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Original poster

there is a property for sale - it is also on an auction website.....pls read want your opinions on what kind of offer

73 replies

Tortington · 31/12/2007 15:42

there is a house that has ben gutted and plastered and has new electrics - it has no kitchen, no bathroom and no central heating.

this means that some people wanting 100 % mortgae are going to find it v. dificult

this isn't really in the price bracket for anyone other than a first time buyer

its a twon centre location with fuck all garden and so i cant see young families wanting it

all in all i think that the possible buyers for tis property are limited

it was put up for action at 155 - 165k it was them removed from auction - i dont know why

what i do know ( having enquired about auctions myself) is that they will have paid at least £200 to list it.

the plot thickens

the developer who cant be arsed finishing this property has bought the commercial shacks round the back of the property and is wanting to build "mews" there.

it is on witht he estate agent at 180.

i want it

my dh wants it and he really doesnt give a shit usually.

it has 3 bedrooms and although the whole place is built for gimli and his merry band of dwarf bothers, we can only aford bed terrace at shit end of town with much hope to but boards and a velux in loft space for one of the kids.

v. excited by the prospect and have 80k deposit so am thinking that my getting a mortgage is prob going to be no bother

right then i am petrified of putting in an offer - now remembering that this place is on at £179950 with estate agents but 155-65 with auctioneers AND the estate agent said that an ofer of around 170 would be accepted

and i know its been on market for a bit

what offer would you put

am thinking of chancing my arm at 158,650

is that completely taking the god damned piss?

OP posts:
WideWebWitch · 01/01/2008 12:06

Before anyone jumps on me, I do realise she didn't say 'overvalued' she said something like 30% can't be accounted for!

WideWebWitch · 01/01/2008 12:22

more gloom and dooooom

WideWebWitch · 01/01/2008 17:33

Oi Custy! Have you read this? Don't go and offer too much tomorrow. If they say ys to £150 they might have said yes to £140...

Original poster
Tortington · 01/01/2008 22:11

lol www thank you so much for linking to these sites and doing all this work

i cant find it on sold properties - this is something i always look up on rightmove too.

its on the market for 179950 but was with an auctioneer briefly at 155 - 165 but the estate agent said that they wanted more - but the estate agent would say owt i know.

i think your right re the price i might go lower, there was one just accross the road that went for 181,500 but i bet it had a fucking kitchen bathroom and central heating

i think i might come in at 140 and work up. see how desperate they are

thanks xxxxxxxxx

OP posts:
WideWebWitch · 01/01/2008 22:21

Oh I'm glad you've seen this, I was really worried about you putting in a too high offer! Honestly you can always go up... read the house price crash stuff, it'll really make you think you're doing them a favour buying it! Good luck, let us know how you get on

Original poster
Tortington · 02/01/2008 12:37

put the offer in of 146 650 and told him that we are currntly renting, have large deposit etc and the estate agent said "we already have an offer of 160, the vendor will acept 165"
"oh i'll leave it then" i said
"well the houses that back onto the train track - that area they go for the same price"
"aye, but they have a kitchen and a bathroom, running water and central heating and a garden " says i getting rather fucked off with him "i've done my research and i know that next door went for 145 last year and i bet it had a kitchen and bathroom etc"
"yes well if your looking on such as rightmove, it might be giving you a falso positive becuase the developer bought the row off a landlord and sold the other three back to the tenants becuase he want to develop the land at the back and sold with a covenant that they wouldnt object, the only empty property was this one which was being developed by the previous owner and the vendor just wanted to sell it"
"well tell your client my offer becuase as far as i can tell the property isnt suitable for families as it has no garden to speak of, fist time buyes cant get a mortgage on it becuase it has no kitchen and bathroom so the only other demographic would be young professionals"
"yes"
" who i would bet wouldnt want to be bothered with the work that needs doing so..anyway just tell then my offer and get back to me"

he then mispronounced my name ( on purpose i think) and called me mrs HAGAR cheeky fucker!!

ring phone god damned you ring

OP posts:
MarsLady · 02/01/2008 12:59
Iota · 02/01/2008 13:05

stand firm custy - they need you more than you need them

Oliveoil · 02/01/2008 13:14

do you know any builders that can view the house with you and give you approx ££££ for what work needs doing?

