I've fallen in love with a house and they've just rejecetd my offer. How do I persuade DH to let me increase it?

[mummyjaguar]

We've been looking for months and months. A house came on the market on Friday and we went to look yesterday. It was love at first sight. I was having heart palpatations as we walked around. But its an expensive house and it needs £100k spending on it so we put in an offer ten percent below asking price which has been rejected. Went up by another £10k but that has also been rejecetd. I think the owner thinks she'll have offers flooding in given that its only been on the market for a couple of days.

I can't cope. I have to have that house. Now I know why phil and Kirsty always do their negotiations in the pub. I need a vodka.

How do I persuade DH that its a good idea to increase our offer?

Expat: "Oh, I'm very cheerful, mummy, because tbh I'm laughing my arse off over this thread."

Yes me too, for 2 reasons:

1 A grown woman wanting to have a tantrum because she can't get her husband to buy her things.

2 Feeling the need to post it up here! I like to keep my financial transactions private and certainly not publish them on a public internet forum.

still, though, it's only been a few days an in this market they stand EVERY chance of getting the house on their offer as it stands.

i mean, why not try to get it for as cheaply as you can, especially considering it needs work? and have a little extra for a slush fund, to pay for insurance, etc.?

it just makes sense, financially.

Yes, I agree totally.

She is also giving away such a lot of financial information about herself. That she has 40% equity and the remaining 60% will constitute 4 x salary - even the house in which she plans to live.

I am constantly telling my children not to leave a breadcrumb trail when posting on websites!!

i would find that unwise myself, fig, BUT, to each their own.

A mortgage of four times salry? Is that typical nowadays or slightly bonkers?

My father always said "act in haste and repent at leisure".

I think 4 x household income too - not just one salary quite often.

we have a nasty mortgage
i love my new house and want to stay in it forever
we paid OVER valuation this time last year as vendors wanted it and we had waited years
ours needs work
we struggle to afford it but even if it lost value - its a home i dreamed of and think it is worth the risk

brmmmm that propertysnake website is rubbish - only shows the houses that HAVE been reduced not a clear picture at all

If you are prepared to pay your mortgage and not worry about it, then fine. No worries.

I suppose it only matters if you bought the house expecting to make money on it - and I think this is the driver behind many house purchases. However, if you buy a house as a home to live in and are happy with your repayments that is okay.

Figroll I can't ignore that

1. I am not "getting my husband to buy me things". I earn as much as he does. In fact I have contributed more to our equity than he has.

1. I was asked the financial questions so I answered them. Partly to defend myself because I had lots of aggressive responses to what started off as a lighthearted "I need a vodka" thread. In any event there is only one person on MN who actually knows who I am and to be honest who cares if someone knows my salary. What is anyone goign to do with the fact that they know the salary of an anonymous mumsnetter?

The only way this disadvantages me is if someone else sees the lovely house and decides to buy it!!

Give me a break FFS.

MJ, try not to stress it too much. If it's meant to be it will happen. Your offers are good. You are in a good position to buy it.

This is a market that is cautious.

You stand every chance of snaring the deal.

and if you can snare the deal for less, bonus.

seriously, try to look at it that way.

your buying the property without maxing your budget can only be a good thing.

I agree entirely ExP. We don't for one moment want to spend more than we have to.

Just can't help being nervous re the fact the others are viewing it tomorrow!! I need to pray they've also been reading all the reports about the falling market.

If it really is your forever house then you should offer as much as you can afford as any downturn will be relatively short term anyway.

Good luck, it looks gorgeous!

good luck.
I would stick in my maximuym offer to be sure of getting it.

I did just that with the house I am now in which I love.
I just figured there was a maximum price it was worth TO ME and offered that. Could not care less if it would not sell again a year later at same price as I plan to stay here a very long time.

It is a completely unique house and if I had not got it I would not have moved from previous house. It was move to this one or not at all

Just thought I'd update everyone.

We thought long and hard about this and spent most of Friday evening discusisng before deciding not to up our offer.

Then on Saturday morning in the pouring rain DH suggested we drive by the house "just to make sure" we were making the right decision.

Then HE decided we should increase the offer - and................it was accepted! Hurrah

See I'm not the world's worst/most irresponsible/money grabbing wife after all!!!

I hope it's a smooth ride for you from now 'til exchange

Glad the two of you were able to sort it out between you.

I hope you're really happy - we had a very similar situation and my DH calls our house 'the moneypit' but we can never imagine living anywhere else!

We're both really excited

And we're not planning on selling for 30 years so it doesn't really matter if the market drops.

What will be will be

That's great

You probably know this already, but make sure you get your mortgage offer sorted out ASAP as they are being very slow at the mo to give out offers (weeks longer than usual) and it could hold your sale up, as it has ours, grrrrr.

Sorry meant your purchase, not your sale. Though it could also hold your sale up if your buyers' mortgage is delayed of course, oh joy.