Making an offer on viewing

Crashy_Time

mynameisclare wrote: »

Lining it £200 a month less than we were paying to rent an identical house in a worse area though (and more like £400 less than current rent levels).

Anyway, on topic, I don't really see the benefit in giving your offer to the owners rather than the agent? They're still going to want to think it over/talk amongst themselves so you're not likely to get an answer any quicker.

How do your sums work out when rates rise?

Crashy_Time

ScorpiondeRooftrouser wrote: »

Average house price in the UK July 2002: £114,214

Average house price in the UK July 2017: £226,185

This was a poor investment why, exactly?

Because you can`t control when you cash in the "investment" or how much you get for it.

toc25

We did it. The estate agents were closed at the time of the viewing, we wanted the house and didn't want to sit around waiting to find out so we just made them the offer and they happily accepted it. Suppose some people wouldn't like it but if you really want to I can't see why not.

HGW2012

When we viewed the house we are in the process of buying the Vendor told us the previous 2 offers she had were made during the viewing both under asking which she turned down on the spot.

I wasn't sure if she was doing this to get a idea if we would also make a offer there and then or to let us know there was no point in offering under asking!

I didn't feel comfortable making our offer there and then but did go home and made a offer which was accepted within the hour, although it was a Saturday and the EA was a online one so luckily still open.

What do you have to lose if you do put a offer in there and then, if anything you might reach a price you both agree on quicker and without waiting for the phone calls!

ReadingTim

Crashy_Time wrote: »

How do your sums work out when rates rise?

The same way as a landlord's sums work out when rates rise - which he then passes on to the tenant.

Crashy_Time

ReadingTim wrote: »

The same way as a landlord's sums work out when rates rise - which he then passes on to the tenant.

Two questions;


Do you have direct experience of this happening, and what happens when the landlord doesn`t have a mortgage?

ReadingTim

Crashy_Time wrote: »

Two questions;


Do you have direct experience of this happening, and what happens when the landlord doesn`t have a mortgage?

If you're looking to disprove an anecdote or two of mine with a counter-anecdote or two of your own, then I'd like to remind you, they're still just anecdotes. So too are your links to mumsnet, which you post in the absence of a coherent argument formed of your own words.

So, why wouldn't a landlord, who's in it to make money, consider taking advantage of what would be a well-publicised rise in rates and increasing rent? Do you really believe that they're all so altruistic, and the rental market so perfect in competition that some wouldn't?!?

wjr4

We made an offer via the estate agent a couple of hours after viewing. We had found our perfect property so did not want to lose the house! We tried to make a low offer but they said no, accepted at a price within our budget so we were all happy

glasgowdan

ScorpiondeRooftrouser wrote: »

I tried that when he was telling outright lies. The brilliant moderators warned me that if I was rude to him they would ban me. Lying to board users is apparently completely acceptable; calling someone a liar for doing it is "not being nice to fellow moneysavers" and the kind of thing that the moderators want to stamp out.

It's a shame. I see new posters coming on asking for advice and getting awful advice from some people. Board moderators should take action as this one person takes hundreds of posts off topic a year and literally adds nothing of any use or benefit to anyone else, plus adds many duplicate links to spurious articles that may or (more often) may not have a connection to the topic in question.

I know forums where any links to the Daily Fail result in an automatic ban!

jimbog

Crashy_Time wrote: »

Because you can`t control when you cash in the "investment"

Walk into an Estate Agent at any time tell them that you want to sell

Crashy_Time wrote: »

you can`t control ... how much you get for it.

You agree a price with a buyer