Buying a house that is not on the market

[NaomiBlues]

My husband and I are interested in buying a property that is not currently on the market. It has a lot of sentimental value (family reasons) and we'd really like to approach the current occupiers (who we know a little but not well) with an offer. They have not lived in the property for a long time (less than six months) and do not have any emotional attachment to that particular house as we do. Does anyone have any experience of doing anything like this? Any advice that you'd give in our situation?

Keep us posted on the move …

I am amazed, Op. Well done!

Congrats!

@Bing42

That’s amazing! You must share your secrets to writing a really persuasive letter 😂 Well done!

Lol, OP has agreed to pay market value plus a number upwards of £100k plus for the owners to move, that would be persuasion enough for many people!

Great outcome OP, all the best in your new home

OP why didn't you buy it when it was on the market?

@sleepyhoglet

OP why didn't you buy it when it was on the market?

Op covered that days ago...

OP, I know you've agreed a deal (congrats!) But I'm just wondering whether you agreed any caps on the moving expenses and fees etc? Would they take the piss? Will you ask for receipts?
For example, if they wouldn't use movers but charged you top whack for the best movers, are you happy with that?

Also, are you now dependent on them finding a new home? Do you have any agreed timeframes? IE if they say they can't find a suitable house for 8 months but the value of their current house goes up, are you still adding £75k on top or is that taken into account?

I'd definitely draw up some sort of contract now so you don't end up completely swindled.

@NaomiBlues

I just thought I'd update everyone. It's good news! They have accepted an offer after a bit of negotiation.

We offered market value + £50k + their moving costs + their solicitors fees + the stamp duty on their new home.

Ultimately, we settled on the above but changed the £50k to £75k.

I couldn't be happier. Just goes to prove that there is no harm in trying. You have nothing to lose and sometimes it works out the way you hoped.

Congratulations!

How does it work money wise?

That’s brilliant!!

Money talks.