Is this insulting?

epz_2

please remember divorce sales can get nasty and be a lot of hassle so i would have no qualms about lowballing them.

if they reject your offer dont just up it, take a couple of days and possibly ask to see a different house by the same ea, odds are there will be a bit of discussion between the two other parties and there lawyers.

also if the house didnt sell last year when the cost of borrowing was a lot less then odds are it is overpriced, could be one of the couple has set a high sales price cause they dont really want to sell, if thats the case walk away.

geordiepaul2001

If the owner used this site it would certainly make for an entertaining standoff lol.
Thanks for all the feedback, its certainly helping.
I am trying to figure out my budget, and I am factoring in mortgage repayments of £750 per month.
If interest rises then I will have to get a part time job alongside.

m00m00

geordiepaul2001 wrote: »

If the owner used this site it would certainly make for an entertaining standoff lol.
Thanks for all the feedback, its certainly helping.
I am trying to figure out my budget, and I am factoring in mortgage repayments of £750 per month.
If interest rises then I will have to get a part time job alongside.

in this case you really need to ensure you get a decent fix of about 5 years on your mortgage rate.

geordiepaul2001

I am not sure what mortgages I will be offered as I can only go through 4 lenders due to me buying through the open market homebuyer scheme (key worker).

With 4 lenders, I am not likely to get a competitive deal!

Gorgeous_George

If someone said "Insult him and I'll give you £5K", I'd say "Oi, big nose! You're ugly"



GG

geordiepaul2001

:rotfl:

I guess sometimes you have to be cruel to be kind (to yourself).

Were planning to be in this house for a good 15-20 years (until the kids grow up), so hopefully we aren't buying at the wrong time.

I just wish I understood how the bank of Englands interest rate worked

ds1980

pnq06 wrote: »

I say start lower and work your way upto £100,000- Remember that EA's always add extra on to get bigger profits.

I think she'd be pretty glad if she's desperate and been trying for 9 months

estate agent doesn't want a house on its books for 9 months more like 9 days. If 1% fees then they are set to make an extra 50-100 hear or there its cost them more than that in advertising it for 9 months. go in low and stick at that they'll bite your hand off i bet

BettiePage

geordiepaul2001 wrote: »

:rotfl:

I guess sometimes you have to be cruel to be kind (to yourself).

Were planning to be in this house for a good 15-20 years (until the kids grow up), so hopefully we aren't buying at the wrong time.

I just wish I understood how the bank of Englands interest rate worked

Just remember that the long term average is about 7%. The last few years have been historically low.

honeypop

They must be very keen to sell after 9 months on the market so I'd offer £90,000 although I'd be prepared to up it in increments to £100,000 if that's the most you want to offer.
They may take the lower offer seeing as you are in no chain, which would be better for them for a 'quick move' than taking an offer of £100,000 and the buyer being in a chain and potentially holding things up.

geordiepaul2001

ds1980 wrote: »

estate agent doesn't want a house on its books for 9 months more like 9 days. If 1% fees then they are set to make an extra 50-100 hear or there its cost them more than that in advertising it for 9 months. go in low and stick at that they'll bite your hand off i bet

Does this seem like an acceptable course of action once my mortgage is approved, which I hope it will be.
currently earn £22,000 - £25,000 and have at least an £8000 deposit.

I will place a bid for £90,000 and wait at least a week until I place another bid (if its declined).
Then place a bid for £92,950.
If this is declined I will view another property with the same EA at a price under £93,000.

Hope that makes sense.