Buying a house - advice needed

Order yourself a latte, and a pastry (The virtual cinnamon buns are excellent today). And have a nice chat.

Buying a house - advice needed

Postby PurpleLuv » November 24th, 2017, 5:29 pm

Hi all :hug:

After everyone’s good advice for Hicky I thought I’d run this by you.

Found a lovely house, viewed & placed an offer, house up since June, price, offers over 250K, had been reduced in September from 270K

I offered 240K, rejected, said I could go 245K, rejected. Owner wants a minimum of 255K.

The house is with Purple bricks & (you might know but you can register for e-mail updates) some one else who had an offer lower than my minimum has seen my offer alert & booked a second viewing. I really like this house but 250k would be my upper limit, do I offer it?

I know the owner had an offer of 255K but the purchasers sale fell through, she now has this figure in her head.

Would you up your offer or wait & maybe loose.

I know I said I wouldn’t rush to buy but this feels right :hug: :luv: :hug:
User avatar
PurpleLuv
Global Moderator
 
Posts: 7976
Joined: March 31st, 2010, 8:15 am

Re: Buying a house - advice needed

Postby Busybee » November 24th, 2017, 5:33 pm

If it feels right go for it, but don’t go over your top budget.

Good luck :hug:

BB
Busybee
Registered
 
Posts: 2978
Joined: December 29th, 2012, 10:25 pm
Location: Manchester & North Yorkshire

Re: Buying a house - advice needed

Postby suffolk » November 24th, 2017, 5:36 pm

Busybee wrote:If it feels right go for it, but don’t go over your top budget.

Good luck :hug:

BB


I agree ... but make it clear that it is your full and final offer and that it has a time limit. They need to accept it by .......?...... and can't come back to you if they change their minds. If they turn you down you will be offering on another property.
Image
“One cannot think well, love well, sleep well, if one has not dined well.”
― Virginia Woolf
User avatar
suffolk
Registered
 
Posts: 34977
Joined: August 11th, 2010, 6:47 am
Location: East Anglia, surprisingly!

Re: Buying a house - advice needed

Postby Luca » November 24th, 2017, 6:21 pm

I agree with both posts but don't be bullied into anything. :hug:
Luca
Global Moderator
 
Posts: 6107
Joined: December 31st, 2009, 2:20 pm
Location: London, UK

Re: Buying a house - advice needed

Postby PurpleLuv » November 24th, 2017, 7:51 pm

Thanks my loves :hug:

Will go with what you say but wait until early next week, just been reading about “fake viewings” to raise offers, hard work this house business :lol:
User avatar
PurpleLuv
Global Moderator
 
Posts: 7976
Joined: March 31st, 2010, 8:15 am

Re: Buying a house - advice needed

Postby mum-at-the-oven » November 24th, 2017, 8:22 pm

I agree with all of the above. Generally this is a quiet time of year for buying houses and it's already been on the market since June so they might just be persuaded!
mum-at-the-oven
Registered
 
Posts: 2132
Joined: May 25th, 2010, 10:34 am
Location: Hertfordshire UK

Re: Buying a house - advice needed

Postby StokeySue » November 24th, 2017, 9:55 pm

Agree with the rest
When I bought this place I made a slightly cheeky offer, which she refused, then made the offer she accepted, which I think was slightly below the minimum she had in mind, but it was this time of year, and she just wanted to get out of London wnd get on with her new life
But I would have walked away if it hadn't worked out, I had a comfortable (rented) place to live and she knew that I thi k
Sue
User avatar
StokeySue
Registered
 
Posts: 17678
Joined: April 21st, 2010, 5:18 pm
Location: Stoke Newington (London)

Re: Buying a house - advice needed

Postby Zosherooney » November 24th, 2017, 11:25 pm

250 would be my suggestion offer and wait, there will always be something else that comes up.....

Good luck Purps x
User avatar
Zosherooney
Registered
 
Posts: 9614
Joined: March 31st, 2010, 3:04 pm

Re: Buying a house - advice needed

Postby suffolk » November 25th, 2017, 9:01 am

You are a buyer with No Chain ... She should snap your hand off at this time of year ....
Image
“One cannot think well, love well, sleep well, if one has not dined well.”
― Virginia Woolf
User avatar
suffolk
Registered
 
Posts: 34977
Joined: August 11th, 2010, 6:47 am
Location: East Anglia, surprisingly!

Re: Buying a house - advice needed

Postby Busybee » November 25th, 2017, 11:05 am

suffolk wrote:You are a buyer with No Chain ... She should snap your hand off at this time of year ....


