Offers in excess of

billybear1

Things like the insulation are easy enough but yes that is an excessive amount of work that needs doing. I take back that I said, that should be walked away from!

property.advert

I'd be wading in at £100k as well, stating I was chain free and ready to go right now.

ncrawley

billybear1 wrote: »

Things like the insulation are easy enough but yes that is an excessive amount of work that needs doing. I take back that I said, that should be walked away from!

I know that's what we thought, and as I said there is still a few more I missed off that list, the survey report said there were 7 problems in the 3 bracket i.e they are serious and need dealing with straight away and there were 10 bracket 2 problems which although weren't majorly urgent they did need doing, this just frazzled our brain and it just looks far too much to us, after all we are first time buyers as well so :eek:

We are just now in an awkward position because I have forwarded on the list of problems to the estate agent on Friday (so they haven;t had chance to show the vendors yet) and they are sending someone out on Wednesday to check the damp problem and the possible joist movement - we have 99.9% made up our mind that we are walking away, but I want to give the vendors a chance to give their view and for the people to check out the damp problem before we pull out but now I feel like we are stringing them along by not letting them know that we are 100% pulling out and not just 'having second thoughts'

We also have a viewing for the house I was talking about in this topic on Wednesday, so if we really like that we may have to wait to put in an offer, hmm it's a right mess lol!

@property.advert that's the 3rd to say £100k hmm I'm glad it won't be me doing the negotiations this time, as I have elected my other half to take over this time as she is more ruthless than I am so will show her all the replies here

billybear1

I have put an offer in before and had it knocked back for being ruthless, be prepared for it but remember that the ball is still in your court even if it does.

Please keep us posted on what the vendor of property one says, it may turn out okay if they cannot afford to lose you!

ender4

depends how long its been on the market, and how much you like it.

i agree with others, offer £102k first.

but they might already have an offer pending at £112k, which is why they have said over £112k. In which case they will reject your offer & take that one instead.

If its your perfect house and you are not willing to lose it, then for £10k extra over 25years (ie:£400 a year) are you willing to gamble losing the house? If not, then i'd start at £106k, and if they keep saying no, then you can come to £112k.

ncrawley

Its irrelevant now as the agent of the second property we were interested in has said an offer has been accepted and it is off the mareket, I mean the house has been on for at least a year and a half, and now we can actually afford it and were interested in it someone makes an offer, sods law arghhhh! Now we are in an annoying situation as there are no other houses on the market we like/can afford so we have to seriously consider if we can afford all the stuff on the house were in negotiations with

SG27

ncrawley wrote: »

Its irrelevant now as the agent of the second property we were interested in has said an offer has been accepted and it is off the mareket, I mean the house has been on for at least a year and a half, and now we can actually afford it and were interested in it someone makes an offer, sods law arghhhh! Now we are in an annoying situation as there are no other houses on the market we like/can afford so we have to seriously consider if we can afford all the stuff on the house were in negotiations with

Keep an eye on it anyway as a lot of sales are falling through and theres a fair chance it will be "unexpectedly re available" in a few weeks!!

johnboyinsole

Hi ncrawley
I was in a very similar position to you re the first property you mention. There's also an additional problem to add in that once the bank has done the valuation on the property, they may add a retention meaning you'll need to find extra money not only for the repairs they insist you make, but also for the extra money you will need to put down initially that the bank won't lend you (assuming you are taking out a mortgage?).
However use the seller's position to your advantage. Why don't you ask for the works to be done by the seller and then pay the original offer price? That way, you won't need to find the money to repair the house, and you won't be living on a building site! If the seller really does need to sell, it's worth a go. You can then say to EA that you still want the house but without the repairs being done, you can't afford to proceed so at least they know your position. That's what I did with the house I've just bought and they did the repairs on the retention so I didn't have to pay.

ncrawley

johnboyinsole wrote: »

Hi ncrawley
I was in a very similar position to you re the first property you mention. There's also an additional problem to add in that once the bank has done the valuation on the property, they may add a retention meaning you'll need to find extra money not only for the repairs they insist you make, but also for the extra money you will need to put down initially that the bank won't lend you (assuming you are taking out a mortgage?).
However use the seller's position to your advantage. Why don't you ask for the works to be done by the seller and then pay the original offer price? That way, you won't need to find the money to repair the house, and you won't be living on a building site! If the seller really does need to sell, it's worth a go. You can then say to EA that you still want the house but without the repairs being done, you can't afford to proceed so at least they know your position. That's what I did with the house I've just bought and they did the repairs on the retention so I didn't have to pay.

