OMG - the stress

ukcarper

I think what people paid for their house is irrelevant surely a house is worth what it's worth. I wouldn’t sell my house for less than the market value just because it's almost mortgage free.

Has the EA put your offer to the vendor after all it's them that has to say no not the EA

poppysarah

geordiepaul2001 wrote: »

Yeah so I led to believe.

I assume the council has put a charge on the property for half of it - presumably they set this at half the value at the time it's done -
Whether that's fair now house prices have dropped ... well, that's another matter.

If you don't want to up the price and they can't lower it - then you're stuck.
But just because of their financial issues you shouldn't feel obliged to pay more than you feel the place is worth.

geordiepaul2001

ukcarper wrote: »

I think what people paid for their house is irrelevant surely a house is worth what it's worth. I wouldn’t sell my house for less than the market value just because it's almost mortgage free.

Has the EA put your offer to the vendor after all it's them that has to say no not the EA

Yeah they said he rejected but was willing to negotiate under the asking price

geordiepaul2001

poppysarah wrote: »

I assume the council has put a charge on the property for half of it - presumably they set this at half the value at the time it's done -
Whether that's fair now house prices have dropped ... well, that's another matter.

If you don't want to up the price and they can't lower it - then you're stuck.
But just because of their financial issues you shouldn't feel obliged to pay more than you feel the place is worth.

Its hard to guage its value.
Houses in that area are scarce, the crime rate is extremely low and the local school is the best in the area.

• Not sure how good mouseprice is, they value the house at £108,300

ukcarper

All you can really do is offer the maximum you want to pay and if he doesn’t accept walk away.
If it is your ideal house and you intend living there for a long time in the long term a couple of thousand either way won’t make any difference.

Podder

geordiepaul2001 wrote: »

Yeah they said he rejected but was willing to negotiate under the asking price

Why not ask them what their bottom line is? Save all the messing around - if you're happy then buy it, if not then walk away.

JayZed

I would be frank. Go back, offer £110K, and state firmly and explicitly that this is your highest offer.

Either they'll accept it, or they won't - and if they don't, walk away and look at other properties, but make it clear that the offer is still on the table if they change their mind.

geordiepaul2001

Increased offer refused as the vendor has spoken to wife and daughters who think she is selling too cheaply :mad:

pawpurrs

What was your increased offer?

geordiepaul2001

£113,000 plus some fixtures and fittings