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Are investment buyers good?

2

Comments

  • LEJC
    LEJC Posts: 9,618 Forumite
    Daerve wrote: »

    An investor will think nothing of walking away or lowering their offer when it suits.

    Rather a sweeping statement....I've never done that as an investor
    frugal October...£41.82 of £40 food shopping spend for the 2 of us!

    2017 toiletries challenge 179 out 145 in ...£18.64 spend
  • Daerve
    Daerve Posts: 245 Forumite
    Fourth Anniversary PPI Party Pooper Uniform Washer Debt-free and Proud!
    LEJC wrote: »
    Rather a sweeping statement....I've never done that as an investor

    I accede it is a rather sweeping statement, my point is that an investor has little to nothing emotionally invested in a property.

    The whole transaction amounts to little more than numbers on a spreadsheet if you're buying as an investment. If you're buying to live there it means a hell of a lot more than that.
  • Thanks all, I suppose there isn't aclear cut answer and its down to luck! Ideal scenario is that the cash buyers tomorrow offer quickly. It's pretty stressful all this isnt it!
  • Daerve
    Daerve Posts: 245 Forumite
    Fourth Anniversary PPI Party Pooper Uniform Washer Debt-free and Proud!
    It's pretty stressful all this isnt it!

    Yes, it's awful. Good luck. :D
  • Daerve I was following your progress on the waiting for a buyer thread... Any luck yet?
  • Daerve
    Daerve Posts: 245 Forumite
    Fourth Anniversary PPI Party Pooper Uniform Washer Debt-free and Proud!
    Daerve I was following your progress on the waiting for a buyer thread... Any luck yet?

    Yes, we're in the later stages of buying/selling now. Will hopefully complete late August but still on tenter hooks until exchange. :(
  • Oh congrats!

    I remember how stressed I got as a FTB, mainly worrying about the mortgage being accepted. What I would do to not have to sell as well this time!

    Good luck
  • TBeckett100
    TBeckett100 Posts: 4,732 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Cashback Cashier
    Is is the Witney one?

    Your investment buyer will offer at most what the FTB has offered. If he does it for a living, he will know its 25k overpriced i'm afraid.
  • We've reduced our asking price by 10k and that's bringing it in line with less desirable areas so I'm confident we are actually marketed undervalue now. There's a house on our road with a less spacious layout, mid terrace, on for 2.5k under ours.

    If he offers less then it's a no brainer- we will go with the FTBs
  • TBeckett100
    TBeckett100 Posts: 4,732 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Cashback Cashier
    ahh, i missed the reduction in price. Seems to have pricked some ears up and increased viewings. If you are at 235k then, you should get 225k.
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