cash in shares?

freda11

My daughter is buying her first house, offer has been accepted on a repossession no survey done yet, the company have now said they have a higher offer (over asking price), my daughter has now gone higher but she will need an extra £1k. I have some shares I will gladly cash in, the value of them at present is £1400 and I have just looked on iii investor and to trade them in I would get £1100 as of now. Would I be silly to cash them in at a low value? Also I am not sure what happens when you trade in, would I get a cheque for the £1100 from iii investor?

dunstonh

Would I be silly to cash them in at a low value?

Are they low or high or realistic?

They are valued now based on what people are willing to pay for them. Just like a house price. The fact you think they are low valued indicates you think they are going to grow. So, its really a personal opinion as to what you think and not something we can really comment on.

Also, what if the other potential buyer comes back after your daughter puts her offer up and trumps that? How far are you and her willing to go in this game of poker?

Also I am not sure what happens when you trade in, would I get a cheque for the £1100 from iii investor?

I dont know if you get a cheque or bank transfer. iii will be able to answer that though.

freda11

Thanks, the Estate Agent have said that the property is between my daughter and 1 other person and have asked them to put their last and final offer in an envelope, they will then take the best offer/position of the purchaser and will take no further offers once the decision has been made. I always thought that anyone would put an offer in upto exchange on repossessions. My daughter is a FTB and the other person is an investor who will obviously rent the property out. So unfair first time buyers stand no chance.

gadgetmind

freda11 wrote: »

the value of them at present is £1400 and I have just looked on iii investor and to trade them in I would get £1100 as of now.

Trade them in? You mean sell them?

If so, where is the other £300 going? Either the value is £1400 or £1100, how can it be both?

Anyway, if you sell in a dealing account, the money usually remains in the account until you buy something else or withdraw the money. Withdrawals are done online and direct to bank account on the three platforms I use, but I don't use iii.

Linton

freda11 wrote: »

My daughter is buying her first house, offer has been accepted on a repossession no survey done yet, the company have now said they have a higher offer (over asking price), my daughter has now gone higher but she will need an extra £1k. I have some shares I will gladly cash in, the value of them at present is £1400 and I have just looked on iii investor and to trade them in I would get £1100 as of now. Would I be silly to cash them in at a low value? Also I am not sure what happens when you trade in, would I get a cheque for the £1100 from iii investor?

If the price on iii is £1100 then that is what they are worth. Shares are always worth what the market will pay for them.

Are the shares held through iii or do you have them in certificate form? If they (you) are with iii you nominate a current account to be used for cash transactions when the iii account is setup. After you sell the shares the money remains in your iii account and you then have to withdraw the money to your current account.

If the shares are in a certificate form and you have no online share account it may be easier just to sell them through your bank - a bit more expensive but a lot less hassle then setting up an iii account just to sell £1K's worth of shares.

Biggles

If 'the value is £1400', why on earth does III say you 'would get £1100'?