Had a cash offer, what to do next?

bina72

Thanks again to all of you. Isn't that other forum a lovely happy place? Wish I'd asked for their obvious superior knowledge first!

Apologies to the nation for causing the current housing crisis. Don't know what I was thinking - boy, is my Mum going to be mad!

jonewer

bigjoe wrote: »

:T I hate londoners too.

Eh-hex-cuse me!?

And where the hell are you from numnuts?

Doozergirl

bina72 wrote: »

Apologies to the nation for causing the current housing crisis. Don't know what I was thinking - boy, is my Mum going to be mad!

:rotfl: You can stay!

mr.broderick

dannyboycey wrote: »

I just came accross this!

Did this surprise you dannyboycey?

I suppose this forum doesn't have an agenda unlike the other one mentioned here. I must admit i come on here for a laugh I genuinely believe members of the other forum are desperately involved in something and will take any evidence available to compound their beliefs.
I do tend to feel sorry for people praying for a crash in hope of being able to buy a house, a high percentage of the population have been priced out.
When the crash comes if it does and the economy implodes i wonder if any of the prophets will come on here to say "I told you so!!". I for one won't. I'll probably lose my job as a car salesman as when a recession hits we suffer, not to worry.

jonewer

Debt_Free_Chick wrote: »

Agreed. It's just a more expensive car boot sale ....

Me: What do you want for that mirror?

You: £10

Me: Will you take a fiver for it (:rolleyes: )

You: I'll not settle on less than £7.50

Me: Done deal

So you see .... I was only "willing" to pay a fiver for it, but you (silver-tongued shyster you) talked me up to £7.50!!!

Now then .... who's the mug?

And, more importantly, who set the price???? :rotfl:

How much for the gourd?

regularsaver1

we had our cash offer turned down last week for £210k (£10k under asking price too)

but the sellers did stress that they had already reduced by £10k. now had offer accepted

smugbear2007

i would snatch their hand off....my opinion is not based on any facts whatsoever by the way...
but this is one thing i know, as i considered buying myself in the summer

i left my details with 5 local EA's back in March (b4 IR rises), heard nothing then in the past 3 weeks all 5 have rung me, 3 more than once, they got extremely excited when i told them i had a 15k deposit as a FTB....

but not so keen when i said i thought oblivion was around the corner and that i would want 20%discount off before i would consider buying anything.lol

to my surprise 2 of those have rung me since saying they had suitable properties that were up for negotiation AROUND that figure.

now why would EA's chase me up 7/8 months AFTER i first enquired if the housing market was buoyant? because its as buoyant as vanessa felts with concrete booties on.......

i wish you well with the sale, bank the wedge now my friend

also look at auction figures up and down the country for a good reflection of what houses are worth, not the spin figures published by so called experts

mr.broderick

Yeah keep the 15% deposit nice and safe smug, it'll be 35% after the crash and we are all gonna need that kind of deposit.Trust me.

Doozergirl

I'm thinking Vanessa Feltz would float quite nicely.

Romani_Ite_Domum

bina72 wrote: »

Hi All,
If anyone has any advice/ experience/ thoughts they'd be gratefully received!
I put my flat on the market in June for £125,000. It's empty as I have moved in with my partner. After many viewings but no offers (all feedback said it was lovely but too small) I reduced the price last week to £119,950. Today I've had a cash offer of £109,000. I've said no as it's too low too early.
What are the advantages of a cash offer?
Ta!

Minus 9% Offer after already dropping is low. I would go back and say you really wanted £115K but are willing to think about £112K to meet half way.
Minus 7% is not bad an offer in todays climate.

Cash offer often just means nothing to sell. A good thing not be in a chain.