · 30/12/2007 12:24

But sorry, I am the property doom sayer! And I want the over valuation to be true as it means we'll have been right to hang on and may even be able to afford more than a shoe box. So feel totally free to ignore me, of course!

lalalonglegs · 30/12/2007 12:33

well, if pricesdo drop by 30% then around the 70k mark will be fine but they're not going to do that overnight and, in the meantime, dawnyb will have to find somewhere else to live pre-drop.

I'm with www and hope prices do fall (quite a lot) but, until that happens, no point taking any notice of this offer.

WideWebWitch · 30/12/2007 12:34

Oh agree lala, you can't sell in that spirit when you've got to buy again in the same market.

08aGreatYearForCarmenere · 30/12/2007 12:37

I really do believe that what you need to look at are the micro markets. Access to good quality local amenities, like good trains and schools, will help to ensure that your property will retain it's value. That and supply and demand is vital too.

gegs73 · 30/12/2007 12:38

My brother lives quite close to you in Lincoln and bought a very similar house about 2 years ago for £96k. If he sold it he would probably sell it for about £115K, though I think he may have better parking than you do where you are?? Cheeky offer, don't accept it!

chonky · 30/12/2007 12:41

£60K ? That's shockingly low. It may just be a cheeky offer - have you thought about what you would be prepared to accept?

noddyholder · 30/12/2007 13:49

I am with www here.Property is seriously over valued and this is not sustainable We are a country living on credit and it is about to come back to bite our bums!I do agree though that if you need to buy straight away it is a low offer.Would you rent?

UnquietDad · 30/12/2007 13:57

We sold our first house, a poky 3-up 2-down in an OK area, for nearly £60K in 1999! We had an "insulting" offer too, of £54K - the couple were very smilingly apologetic and said, "Well, it's our budget"... I almost screamed at them "Then why the phuck are you looking at houses for £60K, you MORONS??"

What made it worse was that my mum, when I told her about it, pursed her lips shook her head and said "oh, I really think you should take it, that's a good offer." No it wasn't! Not in the house-buying climate back then, and especially not in Sheffield where the asking price always seems to be the starting price.

bigmyrrhstrikesagain · 30/12/2007 14:18

In response to op - hold out for something better in the new year - you are under no obligation to accept such a low offer. He is just being cheeky.

But - I don't know if outrage is the right response - people make offers on houses according to their budget and as low as they feel they can get away with. If you don't like it don't accept it - if it is too low then someone else will make a better offer. I have been on both sides we sold our london flat a couple of years ago and had some 'cheeky' offers but simply said no to them and waited for the 'right price' which we did get - we had researched our area and knew what we should get.

Meanwhile we looked for a house in the commuter belt (Middle England) and made one very reasonable offer on a house which was rejected as the seller wanted the asking price and no less. Then made a 'cheeky' offer (£20k under asking price) on another bigger place which was initially rejected then later accepted - we know the sellers felt hard done by but their house had been on the market for a loooong time and painted in some truly hideous colours - they clearly weren't getting any other offers. I felt bad initially but we were not holding a gun to anyones head - the offer was made in good faith - we did not have the cash to any higher - the decision was the responsibility of the sellers - iykwim.

They got their revenge by not cleaning the house before they moved out - the buggers!

fireflyfairy2 · 30/12/2007 14:33

That's not an offer, that's an insult!!

I really love your house, it's very pretty & spacious

My sister sold a 2 bedroomed pensioners bungalow last year for £75,000. She bought it for £15,000 4 years beforehand! Though she & her dd did a lot of work to it, a new kitchen, bathroom etc... we were all stunned when she got so much for it compared to what she paid for it!!

So hold out for the offer you need, I'm sure in time it will come

WideWebWitch · 30/12/2007 14:52

A house is only worth what someone (anyone) will pay for it.

Flip