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Buyers fighting to buy our house lol!!!
Comments
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To those who say 'price is too low' - the Home Report valuation forms the basis for the Buyer's lending - the report is given to their mortgage lender as the mortgage valuation.
Therefore, there's no value in pricing it above this (unless the house is particularly unique), since the only buyers who will be able to buy at this elevated price will be those who can put in more than the minimum deposit that their lender requires, and this will restrict the buyer base.0 -
Hi Googler,
Its a mid-terraced, 2 storey property in a coastal town. All houses that go up for sale in our street always sell quite quickly coz they're lovely houses.0 -
We've put a fixed price on the property which matches the home report so, as you say Googler, the price is definitely right.0
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I spoke to the estate agent yesterday and she's advised me that the first person to put in an offer with the funds in place will get it
Actually, that'll be your decision, not theirs. They receive an offer or offers, they're meant to take your instruction whether or not to accept....0 -
Well yes....that is the decision we have made to have a clean offer on the table with everything in place so that we know that there will be no future mortgage problems. We've already had 2 buyers prior to the house going on the market who said they wanted the house but have had no mortgage finalised and then it all fell through. This is why we want it all organised before an offer goes in. The first clean offer at the full fixed price will definitely be accepted and i'm 99.9% sure it will be one of the 2 current interested buyers.0
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If you are moving in November are you not dependent on selling this property?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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kingstreet wrote: »If you are moving in November are you not dependent on selling this property?
We are in the fortunate position that we have the deposit for our new house regardless of our sale going through in time or not. It would be great to have everything finalised before our move, but if not, its not the end of the world for us.0 -
Mandy you got me curious now! Can you post a link to your house?
Ta0 -
glasgowdan wrote: »Mandy you got me curious now! Can you post a link to your house?
Ta
I've sent u a private message with the link.0 -
The 1st buyer knew of the house going on the market a few weeks ago so has been setting up a mortgage but has been having to jump hurdle after hurdle with his mortgage company and still isn't at the stage where he can put in an offer and the 2nd buyers came to view last night and want to move as quick as possible because they know they have competition. There's a definite fight going on between them both.
Good Luck to you and hope it all goes well.
What I don't seem to understand is that the first buyer has been trying to arrange mortgage even before this property went up for sale. Don't he need to have an offer accepted before Lender's can proceed with his application.
Have you accepted offers from both parties ?Nothing is more damaging to the adventurous spirit within a man than a secure future. - Alex Supertramp0
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