Another cheeky offer thread

tommy75

QTPie wrote: »

Hi, I think it may take patience to get what you are after, but it really depends on the area and the patience of the sellers (how urgent they are to sell)...

I am looking for large family homes for a similar budget in a city and I am really struggling... Similar to your area, there REALLY is not much housing stock in that sector on the market at the moment. Sellers take advantage of this and anything "good" is coming on at "aspirational" prices (i.e. peak prices or "peak prices plus a bit").

There was a lovely house that should (theoretically) have been within our budget (although had an asking price of £800k): an identical house, a few doors down, with a larger plot sold at £757k in August 2007. So SHOULD have been looking at a realistic selling price today of mid-600s... (the estate agent selling it admitted that houses have dropped 15% in this area). We did go and view and I gave feedback that loved the house, but wasn't prepared (missed out the "able" too) to pay much beyond mid-£600ks for it. I didn't make an offer (EA told me that there was an offer on the table - not very near the asking price, but more than I was talking about). House went under offer 3 weeks after going on the market... how much for, who knows

I would love to be in a new home before Christmas (we are chain-free, in rented, at the moment...)

We are going through a bounce at the moment, people ARE panic buying, sellers have more confidence (and, perhaps, rightly so for a few months...). By September/October onwards, I think that things will quieten down more, people will begin to realise that it was a bounce and that prices still have further to fall and sellers might (fingers crossed) become a bit more willing negotiate. Of course, what stock will be available to buy, by then, is another matter :rolleyes:

I would say offer what you think is fair, but think it through very thoroughly beforehand. Be aware that there may well be another 5-20% fall. Not really an iassue if you have a large deposit, want to live in the house longer term and are buying a "home" rather than an investment... Whether sellers will be aimeable to such an offer at this stage, I am less sure about, but you don't know until you try.

VERY good luck and let us know how you get on .

QT

You've come far, good luck QTPIE. I'm sure you will save £££££

ciano125

geoffky wrote: »

If you are spending this much money..how about getting your own paid for surveyor in to get a price..the sellers will have to agree but maybe that's the way to go for peace of mind

Unfortunately, as someone has said, the sellers wont "have to agree", nobody can force them to sell at any price, however, with regards to the part about getting a surveyor in to agree a price, in my best John Inman impression, "I'm freeeeeeeeeeee!"

1echidna

ciano125 wrote: »

Unfortunately, as someone has said, the sellers wont "have to agree", nobody can force them to sell at any price, however, with regards to the part about getting a surveyor in to agree a price, in my best John Inman impression, "I'm freeeeeeeeeeee!"

I have to say that needing to move quickly, when suitable property is restricted, one will likely have to pay a premium. Only alternative may be a lot of trouble, renting and waiting, not for everyone but may well be a sound financial decision in a falling market.

shirlgirl2004

1echidna wrote: »

I have to say that needing to move quickly, when suitable property is restricted, one will likely have to pay a premium. Only alternative may be a lot of trouble, renting and waiting, not for everyone but may well be a sound financial decision in a falling market.

Renting isn't an option for us. We have 6 dogs, 6 chickens and children about the only thing that would make us less attractive to LLs would be if we smoked and were DSS or whatever it's called nowadays.

ciano125

1echidna wrote: »

I have to say that needing to move quickly, when suitable property is restricted, one will likely have to pay a premium. Only alternative may be a lot of trouble, renting and waiting, not for everyone but may well be a sound financial decision in a falling market.

Think about it, six months rent will cost you what, £12k? I'm guessing here by the type of numbers being bandied about that you arent looking at end terrace type houses. So, lets say you find somewhere that you could put up with living in for six months (I'm presuming you've sold your house already, correct?) and it costs you £2k a month. The flexibility that you get from this route is that you are able to move very quickly and could negotiate significantly more off the price of a house you're looking to buy than the £12k its costing you to put yourself in this better position. You can walk away from deals that arent to your liking, and you can save money while you're at it.

ciano125

Put the dogs in kennels, eat the chickens and erm, well, I cant help you with the kids I'm afraid, but it'll save you shed loads of money in the long run! You dont need to pay in premium in this market, no matter what! Put some effort in girl!!

shirlgirl2004

ciano125 wrote: »

Put the dogs in kennels, eat the chickens and erm, well, I cant help you with the kids I'm afraid, but it'll save you shed loads of money in the long run! You dont need to pay in premium in this market, no matter what! Put some effort in girl!!

I'd be hard pushed to get a kennels to take them and the bill would be in the region of £1800 a month maybe a bit less for a discount so not really a starter. I take it you've never used kennels? The chickens are not very young and would be very tough and chewy. As things stand at least some of them give me eggs.

ciano125

shirlgirl2004 wrote: »

I'd be hard pushed to get a kennels to take them and the bill would be in the region of £1800 a month maybe a bit less for a discount so not really a starter. I take it you've never used kennels? The chickens are not very young and would be very tough and chewy. As things stand at least some of them give me eggs.

Correct I've never used kennels. I'll start though, you can give me £1500 a month and I'll look after them for you, no worries (and i'm allergic to dogs as well!)

1echidna

shirlgirl2004 wrote: »

Renting isn't an option for us. We have 6 dogs, 6 chickens and children about the only thing that would make us less attractive to LLs would be if we smoked and were DSS or whatever it's called nowadays.

Plenty of eggs I imagine. I understand. (Department of Work and Pensions now I think until they change it again)

shirlgirl2004

ciano125 wrote: »

Correct I've never used kennels. I'll start though, you can give me £1500 a month and I'll look after them for you, no worries (and i'm allergic to dogs as well!)

Well they poo an awful lot and one is prone to biting men (are you male?). Oh and the beagle needs loads of walks and is really noisy, last time she came back from the kennels she'd lost her "voice". I nearly forgot they are really dirty little blighters and will pee everywhere given half a chance but if you're willing