Putting an offer in on house....no buyer for ours!

dee86

geoffky wrote: »

You are jumping the gun...and wasting other peoples time...i would not let you view if i was selling..

It's a good job it's not your house I'm interested in then! We have viewed 5 houses, not one of which have objected to us viewing on the basis of not having our place under offer. The first one we viewed was before ours even went on the market. Call it wasting peoples time but that house has been a front runner for a long time until we saw this other one we are interested in, so they could have potentially got a sale out of us and there's has been on the market for over a year

dee86

tommie1shunt wrote: »

You might be able to do what we are doing, that is partially re mortgage our present home, then with some savings buy another house and sell our present property after we have moved. Financially it don,t make sense, but at least I wont have to put up with anyone viewing our house.

ooh tell me more! We are restricted as we have no savings (well that's a lie - but the ones we have are for our wedding in 6 months!)

motherofstudents

How do you know it is worth a lot more than the asking price of £154k ? I can't see why you would offer £165k in the present market. Once you have a buyer for yours, you will be in a much stronger negotiating position so as others have said, I would concentrate on selling. I hope you get it but there will be others if you don't.

Doozergirl

dee86 wrote: »

ooh tell me more! We are restricted as we have no savings (well that's a lie - but the ones we have are for our wedding in 6 months!)

You need to calm down! It's not a game. Owning two houses simply because you don't want to miss one is not a sensible idea for anyone, especially if you don't have proper savings as a financial buffer.

For two mortgages, you need enough euity in the one property to form the deposit for both properties. Then enough income to ualify for the large amount of borrowing. Then you need to service the debt on both for as long as it takes to sell. And you don't know what that selling price will eventually be.

It's just taken my friend eighteen months to sell her house. The price wasn't overinflated, two sales collapsed, she'd wait an age between viewings. We had to price our own development very aggressively against other to get it sold and we still had two sales collapse as well. It took the longest it's ever taken and we sold at 10% less than our lowest valuation - of which we had five! It is not the market to be collecting houses if you value your sanity.

dee86

Doozergirl wrote: »

You need to calm down! It's not a game. Owning two houses simply because you don't want to miss one is not a sensible idea for anyone, especially if you don't have proper savings as a financial buffer.

For two mortgages, you need enough euity in the one property to form the deposit for both properties. Then enough income to ualify for the large amount of borrowing. Then you need to service the debt on both for as long as it takes to sell. And you don't know what that selling price will eventually be.

It's just taken my friend eighteen months to sell her house. The price wasn't overinflated, two sales collapsed, she'd wait an age between viewings. We had to price our own development very aggressively against other to get it sold and we still had two sales collapse as well. It took the longest it's ever taken and we sold at 10% less than our lowest valuation - of which we had five! It is not the market to be collecting houses if you value your sanity.

Not exactly fair to say I'm treating it as a game, I have got my head screwed on we're just looking at all options. Thanks for the advice though

Catslovelycats

When I was trying to sell my house, I viewed a few properties. I wanted to see what was out there and what I really did/didn't want from a property so that I knew exactly what I wanted to look for when I had an offer. Ironically I ended up buying something not at all like anything I'd viewed (prop because it was above the maximum I had set myself) because a purchase fell through.

As a seller, I would never turn anyone down. Any viewer is a potential purchaser, in my book.

Jesswithwings

dee86 wrote: »

That's a shame. If they could find a buyer quick, you could technically save a few pounds by bypassing the EA and going straight to solicitors!

Unfortunately our EA would still take a commission on it because they are advertising it. Meh!!

vuvuzela

LaurenNHB wrote: »

We at Spammers will guarantee to make an offer to buy your property reguardless of its condition anywhere in the UK. We can help save broken down sales chains.

Please take your advertising elsewhere, and not this forum.

bargain_babe

I am quite glad I didn't look until I had accepted an offer on my house. House went up for sale in May, and I accepted 7 weeks ago. I was near to exchange of contracts and still hadn't found a new property to buy and was all set to move in with the in-laws when the sale fell through yesterday. Gutted to say the least but what can I do, the purchasers had surveys and everything carried out with no problems found, mortgage offer in place and I had only just believed i may have sold, when they informed me they had carried on looking and are buying somewhere else. Unfair, but could have been much worse, I could have been in a big chain and spent lots more money! So I wouldn't look until I have received an offer, but thats just me. Good luck with whatever you choose to do.