I think that's what we are going to do, I won't lie my other half has 100% decided we are pulling out, I am 50-50 and can see both viewpoints, we have been actively looking again and have a viewing on another property that's even cheaper than the house with the problems but its newly refurbished and looks pretty decent for the price so we are hoping that it won't have the same level of problems. We are yet to hear from the estate agent in regards to what is happening (we rang but the person dealing with it wasn't in) so we don't feel bad that we are looking elsewhere as it would just be wasted time!

ncrawley

Actually further to this and seeing as I have had good advise so far here the house we are now looking at is a 3 bedroom house, all good sizes, it has a brand new kitchen and all the rooms have been totally refurbished with new carpets and neutral colours etc the only downsides are the rear and front gardens which need a bit of work doing to them with new fencing etc but nothing major.

Now it is chain free and they are asking for £99,950 and it really does look like a good property, we have a proper viewing on Friday but we went round today and managed to look through the windows etc at it looks good to us (but again when we get a homebuyers report done again it could find problems but we can only pray there isn't anything major!)

So, acceptable offer to start with? (I don't like linking to a property as I get paranoid that someone from the area will see it and want it, is that stupid? lol so got a few pics below and the property details if it helps?)

http://imageshack.us/photo/my-images/814/77104576.jpg/
http://imageshack.us/photo/my-images/688/14132f.jpg/
http://imageshack.us/photo/my-images/685/17929913.jpg/
http://imageshack.us/photo/my-images/52/57844689.jpg/
http://imageshack.us/photo/my-images/688/82495683.jpg/
http://imageshack.us/photo/my-images/39/14132babbingtoncrescent.jpg/
http://imageshack.us/photo/my-images/718/11823365.jpg/
http://imageshack.us/photo/my-images/834/89230208.jpg/

Full Details

* Refurbished semi-detached house
* Three bedrooms
* Lounge/dining room
* Kitchen with a range of modern base and eye level units
* Integrated electric oven and hob
* First floor bathroom/Wc with white suite and separate shower
cubicle
* Utility room
* Entrance hall
* Combination gas central heating with condensing boiler
* UPVC sealed unit double glazing
* Lawned rear garden with outbuilding
* Lawned front garden
* Cul-de-sac location
* NO UPWARD CHAIN *


ACCOMMODATION
Opaque UPVC sealed unit double glazed door with canopy provides access to:
ENTRANCE HALL
Stairs with hand rail lead to the first floor accommodation. Telephone point. Panelled door provides access to:
LOUNGE/DINING ROOM 19’8 max x 11’6 max
UPVC sealed unit double glazed window overlooking the front elevation. Two radiators. Coving to the ceiling. TV and NTL point. Open access to:
KITCHEN 10’ x 9’7 max, 9’2 min
A range of modern base and eye level units with contrasting rolled edge laminate work surfaces. Stainless steel sink with one and a half bowls with drainer and chrome mixer tap. Ceramic tile splashbacks. Integrated Delonghi four ring electric hob and oven. Baxi condensing combination gas boiler housed within unit which serves the central heating system and supplies the instant domestic hot water. Provision and plumbing for washing machine. UPVC sealed unit double glazed window overlooking the rear elevation. Open access to:
UTILITY ROOM 9’5 x 6’4
Understairs storage cupboard. Further storage cupboard housing the consumer unit and gas meter. Rolled edge laminate work surface. Opaque UPVC sealed unit double glazed door provides access to the side of the property.
FIRST FLOOR LANDING
Access to the loft space. Panelled doors provide access to all three bedrooms and bathroom/Wc. Coving to the ceiling.

BEDROOM ONE 11’8 max x 11’
UPVC sealed unit double glazed window overlooking the front elevation. Panelled door provides access to a built-in storage cupboard. Radiator. Coving to the ceiling.
BEDROOM TWO 13’7 max x 8’5 max, 5’8 min
UPVC sealed unit double glazed window overlooking the rear elevation. Radiator. Coving to the ceiling.
BEDROOM THREE 10’11 x 6’4
UPVC sealed unit double glazed window overlooking the side elevation. Radiator. Coving to the ceiling.
BATHROOM 8’4 max x 7’6 max, 5’5 min
Comprising white panelled bath with chrome effect taps. Pedestal wash basin with ceramic tiled splashbacks. Low flush Wc with dual push button cistern. Separate shower cubicle with raised shower tray, full height ceramic tiling and wall mounted Triton shower. Radiator. Vinyl flooring. Opaque UPVC sealed unit double glazed window to the rear elevation.
OUTSIDE
GARDENS
The front garden is lawned with border and enclosed by hedging and timber fencing. The rear garden is lawned with slabbed area and enclosed by timber fencing. Outbuilding. Security light to the side of the property.




I realise it's difficult to give advise on a property when not knowing the area and all the factors that will affect price etc but there is no harm asking for peoples opinions