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FTB! Advice on putting in an offer!!!!!
Comments
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Beckymarshall07 wrote: »Yeah I know just really fed up with being messed about and EA thinking I'm a mug. Yes, I'm taking a step back and going to wait and see. I think they are mad not to accept offer personally as we are FTB and can move quicly and they want the house sold with no upward chain.
Honey in the nicest possible way the EA will treat you as a mug as that is how you are acting.
Upping offers in this market IS A MUGS GAME.
:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Beckymarshall07 wrote: »Yeah I know just really fed up with being messed about and EA thinking I'm a mug. Yes, I'm taking a step back and going to wait and see. I think they are mad not to accept offer personally as we are FTB and can move quicly and they want the house sold with no upward chain.
TBH Becky, you have been playing like a mug, upping your offer twice! The EA must think christmas has come early!
edit - sorry lynz didnt see your post saying the same thing first.[FONT=Arial, Helvetica, sans-serif]Rise like Lions after slumber
In unvanquishable number -
Shake your chains to earth like dew
Which in sleep had fallen on you -
Ye are many - they are few.[/FONT]0 -
Honey in the nicest possible way the EA will treat you as a mug as that is how you are acting.
Upping offers in this market IS A MUGS GAME.
There is always one! Some silly comment lying around the next corner. They want advice not to be told how they are a mug.
Same thing happened us, played the first time buyer card and it worked.
Good luck, we know how stressful it is.0 -
There is always one! Some silly comment lying around the next corner. They want advice not to be told how they are a mug.
Same thing happened us, played the first time buyer card and it worked.
Good luck, we know how stressful it is.
Its not a silly comment. This is the biggest property crash in history and the OP is upping her offer the whole time? Er.....[FONT=Arial, Helvetica, sans-serif]Rise like Lions after slumber
In unvanquishable number -
Shake your chains to earth like dew
Which in sleep had fallen on you -
Ye are many - they are few.[/FONT]0 -
I wouldn't walk away from this, I would run!!!!
This is a fool proof way of losing serious cash. You wont get it back ever, even if in 20 years the property is worth twice as much pay, you never get your initial cash deposit back once its gone into a property thats value drops first.
personally to be tempted into a property, i would take a gamble at 35-40% under market value if it was the perfect house. Nothing else. People forget about the true cost of overpaying, how much does the extra 30 or 40k cost in repayments over 25 years? thats the true cost.
stay clear, plenty of great deals just round the corner. oh, and yes, the estate agent is spinning you along, big style!!! Dont get caught up in a fictitious bidding war, there will only be one winner.
regards.
TS0 -
2 months ago OH and I offered £145k on an asking price of £156k - the offer was immediately rejected.
The next day - to the EA's obvious surprise I withdrew our offer.
On Saturday we received a 'courtesy call' from the EA to say that the property was now being marketed at £129k!
THAT'S how bad the market is and that's how ruthless you are in a position to be.
Don't know if it's the best tactic to use and it won't always work but it saved us £15k :beer:0 -
Come on beegee123 you can't leave it like that! Did you buy it????
0 -
I bet ALL EA are doing this.....its desperation to save themselves, if house prices keep dropping, more and more of them will have to find a new job!!!If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
I would add re my sons accepted offer - it was 50% below what it sold for in Jan 2007.0
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We looked at a house up for £130k that I felt needed a lot of work but my wife loves and wanted to offer, but I refused, that has now been reduced to £118k.
If you want the house then offer what you can afford and want for it, certainly wouldn't be my advise, but then you ignored the advice not to increase your offer as well.
Otherwise I would suggest waiting, if it goes then as a first time buyer in this market I would be surprised if you don't get something better for less pretty soon.
Keep in touch with the EA that has the property on their books and let them know you are serious about buying as they should treat you very well.
£2,000 for a quick sale on commission is worth a lot at the moment to an EA.Nothing to see here :beer:0
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