Speculative offer...made on our home!

lostinrates

In these times of deepest gloom and recession something has just happened which has astounded me...

OK, not ours, but where we live, my parents' home. Its not on the market, but someone who we sort of know made my mother an offer today. I think its an excellent offer for more than the property is really worth and they should take it.

Would leave us in a bit of a quandry though...

lynzpower

OMG!

thats fantastic- are they going to sell it do you think?

lostinrates

lynzpower wrote: »

OMG!

thats fantastic- are they going to sell it do you think?

Yes, it is fantastic. Its a seriously good offer. If my opinion is requested I will say I think they should sell, I think it is in their best interests. My mother will want to but I don't think my father will.

I think its also the question of whther they face the next stage in their lives with the same interests/ideas/wants and I'm not sure they do.:( . And also reevaluating constraints of economy and health.

Cannon_Fodder

There is enough stress in moving when you WANT to, and are motivated, willing etc.

To feel you are being MADE to move, could be a real "digging heels in" moment.
(Not by you, but by the offer being so good.)

Parents will have to move somewhere else - will they want to?

Does money compensate for their friends and neighbours?

(My 90yr-old Grandfather is still in the home he moved into 50+ years ago - despite losing Grandmother recently and getting wobbly on his pins. Its going to take a tractor to pull him out by the fingertips...not enough money in the world.)


My cyncial side would be asking what does the buyer know that makes them pay over the market value?
Previously impossible planning permission, now achievable, or some such?

PasturesNew

Are you saying you think once the money's banked they'll split up?
I know somebody who did that, a couple who were selling their house ... and the plan was to split the cash into both their accounts equally, then rent while they look for their next property. But he had no intention of doing that and simply said "right, we've got half each then, bye" when the money hit the accounts.

lostinrates

Cannon_Fodder wrote: »

There is enough stress in moving when you WANT to, and are motivated, willing etc.
As above, I think this will be a 50/50 divide

To feel you are being MADE to move, could be a real "digging heels in" moment.
(Not by you, but by the offer being so good.)

I think its more an issue of diverging wants and wanting to avoid them ATM, but I see your point.
Parents will have to move somewhere else - will they want to?
As above.

Does money compensate for their friends and neighbours?
They've lived here about 8 years. Friends would be kept in touch with but it is a fairly 'special' community. I don't think its easily found, but then again, I also think my mother is a bit of a rolling stone.

(My 90yr-old Grandfather is still in the home he moved into 50+ years ago - despite losing Grandmother recently and getting wobbly on his pins. Its going to take a tractor to pull him out by the fingertips...not enough money in the world.)
My parents moved a lot in my life, never been in the same home so long as this one. Although I think my father would like to stay for ever I don't think he appreciates how much gardening there is to do, lol.

My cyncial side would be asking what does the buyer know that makes them pay over the market value?


Previously impossible planning permission, now achievable, or some such?
Its a 'highly desiable' address...partly because of the communtiy I guess, but its low turnover sales. I think its highly likely the people would plan to do something radical with the house: something that my parent would never do and would never, therefore, receive the value of.

Response in quoted text

lostinrates

PasturesNew wrote: »

Are you saying you think once the money's banked they'll split up?
I know somebody who did that, a couple who were selling their house ... and the plan was to split the cash into both their accounts equally, then rent while they look for their next property. But he had no intention of doing that and simply said "right, we've got half each then, bye" when the money hit the accounts.

I think its a possibilty, certainly. I also think its as likely one will give in to the others wants and stay married/ogether. Its one I couldn't call ...even when you live with other people who you know really well, relationships are mysterious

Really2

lostinrates wrote: »

Response in quoted text

It sounds a good offer
I used to live in a "fairly special town" but not sure if it is like yours.
Most of the home owners are baby boomers (average age for the town 55, so you can imagine the age of the majority of the population) so now prices are falling they are looking to sell and scale down/retire.
Strangly this town is the nicest lowest crime, beutifull area in the county but due to high house prices and an ageing population the prices have droped rapidly.(Mainly due to the above reasons)

I would think this kind of thing could happen in many nice towns where the population age is unsustainably high.

border_collie

Is the garden huge? Huge enough to build another house?

StevieJ

lostinrates wrote: »

In these times of deepest gloom and recession something has just happened which has astounded me...

OK, not ours, but where we live, my parents' home. Its not on the market, but someone who we sort of know made my mother an offer today. I think its an excellent offer for more than the property is really worth and they should take it.

Would leave us in a bit of a quandry though...

Reads like the script for one of those Sherlock Holmes stories :eek:

lostinrates

border_collie wrote: »

Is the garden huge? Huge enough to build another house?

Yes, however its outside the permitted devolopment area. We -my mother and I- made very tentative enquiries and were...'most vehemently assured' that this would not, as thngs stand now, be granted planning. I'm almost positive more forceful characters would eventually get this through, but again, this is not my parents. The value of the plot in this location is really, imo, the majority of the value of the property.