Absolutely.........make sure the agent hammers home this point, if she has already had one purchase fall through she should be more amenable to an offer. Stress that you don’t want to complete before Christmas........some people would be fazed by having to move this close to Christmas (unless she needs a quick sale)

Everything crossed for you.

BB
Busybee
Registered
 
Posts: 2978
Joined: December 29th, 2012, 10:25 pm
Location: Manchester & North Yorkshire

Re: Buying a house - advice needed

Postby scullion » November 25th, 2017, 12:53 pm

i would wait and be prepared to lose if you don't think it's worth the price they are asking. as has previously been said, fewer people would be prepared to move at this time of year unless it was necessary, so you have that advantage.
User avatar
scullion
Registered
 
Posts: 11246
Joined: April 9th, 2010, 2:08 pm
Location: cornwall

Re: Buying a house - advice needed

Postby PurpleLuv » November 28th, 2017, 12:28 pm

I've put my offer in (250) & she has neither accepted or rejected so far, just thanked me for making a more reasonable offer.

She has the second viewing next Monday & will get back to me following that result.

I wish I didn't have so much stamp duty to pay, 10K it's restricting my options :evil:
User avatar
PurpleLuv
Global Moderator
 
Posts: 7976
Joined: March 31st, 2010, 8:15 am

Re: Buying a house - advice needed

Postby suffolk » November 28th, 2017, 12:38 pm

Don't be tempted to pay more than you've already decided you can afford ... that way leads to stress, anxiety, worry and all the things you're best off without.
Fingers are very crossed here :D
Image
“One cannot think well, love well, sleep well, if one has not dined well.”
― Virginia Woolf
User avatar
suffolk
Registered
 
Posts: 34977
Joined: August 11th, 2010, 6:47 am
Location: East Anglia, surprisingly!

Re: Buying a house - advice needed

Postby Seatallan » November 28th, 2017, 12:53 pm

And here. I quite agree- walk away if she refuses your offer. The house with your name on will be out there.... :luv:
Food, Felines and Fells (in no particular order)
User avatar
Seatallan
Registered
 
Posts: 8520
Joined: April 1st, 2010, 3:28 pm
Location: Reading

Re: Buying a house - advice needed

Postby Meganthemog » November 28th, 2017, 2:54 pm

Hi PurpleLuv, I'm in the other position of selling a house at the moment. It's my late MIL's and I'm her executor. I would say stick to your guns unless you really really want the property. I was staggered when we put the house on the market at offers in the region of ???K and the first offer we had was for 10K over the asking price- I accepted it!
Apparently it's the norm these days if you really want to secure the purchase.
Meganthemog
Registered
 
Posts: 1054
Joined: March 31st, 2010, 1:05 pm
Location: Swansea and sometimes Kent

Re: Buying a house - advice needed

Postby Zosherooney » November 28th, 2017, 3:34 pm

I can remember before we moved here.... being very cross with Mr. Z. when I was in lurve with a gorgeous 500k semi in the middle of nowhere with 2 acres. I seethed for days when he would not see my + points..... Then this place (where we now live) came up....... It so much more suits us...... :oops: :oops: :oops: I can now admit he was right and I was not quite so right...... ;) ;) ;)
User avatar
Zosherooney
Registered
 
Posts: 9614
Joined: March 31st, 2010, 3:04 pm

Re: Buying a house - advice needed

Postby Busybee » November 28th, 2017, 3:59 pm

PurpleLuv wrote:I've put my offer in (250) & she has neither accepted or rejected so far, just thanked me for making a more reasonable offer.

She has the second viewing next Monday & will get back to me following that result.

I wish I didn't have so much stamp duty to pay, 10K it's restricting my options :evil:


Hold your nerve Purps, even if she accepts the other offer things do fall through.........don’t up your offer, it will cause too much stress. Got everything crossed for you.

BB
Busybee
Registered
 
Posts: 2978
Joined: December 29th, 2012, 10:25 pm
Location: Manchester & North Yorkshire

Re: Buying a house - advice needed

Postby PurpleLuv » December 3rd, 2017, 6:04 pm

I messaged today asking if any news, agent said owner was looking for more, I replied that I would not be making a higher offer & wished her well.

