Very low offer accepted, should I wait?

vaio

I was going to say buy it and put it up for auction but remember it's not unknown (or illegal) for auctioneers to take bids "off the wall" to bring the price up towards the reserve so the highest actual real bid could have been half what you are offering

HAMISH_MCTAVISH

ManAtHome wrote: »

We don't have any gunboats left..?

True. But we have these instead....





Fairly sure these are better....:D

vaio

HAMISH_MCTAVISH wrote: »

True. But we have these instead....





Fairly sure these are better....:D

Nah, the yanks have the remote control

HAMISH_MCTAVISH

vaio wrote: »

Nah, the yanks have the remote control

:rotfl::rotfl::rotfl::rotfl:

Well, they have the only maintenance contract for the missiles, which is close enough I suppose.

Davesnave

An old farmhouse with, presumably, a bit of land big enough to make a large garden, in the country, and it didn't reach reserve? Either the reserve was high, or you are talking about somewhere remote and windswept, possibly in Wales.

In England, as they say in Hitchhikers, 'this never happens,' because there are plenty of folk with enough cash still looking around.

Snooze

headcone wrote: »

Some people are stupid enough to think that the government still sets interest rates,so who knows.

Some people are stupid enough to think that the government and the BoE aren't in bed with each other,so who knows.

:rolleyes:

R

zappahey

HAMISH_MCTAVISH wrote: »

:rotfl::rotfl::rotfl::rotfl:

Well, they have the only maintenance contract for the missiles, which is close enough I suppose.

But not for the bit that actually goes bang.

macaque_2

RDB wrote: »

I put a very very low offer in for a lovely old farm house in the country. I saw it on a property auction news letter I get, it didnt even reach its reserve price. I put an offer in even less than that and now its officially under offer.
I was prepared to negotiate but it apears they are accepting it.
Should I wait until next year/the year after for even lower prices?
I dont want to buy now then find the value falls even more.

I'm confused. You put in a offer for a place. Because the vendor accepted the offer you have now having doubts. So why did you make the offer? Is wasting people's time a hobby for you?

whathavewedone

How much is the farmhouse? Where is it? Do you have a link?

Surely if you really like it and intend being there for the mid term you would buy it. If you are more worried about the fact that you might lose a few grand on it in the short term then don't buy it.

I don't see how some strangers on an internet forum can make your mind up for you, particularly as we don't know any details regarding size, location, price, condition etc etc etc.

Heyman_2

Snooze wrote: »

Some people are stupid enough to think that the government and the BoE aren't in bed with each other,so who knows.

:rolleyes:

R

Yes, and our government also dropped the interest rates in the USA, the EU and several other countries to all-time lows because that's the power that Gordon has. :rolleyes:

There is a lot more to these low interest rates than Labour trying to save their own necks.