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

daveb975

shoe-gal wrote: »

so is the general consensus that offering 82% of asking price fair?

I don't think it should ever be viewed as unfair, but whether an offer will be accepted or not depends on what the asking price is and what the sellers position is.

Some of the flats that I have been looking at would have been put on the market and sold at £350k in 2006/7. Now, some more realistic sellers have reduced these to £275k while others stand firm at £350k.

Offering 82% of a peak price could be seen as ridiculously generous now. Offering 82% of a heavily reduced price may seem unreasonable, but if the seller wants or needs to move quickly, they may just accept - no one would know if the offer was not made.

puddy

suckers2008 wrote: »

Hmm I was thinking about this - I do have £6K in savings which were meant to be going towards converting the loft into another massive double bedroom and bathroom OR ripping the kitchen out and re-doing it in order to gain the second bedroom - if only a small second bedroom but I would rather keep my savings under my belt at the moment just in case something does happen with other halfs job then I can pay the mortgage for a few months

can you not just put a dividing stud wall across the lounge and use it as a bedroom for a few years, surely you dont need to spend all that money disposing of something you have only just put it. why do all rooms have to be 'massive'?

shindigger

suckers2008 wrote: »

I dont know can you think of something else thats a litle bit rude or offish to say to me?

Bad luck. Youre stuck with it unless you undershoot.
Your attitude is going to cost you even more money.
Party's over.
Once we get the other side of Browns election, rates will soar. Whoever wins.

Sorry.

tommy75

suckers2008 wrote: »

Hi All

My flat has ben on the market for nearly 3 weeks and we got or first offer yesterday.....for £40K under the asking price!!! What are these FTB's on???!!

So much?
Welcome to the real world.

System

suckers2008 wrote: »

Hmm I was thinking about this - I do have £6K in savings which were meant to be going towards converting the loft into another massive double bedroom and bathroom OR ripping the kitchen out and re-doing it in order to gain the second bedroom - if only a small second bedroom but I would rather keep my savings under my belt at the moment just in case something does happen with other halfs job then I can pay the mortgage for a few months

So you are going to spend yet more money on re-refurbishment? Won't that be pointless if 1 year down the line you can't afford to pay back the mortgage, are forced to sell and property prices have fallen even further?

One moment you want to turn your current property into an 'ideal home' and the next second you want to pick up and start a new life somewhere else. Sit down, assess your financial situation and decide on what's right for you.

LandyAndy

QTPie wrote: »

For context, it would have been worth you posting that at the start of the thread... :rolleyes:

Obvviously with 13 viewings lined up, tell the person who offered that you will get back to them next week.

QT

:rotfl: :rotfl: :rotfl:

I think some of these viewings may be in the OP's head.

daveb975

candyflossing wrote: »

One moment you want to turn your current property into an 'ideal home' and the next second you want to pick up and start a new life somewhere else. Sit down, assess your financial situation and decide on what's right for you.

I think that the OP has become pregnant so needs to move for more space - not necessarily the plan all along.

If it were my money, I would probably convert the loft to turn this into quite a comfortable home for a 3 person family. Then take a view on moving in a few years time.

What I would not do is move somewhere just because it is cheap. In London, cheap areas are cheap for a reason. The nice parts of SE London/Kent like Beckenham and Chislehurst are relatively expensive, but the cheaper parts of that area are likely to come as a bit of a shock after Crouch End!

confused31_2

Bottom line you need to price your house at 2004 prices and then you will still get people making low offers, i think you got a good offer considering when you bought.

barnaby-bear

suckers2008 wrote: »

Hi All

My flat has ben on the market for nearly 3 weeks and we got or first offer yesterday.....for £40K under the asking price!!! What are these FTB's on???!!

http://forums.moneysavingexpert.com/showthread.html?t=1393243

Weird other thread doesn't quite match the story this time round

LittleMissAspie

suckers2008 wrote: »

I spent that money on it 6 months after I brought it so 2.5 years ago its all white walls, white kitchen, original wooden floorboards, all very very neautral colour is only added with accessories like pictures and candels etc so it really is a blank canvas

So a month ago your outstanding mortgage was 160k (http://forums.moneysavingexpert.com/showpost.html?p=17333333&postcount=1) but now it's 210k (http://forums.moneysavingexpert.com/showpost.html?p=18423375&postcount=18).

You just spent 20k on the lease which would bring the mortgage up to 180k. Where's the other 30k?