Would you find this an insulting offer

Dollymix12

Bluebirdman_of_Alcathays wrote: »

Well, in that case, the new SDLT rules make a house that is in an investor heavy area worth significantly less now than it was a few months ago. The more that comes out here the more I think the mystery investor is getting it right!

Ok but its an odd view, that an offer of 16% less than the norm is right? there are plenty of properties close by up for sale for closer to his asking price if that's what he wants but they will need much more work doing to them. I just find it very odd that he would offer so much less for something that he isn't going to get for that price, listening to you it sounds like your view is I should just accept what ever wild offer is made and be happy with it.

I'm not trying to be unrealistic, but all of the evidence (and properties are sold regularly in my area) point to my house being in good state for the asking price. So with this being the fist offer its felt a little more personal than it should apologies for being human(most of the time :rotfl:)

always_sunny

Dollymix12 wrote: »

I would say that the house that has just been sold for 69k shouldn't have been able to get their mortgage either, I hardly think 3 weeks is slow?? I would say that its more down to the new stamp duty rules coming in as the area is more investor heavy

Stay put then - easy as - no need to feel insulted.
If 3 weeks, 1 offers makes you think it's hardly slow then you might be at the very early stages! Wait and see....it will be autumn in no time!

Dollymix12

always_sunny wrote: »

Stay put then - easy as - no need to feel insulted.
If 3 weeks, 1 offers makes you think it's hardly slow then you might be at the very early stages! Wait and see....it will be autumn in no time!

seriously how insulting are you, ridiculing me because I'm expecting a decent price for my property, I think we will just have to agree to leave it at that for your helpful advice today

Loanranger

Stop stressing. The investor is an a***. Just say no and don't even feel the need to justify it. If you do he will pounce and make yet another silly offer. He is looking for a mug. That is how he makes his living.

Loanranger

To add, many of the people on this forum will never have bought and sold property.

Nobbie1967

If you find low offers upsetting, why not just tell the EA not to forward offers under whatever price won't upset you? Sometimes people will accept 'silly' offers if it's a cash buyer and the alternative is a 'quick' sale company.

tara747

Dollymix12 wrote: »

Why oh dear? we have savings but need a house sale to ensure we have enough, what is oh dear about it?

It just sounds a little like you're depending on getting £x more than you'd paid for the house in order to have s deposit for the next one. Sorry if I've misunderstood.


Also, if it's an investor, he/she will have to pay 3% stamp duty. So that's £1,970 SD on a house purchased for £65,000. Investors are likely to reduce their offers by a corresponding amount.


Anyway, good luck and I hope you get an offer that is agreeable.

[Deleted User]

Dollymix12 wrote: »

seriously how insulting are you, ridiculing me because I'm expecting a decent price for my property, I think we will just have to agree to leave it at that for your helpful advice today

You may need to thicken that skin during this home selling process - it's a stressful, painful experience. One of the most stressful things in life.

People are going to try to screw you over. They'll try to trick you. They'll try to buy for as little as possible. When you come to buy, they'll be awkward. They'll be slow.

You think this is bad? Try getting gazumped!

moneyistooshorttomention

Some investors are like that.

Pretty recently I sold my starter house (a Victorian terrace) and was basically asking £175k for it and the investor offered £160k. Both the EA and I instantly decided that wasn't good enough and I rejected the offer. EA and I waited for them to offer more - and they never did.

Never mind - a different investor and a home-owner came along after that and had a bidding war between them - which the home-owner won and I got noticeably more than that.

I got told subsequently (from another source) that that particular investor was just going round the area and offering a stupid price and, if it got rejected, not bothering to come back and raise their offer and just moving on to the next in the hope that they were a mug ....

It was an insulting offer - but, personally speaking, I thought "More fool them" about that investor - as in "None so blind as those that cant 'read' the house well enough to see that owner aint daft". Every bit of evidence one could want was there as to what type of person owned the house - and yet they ignored the evidence of their own eyes and bid as if the house-owner was young/stupid/etc/etc. They got that one wrong then....LOL. So - I felt more amused at their naivety thinking they had a hope in hell of getting my house for that (having seen what I was like from my possessions/style/etc) - than upset at their effrontery at offering so little.

Dan-Dan

moneyistooshorttomention wrote: »

Every bit of evidence one could want was there as to what type of person owned the house - and yet they ignored the evidence of their own eyes and bid as if the house-owner was young/stupid/etc/etc. They got that one wrong then....LOL.

How on earth does this information necessarily correlate to a vendor who `aint no mug` ?