I had been doing sums this week & honestly think that if accepted the house would not be worth the needed investment on landscaping etc. I do love it but think it might not be the one for us today.
User avatar
PurpleLuv
Global Moderator
 
Posts: 7976
Joined: March 31st, 2010, 8:15 am

Re: Buying a house - advice needed

Postby Busybee » December 3rd, 2017, 6:11 pm

Glad that you are being sensible, who knows, if it’s still on the market in a couple of months she may be receptive to your offer. ( if you haven’t found something else)

:hug:

BB
Busybee
Registered
 
Posts: 2978
Joined: December 29th, 2012, 10:25 pm
Location: Manchester & North Yorkshire

Re: Buying a house - advice needed

Postby scullion » December 3rd, 2017, 6:26 pm

if it is still on the market in a month or two and you still want to make an offer revise your offer downwards - house prices are falling at the moment.
User avatar
scullion
Registered
 
Posts: 11246
Joined: April 9th, 2010, 2:08 pm
Location: cornwall

Re: Buying a house - advice needed

Postby earthmaiden » December 3rd, 2017, 7:09 pm

A shame but there must be something better just waiting for you!
User avatar
earthmaiden
Registered
 
Posts: 8928
Joined: April 2nd, 2010, 8:36 pm
Location: Wiltshire. UK

Re: Buying a house - advice needed

Postby Meganthemog » December 4th, 2017, 12:55 pm

I remember years ago having a rather bossy woman coming to view my house. She said at one point 'where's the en-suite?'. I replied that we didn't have one - 'you have on your details' she said ( it didn't say anything of the kind). She was viewing the house on her daughter's behalf and later the daughter rang to say that she wanted to make an offer - £100K lower than the asking price - because her mother said it wasn't worth more. I thanked her for her offer but said that I wouldn't be accepting it. :evil:

A year later I had a phone call from the daughter - ' oh you are still there' she said 'so you didn't get your asking price'. 'Well our offer still stands if you are interested'.

'Actually' I said ' we did sell and for exactly the asking price - but we took our phone number with us'. :lol: :lol:

Selling and buying is such a stressful time - I hope I don't have to do it again for a long time!
Meganthemog
Registered
 
Posts: 1054
Joined: March 31st, 2010, 1:05 pm
Location: Swansea and sometimes Kent

Re: Buying a house - advice needed

Postby dennispc » December 4th, 2017, 10:21 pm

Lovely story Megan. :lol:
Every day is a good day, it's just that some days are better than others.
User avatar
dennispc
Registered
 
Posts: 1753
Joined: September 8th, 2010, 6:28 pm

Re: Buying a house - advice needed

Postby PurpleLuv » December 12th, 2017, 8:59 am

Update,

Received a message from the agent on Saturday, the second viewing that "was planned" :rolleyes: fell through due to ill health of viewer & seller would accept my 250 offer.

I said I have had time to do my sums & it is not a viable purchase at 250, I'm back looking at my original budget of 240, I wished her well :lol:
User avatar
PurpleLuv
Global Moderator
 
Posts: 7976
Joined: March 31st, 2010, 8:15 am

Re: Buying a house - advice needed

Postby Busybee » December 12th, 2017, 9:21 am

:hi5: ..........let the lower offer stand. It’s not a great time of year to sell. It may go your way.

BB
Busybee
Registered
 
Posts: 2978
Joined: December 29th, 2012, 10:25 pm
Location: Manchester & North Yorkshire

Re: Buying a house - advice needed

Postby scullion » December 12th, 2017, 9:49 am

Agree, it's a buyers market at the moment. If not this one there's another out there with your name on it - don't be tempted to pay more, for somone else's greed, than you think its worth.
User avatar
scullion
Registered
 
Posts: 11246
Joined: April 9th, 2010, 2:08 pm
Location: cornwall

Re: Buying a house - advice needed

Postby suffolk » December 12th, 2017, 10:01 am

Busybee wrote::hi5: ..........let the lower offer stand. It’s not a great time of year to sell. It may go your way.

BB


Absolutely agree ... sit tight and wait it out ... :tu:
Image
“One cannot think well, love well, sleep well, if one has not dined well.”
― Virginia Woolf
User avatar
suffolk
Registered
 
Posts: 34977
Joined: August 11th, 2010, 6:47 am
Location: East Anglia, surprisingly!

Re: Buying a house - advice needed

Postby Zosherooney » December 12th, 2017, 6:54 pm

Great move Purps ! Let's see what happens..... they may be in a hurry ???? Hope fate is good for you....
User avatar
Zosherooney
Registered
 
Posts: 9614
Joined: March 31st, 2010, 3:04 pm


Return to The Coffee Shop

Who is online

Users browsing this forum: No registered users and 7 guests