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    best and final offers - tactical tips please???
    • #1
    • 4th Oct 07, 7:25 PM
    best and final offers - tactical tips please??? 4th Oct 07 at 7:25 PM

    You may have read my earlier thread bemoaning the state of the West London zone 2 housing market.

    Anyway, earlier this week we bid on a house that is currently in very poor condition but on a very desirable road. It is currently divided up into two flats and needs an enormous amount of work, but because of its location has attracted HUGE interest.

    We supposedly had a sealed bids situation on Monday but it later transpired the vendor had no intention of making his mind up until tomorrow. The house is being sold following a court order, and tomorrow is apparently the meeting with his co-owner's solicitor.

    The house is being marketed through four agencies so over the last few days we've tried to get the agent through whom we viewed on side, in the hope he would find out how much it would take to close the deal down; but either the vendor is a complete shark or the agent a total muppet because we are no closer to striking a deal.

    Tomorrow 9am is a 'best and final bids' situation. We really want and need this house but can't afford to overpay on it because of the enormous amount of work it needs to be habitable. (We'd also be paying rent to live elsewhere whilst the building work is being carried out).

    What should we do? We sold our flat back in April so are chain-free cash buyers, and we're prepared to make a strong offer, but I'm rapidly learning this means nothing in the West London market...asking price plus, or nothing.

    Help, please. Before I go mad...

    Thank you!
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