Borrowing on card to increase offer on house

TonyDebs

Hi all

We have crossposted this question.

We have beennegotiating on a house that has been on the market for the last 2 years.

The house isperfect for us, they want £225000 -£230000 as the agents have told us (we havedone research of the local area and last similar house to sell, sold for £210000last year) we have sold ours for £215000, we have no mortgage., but no savingsas my wife lost her job and I was reduced to part time, but been commuting towork (100 miles), now full time.

We have been communicating with sellers agent, negotiating a fair price and we reached £223,the agent told us that this has been rejected as they need more money toproceed with their purchase.

I know it’s only a few grand now, but do you think we should re offer the same offer or increase our offer to £225000 and borrow the money on a credit card???



Looking forward to your replies.

God this is stressful…..



Tony &Debs

Fruit_and_Nut_Case

Sounds like brinksmanship on the part of your vendor. Why not suggest that they borrow on their CC to help with their purchase? What's sauce for the goose is sauce for the gander.

P.S. Sorry for the delay in replying but I had to find a magnifying glass to read your post.

jonesMUFCforever

If the house has been on the market for 2 years - scare the pants off them by withdrawing your offer - walk away for a couple of weeks then come back again with a lower offer.
IMO they would be mad to refuse you just as much as you would be to borrow on a credit card to finance the extra.

DVardysShadow

Crossposted:

https://forums.moneysavingexpert.com/discussion/3945177 [0957]
https://forums.moneysavingexpert.com/discussion/3945181 [0959]
https://forums.moneysavingexpert.com/discussion/3945183 [1003]

TonyDebs, it is bad manners to crosspost without at least saying that you have done so. People spend time giving answers. It is galling to spend time giving an answer and then find essentially the same answer has been give half an hour earlier.

TonyDebs

Sorry for cross posting, but we weren't sure if anyone would reply and where to actually post the question. Sorry. It was not our intention to upset anyone.