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First offer made however........
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The first house I put an offer on the EA insisted on seeing the DIp and proof of deposit. I did, as I'd offered 15% below the asking price (of £70K) - it got rejected and although I did creep up to 5% below they insisted the Vendor would only accept £2K below. They knew what we could afford over the asking price, and probably thought we'd cave in - we ended up walking away. That's still on the market 6 months later.
It seems common practice, do repossession sales differ? Just at viewings of 4 houses been sold by asset companies all the EA's say you have to either have to show proof of balance for cash purchases or DIP for mortgage backed bids.0
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