Active discussions

Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Talk
Property/DIY

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

Original poster

Help me right email to LL with an offer

15 replies

xXwhenwillitendXx · 19/02/2022 06:39

LL wants to sell us his house (have many previous threads)
He emailed yesterday evening with an asking price, Ideally we would like to to pay 10k less, and has given us until Monday to decide. We have a morgage in principle so what next?
What can I write in the email and how should I word it?
I have never felt so nervous and apprehensive in my whole life
TIA

OP posts:
Original poster
xXwhenwillitendXx · 19/02/2022 06:40

That should be write an email (only just woke up)

OP posts:
Takeitonthechin · 19/02/2022 07:19

You need to get a survey done on the property, do you need a mortgage?, if so, your mortgage supplier would have a survey done to make sure the amount you need isn't more than the property is worth.
You need a survey to ascertain the property value. Then you can make a counter offer.
Has the seller used an estate agent to value the property?

SGChome20 · 19/02/2022 07:23

That was my first thought has it been valued? How much ch is he looking for versus valuation?

You could point out the estate agency fees and time he will save selling to you. Honestly though he'll be well aware of this I'd just set your stall out 'my offer is £x, I have a mortgage in principle and keen to proceed on this basis'

Original poster
xXwhenwillitendXx · 19/02/2022 07:38

He emailed to saying the EA has stated a reasonable offer for a private sale. (Been keeping an eye on the market lately and it does seem a reasonable price)
In terms of getting a survey, he wants to know about the offer by Monday, so what should I put in the email??

OP posts:
lastqueenofscotland · 19/02/2022 08:00

If it’s a reasonable price and you’d have till Monday, and you can afford 10k more, I’d just buy it for the offer. He’d likely get more elsewhere

Whinge · 19/02/2022 08:04

@lastqueenofscotland

If it’s a reasonable price and you’d have till Monday, and you can afford 10k more, I’d just buy it for the offer. He’d likely get more elsewhere
I agree. The market for well priced properties is crazy right now. If he chooses to market to other people there's a good chance someone else will offer over the asking price.

Ask yourself for the sake of 10k do you really want to lose the property?

Ibizan · 19/02/2022 08:06

This reply has been deleted

Message withdrawn at poster's request.

CornishTiger · 19/02/2022 08:07

What is the mortgage agreed in principle for?

Can you afford the extra £10k - what is the house worth based on others sold?

youarenottheone · 19/02/2022 08:32

Is the price reasonable if you compare to other similar properties in the area?
Has he had it valued by 3 EAs and have you seen the valuations or are you just taking his word for it?
How keen are you on this particular house and area compared to other possible options?
You need to think through those things first and not feel pressurised to give him and answer until you have done some research and thought things through.

Original poster
xXwhenwillitendXx · 19/02/2022 08:57

It's really difficult to value as no other house remotely similar has sold in the area. There has been other three bed properties sold for around 20 - 60k more but they have off road parking and garages, more modern etc. But then a property came on last week 1 bed for only 40k less with no parking, garage. So really unsure how they get the valuation.

OP posts:
greengraydoor · 19/02/2022 09:06

I’d possibly agree to what he wants however, if you want to offer less then you could email on the grounds of that’s what you can afford, the LL won’t need to go down the eviction route and then get the house on the market and that you want to proceed quickly.

Original poster
xXwhenwillitendXx · 19/02/2022 09:11

Decision in principle is 25k more then asking price.
We do love the house and would love to make it ours. It's also like we tried before we buy if that makes sense. Love the neighbours, have no issue with parking and close to good school.
Just worry if it all looks good but then I buy and something goes wrong, but suppose that can happen with any property

OP posts:
ajandjjmum · 19/02/2022 09:16

Of course it can @xXwhenwillitendXx

As long as you've checked your figures and added a bit of padding into your budget, it sounds like a great option.

You will have time between accepting the offer and exchanging contracts to get an agent in to value, which will confirm that the price is fair.

youarenottheone · 19/02/2022 13:47

So how has he reached this valuation figure? I think it's fair for you to ask and ask to see email confirmation. Also, as I said above, it's usual to get several valuations of the house. Worth pointing out that he will be saving some ££ on EA fees and all the hassle of arrangements so reasonable to negotiate on this basis.

Original poster
xXwhenwillitendXx · 19/02/2022 13:56

The EA we use from letting came around to value. They where fully aware that he wants to sell privately without the estate agents.

OP posts:
New posts on this thread. Refresh page
Swipe left for the next trending thread