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OMG - the stress
geordiepaul2001
Posts: 318 Forumite
Hi all,
My wife and I have finally found a house that ticks all the boxes and would be our home for years to come.
It was listed originally at £155,000 and has slowly came down to offers over £120,000.
I have offered £105,000 today, and as expected it was refused.
The agent has said that the vendor is willing to accept less, but has a bottom line that he must achieve.
I am planning to go back in at 109,950, however my wife wants to wait a few days.
After reading all the threads on gazumping etc, I am starting to worry.
My wife and I have finally found a house that ticks all the boxes and would be our home for years to come.
It was listed originally at £155,000 and has slowly came down to offers over £120,000.
I have offered £105,000 today, and as expected it was refused.
The agent has said that the vendor is willing to accept less, but has a bottom line that he must achieve.
I am planning to go back in at 109,950, however my wife wants to wait a few days.
After reading all the threads on gazumping etc, I am starting to worry.
June 2016 - Pair of Brooks Glycerin 14's
July 2016 - Annual family pass to English Heritage
August 2016 - overnight spa break with dinner and breakfast for two
September - BBQ toolbox
July 2016 - Annual family pass to English Heritage
August 2016 - overnight spa break with dinner and breakfast for two
September - BBQ toolbox
0
Comments
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What did they pay for it?
houseprices.co.uk0 -
poppysarah wrote: »What did they pay for it?
houseprices.co.uk
They have had the property for 30 years so it is not listed on any sitesJune 2016 - Pair of Brooks Glycerin 14's
July 2016 - Annual family pass to English Heritage
August 2016 - overnight spa break with dinner and breakfast for two
September - BBQ toolbox0 -
So it's probably fair to say they have no mortgage unless they have mewed insanely ... and paid peanuts for it.
This bottom line they have to achieve usually means they've got a mortgage to clear. Which you'd have thought they wouldn't have. But in this day and age who knows.0 -
I assume the house has been on some time for the reduction from 155 to 120k? Do you know of any other offers? If yours is the first one, I will personally wait a few days. Its stressful but patience!!!
good luck with the hosue! 0 -
The house has been on since last July.
They had one other offer (at asking price) but struggled to get a mortgage in place.
I know their is other viewers but no othe bidders have been mentioned.June 2016 - Pair of Brooks Glycerin 14's
July 2016 - Annual family pass to English Heritage
August 2016 - overnight spa break with dinner and breakfast for two
September - BBQ toolbox0 -
Key question: how much are you willing to pay for it?0
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poppysarah wrote: »So it's probably fair to say they have no mortgage unless they have mewed insanely ... and paid peanuts for it.
This bottom line they have to achieve usually means they've got a mortgage to clear. Which you'd have thought they wouldn't have. But in this day and age who knows.
They don't but unfortunately the vendor has a duty of care to her other half and needs to cover her care costs now they have split up.June 2016 - Pair of Brooks Glycerin 14's
July 2016 - Annual family pass to English Heritage
August 2016 - overnight spa break with dinner and breakfast for two
September - BBQ toolbox0 -
geordiepaul2001 wrote: »They don't but unfortunately the vendor has a duty of care to her other half and needs to cover her care costs now they have split up.
You mean care home costs?0 -
poppysarah wrote: »You mean care home costs?
Yeah so I led to believe.June 2016 - Pair of Brooks Glycerin 14's
July 2016 - Annual family pass to English Heritage
August 2016 - overnight spa break with dinner and breakfast for two
September - BBQ toolbox0
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