Help! I want to offer but how much?

53 replies

cheesypleasy · 31/03/2023 17:11

This house I just visited is my ideal kind. The tenants are still there, but they served notice apparently.

I was going to buy a house in cash, but I will need a mortgage to buy this one.

How much is a 50,000 or 70,000 mortgage at the moment? I have most of the money but need about this much.

Should I offer because they have already put it down by £25,000 and I would like to offer 25,000 less than that.

Only fools rush in they say, so I need a good talking to! Advice welcome.

OP posts:

Mercurial123 · 02/04/2023 17:02

cheesypleasy · 01/04/2023 08:02

There are tenants living there and they have served notice on the landlord seller.

I have looked at the mortgage calculators and it is so much more to borrow now. I feel further drops are coming in the next couple of years, as property is still being put on for very high prices post Truss! So, it is wise to do what you said and just offer what I feel it is worth.

You still haven't said where the property is. It makes a huge difference. A two bed flat in the same street as mine has sold within a week for offers over £350K. You can offer what you like but in some areas the market (for now) is strong.

SeasonFinale · 02/04/2023 17:10

So many times landlords are slagged off for serving notice on tenants. Maybe this was a nice one who just waited for current tenants to leave before they sold.

cheasypleasy · 02/04/2023 17:52

SeasonFinale · 02/04/2023 17:10

So many times landlords are slagged off for serving notice on tenants. Maybe this was a nice one who just waited for current tenants to leave before they sold.

Yes or maybe he hiked up the rent so they served notice on him! Who knows, but not all landlord are bad that's for sure.

I'm not saying where it is, but where I am there are many reductions and even then properties not selling.

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