Dilemma??

*Dory*

I have a dilemma and was just after a bit of a sounding board really.

We have been looking for a house for about 4 months now and about 2 months ago we put an offer on 1 that needed a lot of work doing. Our offer (cash no mortgage, 28 day completion, £175k) was rejected and the house was sold subject to contract (mortgage, FTB, £180k). Before this the house had been for sale for over 12 months prior to this with no offers. It's a probate between 4 siblings and was up for £220k

Now my dilemma is it's back on the market today and we have told the EA that we are still very interested but because we couldn't find anything we have booked to go away for 3 weeks and we go in 3 weeks.

Do we wait until we get back and see what's happened with the house? The plan was to start looking again when we got back.

Do we offer but without the 28 day completion? Or do offer and we push to try and get it through before we go (if accepted)?

Lastly would you offer £175 again or would you go for less?

nikki1520

If you're still interested I would offer again, but maybe a little lower -170ish? I would make the point that you'd offered before and that this new offer reflects the messing about and is only valid if no one else sees the property - that is, it's taken off the market, pronto

I would be tempted to see if you can get the exchange done prior to going away and wrap it up when you get back - worst case then is that you'll get a chunk of cash for the vendors pulling out of the deal if it comes down to it

I'm no expert on property, that's just my humble opinion

Good luck

JayZed

Is the 28-day completion something that's been requested by the vendors? If not, is there any particular reason that you're pushing for that?

Do you know why the previous sale fell through? That's probably something you'll want to investigate - i.e. did something nasty come up on the survey?

If I were in your position I'd probably go in with the same offer as before, £175K.

*Dory*

The 28 day completion was something we could arrange, more of an incentive than anything as the house is empty and the vendors are still paying bills and council tax etc.

The previous sale fell through due to the buyers not being able to finance work that needed doing (cosmetic in my opinion)

I've been with a builder today to get a price for everything that needs doing so I think we may let them stew for a few weeks while we get a price and we get back from our holiday before getting back to them. If it's meant to be (please!!) it will still be there when we get back.