(did you sell the house in Dumpsville btw?)

PestoMonster · 02/01/2008 13:56

Rah rah Custy!!

fingers crossed, legs crossed, everything crossed....

FluffyMummy123 · 02/01/2008 13:57

Message withdrawn

Original poster
Tortington · 02/01/2008 16:20

no haven't sold the house in dumpsville.

no dont know builders but dh is an assistant site manager for a building firm so maybe some deals on kitchen and bathrooms but s they employ subconstractors form bulgaria and all work on london so will have to find local builders

they havent fucking phoned.

shit

are they letting me stew? shall i leave it until saturday?

OP posts:
Iota · 02/01/2008 16:23

custy - you are in a strong position, grit your teeth and wait it out. let them come back to you.

08aGreatYearForCarmenere · 02/01/2008 16:24

Best of luck Custy, I'll bet they do not have an offer of 160k. there will be a very limited pool of buyers who want to take on a project with so much work to be done, you were dead right.

noddyholder · 02/01/2008 16:26

Leave it for now as the holidays are just over and when the kids go back next week things will be more 'normal'.Sounds like a good deal though for the area so I hope you get some news soon x

MABS · 02/01/2008 16:42

good luck Custy ( I've got pneumonia )

noddyholder · 02/01/2008 16:47

God Mabs are you ok?We are still carless til friday but if you need anything for teh weekend let us know xx

Original poster
Tortington · 02/01/2008 17:07

okthey phoned

they wont acept the offer and will onlt entertain ofers around 160

so we had a chat and dh rang them back and said look we are in a great position we will go as far as 155 but thats it

and they said "mr hagar we understand that you are in a great position but this is unusual in that it is a proporty conglomorate who are selling it so its not like they need the money - i will try but i am not hopeful

even if we do end up saying " okay fuck it 160 " we will have 20k of asking price and even better i wont be wondering if i could have been really cheeky and gotten away with it

so thanks girls.

hay mabs do youneed anything i have car

want a good paperback

i have albas oil tissues - they are divine when you think you cant smell anything ever again and you can smell the tissue

anything

let me know

OP posts:
noddyholder · 02/01/2008 17:20

Is the only house for you custy?Or are there any other contenders If you see yourself there happily ever after then don't let it go

Original poster
Tortington · 02/01/2008 17:36

am a bit smitten

i am in love
i have been looking at bathroom and kitchen porn for days

i even have my best saved to favourites

i have my sofas picked from ikea and i have even planned a small seating area in the 3 foot of garden

OP posts:
Tinker · 02/01/2008 17:40

Oo, exciting. But agree, don't lose a dream house for the sake of 5k. Unless there are lots of other potential dream houses. I assume not?

Are you sure this one doesn't have any restrictive covenant as well?

noddyholder · 02/01/2008 18:50

I would go for it then It is a great feeling to want a house like that.

PrufrockingAroundTheXmasTree · 02/01/2008 19:39

Oh good luck Custy. I would agree, raise to £160 if they areplaying hardball. But nobody ever refused (well Ok, sensible people very rarely refuse) a decent offer just because the buyer made a cheeky offer first.

No news on your mums house? Or you tinker? I managed to finally sell my grans on December 21st. It was originally on at £210, lowered to £190,cash buyer offered £162, other buyer (later turned out to be scam) offered £184, so we pushed cash buyer to £185 and 2 weeks later we were all completed. It is such a relief - I've been trying to sell it for 3.5 years and finally did it all in 2 weeks. I hope you have as much luck.

WideWebWitch · 02/01/2008 19:46

WELL DONE CUSTY! Came straight here tonight to see how you got on. Fingers crossed.

MABS · 02/01/2008 19:52

go for it Custy, sounds like you very smitten,where is it? very exciting.

Am pretty poorly,but thanks for all yr offers of help.much appreciated. Only good thing, have lost 12lbs!!! xx