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Offer on house - work needing doing

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Comments

  • poppysocks1
    poppysocks1 Posts: 188 Forumite
    Part of the Furniture Combo Breaker
    Why should I keep renting? Please can you explain. Thanks!
  • Wickedkitten
    Wickedkitten Posts: 1,868 Forumite
    Part of the Furniture Combo Breaker
    poppysocks1 wrote: »
    Why should I keep renting? Please can you explain. Thanks!


    25k worth of building work that wants done with prices are still dropping and the fact you aren't exactly losing out financially by renting when your mortgage payments are actually the same price as your rent, especially if it ends up being higher than your rent if you include the monthly cost of your insurances and assurances.

    Did your mortgage lender put any retentions on it since the surveyor is saying you need to do some structural work on it?

    Mind this isn't really a post saying OMG YOU ARE DOOMED STAY IN RENTED FOREVER!!! but I definitely would be seeing if there were other houses in that price range that don't need as much work done on them.
    It's not easy having a good time. Even smiling makes my face ache.
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    Add 20% onto the £25k
    Not Again
  • Swipe
    Swipe Posts: 5,714 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    iwantbargains wrote: »
    You have to also remember stamp duty has changed but currently only for a limited period so the longer you leave it.....

    You don't really believe that the stamp duty threshold will drop below £175k again do you? :rotfl:
  • hamblettamaud
    hamblettamaud Posts: 224 Forumite
    is it possible that the price you offered might be fair because the property needed development? i mean, if it already had a lovely kitchen and double-glazing then it may have been worth even more that that which you are offering. does that make sense? anyway, bottom line is, like everyone is saying, if you're not happy with your offer then make a revised offer.
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