Advice please FTB in Scotland

Polly05

I didn't use a solicitor to put offers in. I told estate agent my offer. They got back to me saying it was too low. I said ok. And waited. Then they phoned to tell me the price had been lowered. I said I would offer what i offered the last time. And it was accepted. then i got a lawyer to do the official stuff.

googler

Violetta wrote: »

From what I can make out where as in England you can increase an offer if it is rejected, it seems more difficult up here & whilst I don't want to miss out I also don't want to pay more than I have to it's an inbuilt MSE thing.

Why do you think it's more difficult to revise your offer?

Typical scenario;

Your solicitor submits £X offer in writing. This is rejected, verbally.

You and your solicitor talk, agree revised figure, and your solicitor, either verbally or in writing, submits offer for revised figure.

googler

Polly05 wrote: »

I didn't use a solicitor to put offers in. I told estate agent my offer. They got back to me saying it was too low. I said ok. And waited. Then they phoned to tell me the price had been lowered. I said I would offer what i offered the last time. And it was accepted. then i got a lawyer to do the official stuff.

Legally speaking, though, you hadn't made an offer, merely discussed what you would offer. You made the offer when your solicitor submitted it in writing.

Beckyy

HR value should take into account any work that needs doing and reflect this is the valuation. Therefore the current market value of the property before any work should be £100,000 as per the HR.

Did you use an Independant Financial Advisor for your mortgage or find it yourself?

You will need a solicitor for your coenvenyancing and for officially submitting your offer, try and find one by recommendation if you can.

You can make a verbal offer to the EA beforehand to see if the seller will accept that price, but you need to make it officially via. a solicitor.

Violetta_2

I have really misunderstood I thought if an offer was rejected that was it, you lost your chance.Think I was getting all confused with all the info I found especially the sealed bid's & closing dates, just been searching now & this page states you apply for a mortgage before you even submit an offer, that can't be right http://www.themovechannel.com/guides/Buying/Buying_in_Scotland/
we haven't been to a financial advisor, but my research suggest's that Nationwide are good, a friend who has just bought a house had an IFA & they ended up with Nationwide.
I really appreciate all the help & advice you are taking time to post. Thank you.

googler

The move channel page has advice on Brazil, Cyprus, and others. I see no reason to regard them as expert on Scotland.

Some of their content is out of date, some is plain wrong. I'm typing on a tablet - when I get to a PC, and can copy/paste easier, I may post the wrong bits and correct them.

googler

Violetta wrote: »

I have really misunderstood I thought if an offer was rejected that was it, you lost your chance.Think I was getting all confused with all the info I found especially the sealed bid's & closing dates.

if a sale goes to a closing date due to competing interest, a number of potential buyers make offers, and yours isn't the one accepted at closing, then, in most instances, you won't get a second chance. However, there's no obligation on the seller to declare a closing date. You could be the only one who offers.

Feel free to ask more.

Violetta_2

googler wrote: »

The move channel page has advice on Brazil, Cyprus, and others. I see no reason to regard them as expert on Scotland.

Some of their content is out of date, some is plain wrong. I'm typing on a tablet - when I get to a PC, and can copy/paste easier, I may post the wrong bits and correct them.

Yes I did think it was rubbish, can be difficult to work out what info is correct & what's wrong on t'internet but that was a bit obvious.

cheekyweegit

Waves to Violetta after a very long time no see to say if you buy that house you will practically be my neighbour, I'm only approximately 5 minutes away from you. Promise not to stalk, but happy to help with the unpacking if you need an extra pair of hands

The house you are thinking of commands a higher value as it's been extended into what we call the "lower loft space" for the bathroom to get the bath in the way it is (I like the way they have tiled into the eaves). You may find in the built in wardrobe in the big bedroom next to the eaves, that there is a small door to access it, some folks open this up totally into en suites, built in wardrobes or shelf and floor it for extra storage like me. You may actually find a water tank in their too depending on if they have a combi boiler or not.

The second down stairs reception room (furnished as a dining room) was in fact a bedroom as was I think the downstairs shower room originally.

Then the kitchen of course has been done and is a big difference to the original that would have been there. Only real let down about these houses are the kitchens, but the houses were build prior to all the fancy appliances of today.

Bad points, only the one and short of going up for a nosey, which I won't do as that's stepping over the boundary is that I think it has an open backs behind the back fence - a no man's land so to speak, although you do have a fence there you will get people usually teenagers in the good weather jumping the fence to play football in the backs or just taking short cuts for the hell of it.

It's worth asking your vendors if they have had any problems with this?

Quite a bit of work has been done on the house from the original 5 bedroom house it was, but price wise, I think you might be able to get it a little bit cheaper than it's advertised still.

The current owners purchased it for £87,000 in February 2008 if that helps with your offer, but I don't know if the garage was there then or not or any other alterations . I just know what the house would have been like prior to alterations i.e. when it was originally built.

Oh and it went onto the market on 16th May 2013 according to property bee but my instinct is saying it's been on a bit longer than that but I could be wrong and it may have just been another house in the area.

Oh and https://www.ourproperty.co.uk lists your neighbour at number 5 as last being sold on 1st June 2012 for £85,508.00 and number 1 being sold for £85,000 on 12th September 2011.

Long post but hope it helps, and if you need to ask me anything just shout.

googler

Violetta wrote: »

Yes I did think it was rubbish, can be difficult to work out what info is correct & what's wrong on t'internet but that was a bit obvious.

Scottish Law Society doesn't go into too much detail, but can be relied on to be correct...

http://www.lawscot.org.uk/forthepublic/buying--selling-a-property