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Buying too high a price? Advice needed...

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Comments

  • charliee_3
    charliee_3 Posts: 803 Forumite
    i'd wait till you've had the survey.. they may pick up other more expensive things you havent noticed and i doubt they would consider reducing twice...plus you will have an experts opinion in your hand as back up in your argument...
  • Gimlet
    Gimlet Posts: 48 Forumite
    charliee wrote: »
    i'd wait till you've had the survey.. they may pick up other more expensive things you havent noticed and i doubt they would consider reducing twice...plus you will have an experts opinion in your hand as back up in your argument...

    Agree with this.

    We have just had a very similar experience and decided to proceed at the agreed price. Having been looking at the market for over a year we weren't prepared to lose the house for the sake of a few £K. Once you are in and settled you will have long stopped thinking about the possibility you could have saved a couple of thousand pounds.
  • geoffky
    geoffky Posts: 6,835 Forumite
    Gimlet wrote: »
    Agree with this.

    We have just had a very similar experience and decided to proceed at the agreed price. Having been looking at the market for over a year we weren't prepared to lose the house for the sake of a few £K. Once you are in and settled you will have long stopped thinking about the possibility you could have saved a couple of thousand pounds.

    BECAUSE ITS NOT REAL MONEY IS IT??? YOU JUST PAYBACK £3 FOR EVERY £1 YOU BORROW:rolleyes::rolleyes::rolleyes:
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • picardygirl
    picardygirl Posts: 558 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    The seller does appear to have accepted an offer very quickly, and also agreeing to removing the property from the market immediately, ie cancelling the next days viewing! I, wouldnt take a property off the market til a firm mortgage offer was in place, especially in the current climate, or maybe they decided it was what they were happy to accept and you were in a good position to move quickly...... assuming you are !

    But i wouldnt go in an try and change the offer by £5k by saying a crack in a washbasin or a few light switches need looking at, that to me cant justify £5k and you should have offered your original offer on that basis.
  • HellsGranny
    HellsGranny Posts: 308 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    It isn't a good idea to add furnishings, etc. to the mortgage. if you want certain things, offer for them separately, or you'll be paying for them for years!

    Alternatively, ask if they'll 'throw in' certain things to seal the deal.
  • Gimlet
    Gimlet Posts: 48 Forumite
    geoffky wrote: »
    BECAUSE ITS NOT REAL MONEY IS IT??? YOU JUST PAYBACK £3 FOR EVERY £1 YOU BORROW:rolleyes::rolleyes::rolleyes:

    £1.50 per £1 in my case actually but what is your point?
  • paroncider
    paroncider Posts: 17 Forumite
    penguine wrote: »
    A spokesman from the Rightmove website was on Radio 4 the other day saying that properties listed there are going for, on average, 30% below the asking price.

    No way. I definitely disagree. I have read that prices up north have taken a hit, but that doesn't hold true in the south. I'd never be taken seriously if I tried to offer 30% below asking price.
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