Had an offer....what is this a joke?!!

tomstickland

suckers2008 wrote: »

From a pregnant, intelligent decent newly married woman who has worked hard her whole life and brought her first house at 22 in london which is probably more than any of you lot have ever done

Calm down dear.

domcastro

suckers2008 wrote: »

but we are not looking to buy anywhere else we will be renting

ok - but the HPC is hitting 1 bedder flats the worst
Just try and break even (with the mortgage and lease costs)and put it down to experience

Also, the house I'm buying is detached - there was a similar edwardian semi for sale for 249k - it had all the fancy gadgets - even flat screen telly in the bathroom built in to the tiles and huge plasma screen built in into the lounge wall. I didn't bother viewing it because the house is only worth 185 - not into gadgets enough to pay a 50k premium

System

suckers2008 wrote: »

From a pregnant, intelligent decent newly married woman who has worked hard her whole life and brought her first house at 22 in london which is probably more than any of you lot have ever done

You mean you went down to your bank and took out a huge mortgage to buy a house at 22.

vandiss

suckers2008 wrote: »

but we are not looking to buy anywhere else we will be renting

Wisest thing you've said by far!

suckers2008

yes thats right I did get a nortgage at 22 - sold a year later and made £60K profit then brought a house in the country that was in a right mess and sold that 2 years later and made a nice profit and then after a bit went off travelling for a year and a half and spend a bit but invested the rest, then had to pay towards mums healtn stuff and my nan into a nursing home

carolt

OP - are you aware that achieved prices as a proprtion of asking prices is currently running at c. 88% (a percentage point more or less depending on area - that's the national figure).

So selling at 12% off is average - far from your buyer 'joking', they are just offering slightly under that, allowing you to negotiate a tiny bit.

Secondly, you bought a 2 bed flat - you now want to sell a 1 bed flat, albeit a large one. Of course it's cheaper!

Thirdly, any buyer will see that you paid 180K for it 3 years ago, and - as we are back to 2004 prices - most will offer you no more than that. They won't know how much you spent on it, or care particularly. Frankly, if you're being offered more than that, I'd bite their hand off - it seems a very generous offer, particularly in the light of losing the second bedroom.

lil'H

i've seen lots on this way go for more than 40k below their asking price. In a few months time the offers will be coming in at 175 to avoid the stamp duty. No offer is a joke, it's up to you to say yes or no, simple as that.

carolt

Oh just had a look - there are currently 4 2-bed flats in the area (plus more under offer) asking 250K or less.

Know which I'd go for in a falling market (those or yours) - not yours! - 1 bed flats always fall faster, as people realise they can afford somewhere bigger instead.

No-one ever wants to buy a 1 bed flat, even if they're single - people always want a spare room or study or storage room.

hethmar

Im afraid Carol is very probably right. In this market people are going to look for the largest accommodation they can get for the money. A one bed is not a good seller.

suckers2008

gee thanks everyone
I hope you all live happy and prosperous lives