Discount When Buying Off Dead People

theartfullodger

thequant wrote: »

..... So a lot of good can come out of the deceased passing.

Bloody 'ell quant, you've hit even lower depths than I thought possible.

Should be ashamed of yourself - oops!! Doesn't happen with trolls does it

gaz141

So a lot of good can come out of the deceased passing

Ask his family when he goes

AdrianC

jonewer wrote: »

Possibly. But if I was buying a house off a dead person, I'd really want to have the dead person removed first. Maybe as a clause in the contract or something.

"Vacant possession" carries a whole new meaning.

Poppie68

thequant wrote: »

The death was unexpected, a total house clearance was organised the next day, house on the market the day after, viewings the day after that.

House was on the market so quick, EA admitted he had no info re. property apart from the address and a set of keys that were dumped in his office.

Blimey all this and they only died a few days ago...
Day 1: So on the day the person dies the family put aside all shock and grief and go through the house for sentimental items, all paperwork pertaining to house,insurances etc. All legal stuff completed so family have been given permission to put house on the market.
Day 2: House clearance organised.
Day 3: Family just casualy walk into EA dump the keys with an address and tell them to sell then walk back out, no valuation or contract signed?
EA does'nt seem to have recieve any legal instructions to confirm the deceased property can be sold, but decides to start letting vendors view..
You all sound like a bunch of grave robbers.....

PasturesNew

I hope he's reading this .... and comes back to move in with you ... every dark and windy night.

MaxTheCat

thequant wrote: »

I've just viewed a property where the owner died a few days ago, the family already have the property on the market so it looks like they want to cash in as quickly a possible.

I'm FTB, mortgage application has already been underwritten and solicitors in place due to a previous purchase falling through. So have everything in place for a quick sale

What sort of discount should I be expecting from a deceased vendor who is looking to sell ASAP ?

There is not a set amount approach it as a standard purchase decide what you think it's worth and knock off a few percent and start negotiating. Obviously if someone wants it more they will get it but that's one of the many risks with house buying. Your duty to your family is to get the best price possible the vendors duty is to get the best they can. Hopefully your respective positions will allign and you get the house.

moneyistooshorttomention

thequant wrote: »

Thought this was a money saving website ?

Anyway, it looks like the vendors want to cash in ASAP, I wanna a cheap house. What's the problem ?

A good business deal is one that leaves both parties happy. So a lot of good can come out of the deceased passing.

You've just got to have said that "tongue in cheek"....er haven't you?:p

Sits back and waits to see if anyone suggests the name of a good medium to go in and find out the wishes of the deceased on this.....and whether the deceased was prone to using that phrase "Would you jump in my grave as quick?"

Gwhiz

The question I would like to know the answer to is; can dead people get a premium when selling to dumb people?

dzug1

BitterAndTwisted wrote: »

The executors have to apply for probate. This is not achieved in a matter of days. Meanwhile the family could have a really, really good idea of the property's worth and the rules say that they should not sell below that value. They have a legal responsibility to the beneficiaries to maximise the estate so you may not get the bargain-basement property you are hoping for.

But remember that there are costs in keeping the house on hoping for a better price - insurance, heating, utilities, security, etc. All those change the definition of maximising the estate.

And what the property is 'worth' is not an exact figure in any case.

Goldiegirl

greenface wrote: »

Nothing to say but thought this thread is going places . so bump .

Is that things that go bump in the night?