how to protect myself and not lose out

Catbells

pawpurrs wrote: »

100k off at that level is a good offer!
But am now totally confused as quoted above you had a procedable offer for 1.5million in feb, but earlieryou say that this offer is the best you have had in four mths?

Sorry but the offer I had was for £1.3 back in 2007/8.

I posted that not to discuss MY situation but to add to the chat about interest in houses and crashes and so on which I didn;t find to be the case. I was trying to be anonymous which seems you can't get away with anything on this board! I even thought about changing my id on the board because all the things I'm discussing are very personal. I was shocked that someone went to the trouble of searching me out on matters unrelated to house selling.

getmore4less

Catbells wrote: »

I am dealing with one aspect of my retirement at a time and the house is the first priority. That's why I am on this board. As you have seen I am exploring other avenues related to investing for my pension. £150k is part of that and as you rightly noted there is a bit more but will sort that at a later time. My m/g after 20 years is £350. I live in London and looking to buy another house for around £550k

what £350k or £350pm

Whats actualy left on the mortgage.

One step at a time is not a good way to do this you need a plan that works, you could make a mistake on an early step if you don't have a plan.

decide where the end is in terms of income/living and work back.

Is the place you are looking to buy a serious long term retirement place(no stairs), moving at this level is VERY expensive so if you need to move again thats another £20k gone before you know it.

Why stay in London?



What happened tothe 1.5m buyer in Feb?

Catbells

JimmyTheWig wrote: »

Consider this...

You have accepted an offer from Buyer A.
Buyer A incurrs solicitors fees, survey fees, etc on your property.
Buyer B comes in with a better offer.
You accept the offer from Buyer B and tell Buyer A that they can't have it after all.
Buyer B finds out about Buyer A. (If I was Buyer A, I wuold do my best to inform Buyer B.)
Buyer B pulls out.

You've now incurred solicitors costs from the partial sale with Buyer A, possibly more solicitors costs from the partial sale with Buyer B and you've lost yourself two buyers prepared to pay an acceptable price.
You can try to play this game if you want. Certainly there is nothing legally to stop you. But I don't think that it is in your best interest.

In addition, Buyer C who might also be interested has seen your property being Sold STC twice and both times coming back on the market. He now wonders what's wrong with it and gives it a wide berth.

This puts it in perspective. I think I need to give the new agents a couple of weeks and then decide whether to go for the offer - if its still there. Its a gamble. Will decide whether or not to do this overnight as its all thrown up today and creating a dilemma in something which I know little about.

Catbells

getmore4less wrote: »

what £350k or £350pm

Whats actualy left on the mortgage.

One step at a time is not a good way to do this you need a plan that works, you could make a mistake on an early step if you don't have a plan.

decide where the end is in terms of income/living and work back.

Is the place you are looking to buy a serious long term retirement place(no stairs), moving at this level is VERY expensive so if you need to move again thats another £20k gone before you know it.

Why stay in London?



What happened tothe 1.5m buyer in Feb?

MFL Those figures were hypothetical ones as explained in a previous quote as I wanted to remain anonymous. Some hope:eek:

I was offered £1.3 a couple of years ago and hope to get £1.25 this time round.

The M/g is about £350k and is ex husband related ( hence the anonymity!!!)

I am getting an annuity and am looking at other investments too. I live in London and my family do so I don't want to move out where I don't know anyone or have any life structures in place. Too many people find that out too late and then can't afford to move back. I may rent if I cant find anywhere straight away. Certainly not ready for an OAP place yet! The main concern is to sell the house soon as poss.

getmore4less

The main concern is to sell the house soon as poss

Take the offer on the table if it is enough and solid, try not to !!!! them off.

pawpurrs

I agree, totally confused as to how much the offer is, but thats by the by, at a house being markerted in the region of 1.3m, that is certainley not a cheeky offer. You will be dealing with people with money, and as such will have a bit of a buisness head, if you have been trying to sell that long, and the offer is solid, take it with open arms, be able to move on with your life, get settled and enjoy retirement., and please take the house off the market and dont annoy them, its very easy in this game to get a bit greedy we all do it, but I take it there is a good profit after over 23 years living in the house. A bird in the hand and all that, and who knows how long you will have to wait for another offer, let alone one that is for more money.