First Time Buyer - Advice Needed!

lynzpower

You could put in the offer then wait for the surveyor to down value it. It will cost you the survey fee. The surveyor will do if its been on the market for that long!

em-1986_2

Im confused! sorry im a first time buyer what do you mean down value it?

Thanks

cookiemonster1972

em-1986 wrote: »

Hi All,

I am a first time buyer - I have seen an apartment that I like! Its been on the market nearly 2 years - went on at 112k the vendor wont accept lower 106k.

My best offer was 100k and was declined! I cant go any higher I found a 95% mortgage with 5k deposit for 100k.

Just wondering what to do now, does anyone know any good 95% mortgage deals with lower interest rates?

Any advice will be most appreciated!

Thanks

Well Em, I would hold on and keep saving. Who knows what the sellers are thinking, I wouldnt even try. You made a fair offer and it was rejected, they will probably regret it in time. Keep looking, this property just may not have been for you. Goodluck with whatever you decide.