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making an offer
astonaut
Posts: 6 Forumite
any advice on this - what would a reasonable offer be in this situation?
sellers have house to sell at 539950. sale fallen through at last minute so is back on the market. have emigrated to south africa so need a sale.
buyers have cash buyer on their property - mortgage agreed in principal
what would you go in at? remembering stamp goes up to 4% at 500k!!!
would be really interested to know what people in other places in the uk would think is acceptable.
Thanks!
sellers have house to sell at 539950. sale fallen through at last minute so is back on the market. have emigrated to south africa so need a sale.
buyers have cash buyer on their property - mortgage agreed in principal
what would you go in at? remembering stamp goes up to 4% at 500k!!!
would be really interested to know what people in other places in the uk would think is acceptable.
Thanks!
0
Comments
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I'd chance it at 480000 and they can't be a cash buyer if they have a mortgage in principle a cash buyer is someone who turns up with a suitcase with 500k in it ;p0
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oh sorry i meant that the buyers have a cash offer on their house for around half the value of the purchase price and a mortgage in place for the rest.0
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oh sorry i meant that the buyers have a cash offer on their house for around half the value of the purchase price and a mortgage in place for the rest.
No different from any other mortgage application then really only if the Surveyor undervalues they can decide to make up the difference. Why are the buyers disclosing their cash deposit anyway - they still need a mortgage so its largely irrelevant.0
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