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Very low offer accepted, should I wait?

124

Comments

  • asharon
    asharon Posts: 1,226 Forumite
    Part of the Furniture Combo Breaker
    It sounds as though squatting might offer a better potential return and be along the lines of what you are looking for.
    Nice to save.
  • shakerbaby
    shakerbaby Posts: 413 Forumite
    Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait !

    We are on the precipice of doom. Do not buy!!!
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    shakerbaby wrote: »
    Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait ! Wait !

    We are on the precipice of doom. Do not buy!!!

    Well seeing as you put it in Times New Roman 36pt., I'll take heed - 24pt. or less and I might not have believed you. I'd have been really worried if it had been 72pt. :p
  • shakerbaby
    shakerbaby Posts: 413 Forumite
    Heyman wrote: »
    Well seeing as you put it in Times New Roman 36pt., I'll take heed - 24pt. or less and I might not have believed you. I'd have been really worried if it had been 72pt. :p

    72PT wasn't available.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    A lesson for sellers, don't accept low offers icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • whathavewedone
    whathavewedone Posts: 902 Forumite
    edited 29 August 2009 at 1:18PM
    Having looked at the other thread I think you're barking, absolutely barking.

    Didn't you say you were the mother of a small child on another thread? Is it really the best thing for a small child to be hidden away in a house with boarded up windows?

    I think the risk of the market falling further is small peas compared to the very real risk of never ever getting planning permission.

    That's the reason that the current owner wants to get rid of it, why it had a low reserve in the first place and why no one else is touching it with a bargepole.

    It's not a case of squatters rights as the land would be owned by you - you need to establish a residential right either by way of planning permission or by the passage of time. Assuming that you don't get planning permission and are hoping to establish a right of prescription, this will take longer than it would to establish squatters rights and even then you would almost certainly have major difficulties selling the property.

    Do you really want to spend years hiding behind boarded up windows? How is your baby going to have friends round for tea when they start going to school? How are you going to explain your situation to people and what happens if they grass you up? Are you planning to live like a hermit for more than a decade?

    Maybe you just haven't thought this through properly. The thing is though, if something seems too good to be true it usually is. Otherwise we'd all be saving fortunes buying land that can't be built on and building on them anyway, or houses that can't be lived in but living in them anyway.

    I feel sorry for the seller though, sounds like you've really mucked him around.
  • dopester
    dopester Posts: 4,890 Forumite
    Heyman wrote: »
    Ad (before he got PPR'd) recently said that he thinks he might look to buy in 18 months time. So how long has he been waiting already? What if the market conditions don't look right to him in 18 months? Is he going to spend another 18 months waiting? I just think life's a bit too short for it, is all.

    Don't know why Ad is supposedly forum-banned, but he may be perfectly happy with his life, other than not owning a home in his own name. He always seemed content to me, with his work seeing him travel about a lot on business.

    With renting he has freedom to move. He may not want to buy in a failing area and then spend the rest of his life regretting it as values plummet and opportunities decrease in some dying failing location (eg: Blackpool.)

    Home ownership at whatever cost is not everything in life Heyman.
  • b0rker
    b0rker Posts: 479 Forumite
    RDB wrote: »
    It`s amazing how many today beleieve what they are trying to make you think.

    Can I have a shot of your hat?

    I have a chicken to roast.
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    dopester wrote: »
    Don't know why Ad is supposedly forum-banned, but he may be perfectly happy with his life, other than not owning a home in his own name. He always seemed content to me, with his work seeing him travel about a lot on business.

    With renting he has freedom to move. He may not want to buy in a failing area and then spend the rest of his life regretting it as values plummet and opportunities decrease in some dying failing location (eg: Blackpool.)

    Home ownership at whatever cost is not everything in life Heyman.

    Certainly not, but we're talking about people who want to buy but are waiting for the 'right' time. I'm just saying there is no 'right' time - not without hindsight anyway.
  • whathavewedone
    whathavewedone Posts: 902 Forumite
    Does RDB stand for Really Dopey Bird?
This discussion has been closed.
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