We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
rules on pricing houses
Comments
-
Find another one to buy.0
-
Is it not probable that a house on at 130 000 is likely to get no better than 125 000 because of stamp duty?0
-
Both the EA and the Vendor are trying to start a bidding war and this is common practice nowadays, where the property in question is unlikely to have many offers at the price the vendor actually wants.
The idea being that because the property is offered so low, there will be many offers. Once they have quite a few, it sometimes goes to a final offer by such & such date and time or else by a closed offer bid. Everyone interested in the property offers their final amount just before the end time. But that isn't a guarantee that if you are the highest bidder, you will get the property. You also need to be either a cash buyer (sellers love these), or else someone whith all their ducks in a row waiting i.e. mortgage all prepared, solicitor ready and waiting, able to move at a moment's notice. All these issues also get taken into account.
So, are you in the absolutely right-position to move asap, with all your ducks in a row.... have you informed the EA and the seller of this.... make known how strong a position you are in and they might well consider you to be the best person to buy their property.... & good luck
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards