Second Viewing = Dropping Offer

DRP

IF the house has no heating, is it mortgageable?

csgohan4

You will develop a reputation soon or later if you keep changing your mind after an offer has been made.

You Will soon find out agents or vendors rejecting you as your name is passed around.

Make sure your first visit is the one you get most information and do your homework.

a few weeks after offer and you have not made any committment would pee any vendor/EA off.

MM64

Hi mimi1234

2 points of view here,

If I was your vendor I would agree with what most posters have said and be annoyed if you offered a lower price later in the process. Take your freinds have a second viewing and decide if this property is right for you and if so what you are defiantly prepared to pay for it.

If you still like it you have nothing to lose putting in a lower offer. If you change your mind walk away.

Life is a learning process, I was impulsive in my younger days and my mouth would rule my head. A house purchase is a major life changing investment so you are absolutely correct to listen to others with more experience than yourself.

Put the lower offer in or walk away. Wait for the fall out (who knows what way it will go). Learn from the experience and I'm sure you won't make the same impulsive mistake again.

Good luck.

pinkteapot

mimi1234 wrote: »

I will now only need a small mortgage as family and friends are lending me money.

You know that the mortgage company won't allow you to borrow money from other people to buy the house?

They can gift you money. They can't lend it to you.

If you tell the lender it's a gift and you're actually planning to repay it, you're committing mortgage fraud.

Speak to a mortgage broker to see if there's a mortgage lender that will accept other loans on the house, but I'm not aware of any that will.

kinger101

Ask Santa for this, or something similar.

http://www.amazon.co.uk/How-Your-First-Home-Sell/dp/0091935377/ref=pd_sim_14_1?ie=UTF8&dpID=51cHbC4tyjL&dpSrc=sims&preST=_AC_UL160_SR104%2C160_&refRID=0HYW5425N3JSGPKFEFNV

mimi1234

Hi all,

Thanks for your advice and constructive criticism. I phoned up and cancelled the second viewing and have also withdrawn. The agent was absolutely fine with it. No yelling or abuse as I was expecting.

I appreciate all the help and advice.

If I book a viewing again for a property, I will make sure it's not a double booking. I did take my list of questions to ask the vendor but it was so rushed I didn't know if I was coming or going.

And next time, no offers will be made until I have viewed it at least twice. If the agent tells me it will sell and I need to make an offer after the first viewing, I will say thanks but no thanks.

With regards to lending / gifting, family were gifting and a friend was lending me a bit but it's not happening and when I do see something again, I will not be borrowing off anyone.

Once again, thanks to all of you especially the folk that really explained everything in plain simple terms.

Mgman1965

csgohan4 wrote: »

You will develop a reputation soon or later if you keep changing your mind after an offer has been made.

You Will soon find out agents or vendors rejecting you as your name is passed around.

Make sure your first visit is the one you get most information and do your homework.

a few weeks after offer and you have not made any committment would pee any vendor/EA off.

Oh Fgs, don't be so dramatic, he/she is a ftb who made a mistake and is acting to put it right.

If you went to view a car, said you'd buy it, and then did some research and found it was an unreliable moneypit, would you buy it anyway in case the seller told his fellow dealers and you might be blacklisted from car dealers ???