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Playing Hardball
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I suspect the offer will drop by another £2k to £5k close to exchange when you are committed.
Cynical? :eek:
Moi?
I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
kingstreet wrote: »I suspect the offer will drop by another £2k to £5k close to exchange when you are committed.
Cynical? :eek:
Moi?
Well...if you're cynical then so is my EA (ie as they told me to be wary of cashbuyers looking for an investment, as they have found them to be a bit prone to gazundering shortly before Exchange of Contracts).0 -
TexasChainstoreMascara wrote: »For the sake of a grand, isn't the buyer making life really awkward? I understand he's thinking of his yield, but wouldn't a grand be about £3.50???
For the sake of a grand, isn't the seller making life really awkward? I understand he's thinking of his debt, but wouldn't a grand be about £3.50???
Sorry, but this is a completely daft argument, as is what you can afford to sell for.No reliance should be placed on the above! Absolutely none, do you hear?0 -
moneyistooshorttomention wrote: »Well...if you're cynical then so is my EA (ie as they told me to be wary of cashbuyers looking for an investment, as they have found them to be a bit prone to gazundering shortly before Exchange of Contracts).
The point is, of course, that the cash buyer has not invested anything into the purchase (ie no mortgage application fees, etc), so can gazunder and walk away if it does not work.No reliance should be placed on the above! Absolutely none, do you hear?0
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