We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

PLEASE help me with how to pitch this offer!

2»

Comments

  • chappers
    chappers Posts: 2,988 Forumite
    CG77 wrote: »
    Thanks all. Happy to say I’ve now had an offer accepted so will wait and see what happens with the valuation! Eeeek!

    c'mon then spill the beans how much?
  • CG77
    CG77 Posts: 1,210 Forumite
    chappers wrote: »
    c'mon then spill the beans how much?

    :D £185,500. Started at £183k and negotiated. We’ll see what the valuation says!
    New Year, New Me!!!
    Weight loss mission 2012 has officially begun!!
    :jLoss so far: 3 stone 4lbs:j
  • chappers
    chappers Posts: 2,988 Forumite
    CG77 wrote: »
    :D £185,500. Started at £183k and negotiated. We’ll see what the valuation says!

    Good luck this time, undervalues are fairly rare.
    But there do seem to be a few jitters in the whole mortgage market at the moment, caused by uncertainty I think rather than outright fear of trouble
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    chappers wrote: »
    Good luck this time, undervalues are fairly rare.
    But there do seem to be a few jitters in the whole mortgage market at the moment, caused by uncertainty I think rather than outright fear of trouble


    Really? I would have thought they were becoming much more common?
  • konark
    konark Posts: 1,260 Forumite
    If the valuation comes back lower then, in the opinion of the valuer, the house isn't worth what you offered. The valuer is on your side, (OK the lender's side, but that also benefits you) and is stopping you from overpaying.

    You can then reduce your offer to what the valuer says is correct. If the seller refuses to lower the price, both they and their EA know that there is no guarantee that a subsequent valuation for another buyer will be higher.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    konark wrote: »
    If the valuation comes back lower then, in the opinion of the valuer, the house isn't worth what you offered. The valuer is on your side, (OK the lender's side, but that also benefits you) and is stopping you from overpaying.

    You can then reduce your offer to what the valuer says is correct. If the seller refuses to lower the price, both they and their EA know that there is no guarantee that a subsequent valuation for another buyer will be higher.


    Pity they didn`t do this about ten years ago, the country would be in much better shape.
  • westernpromise
    westernpromise Posts: 4,833 Forumite
    Crashy_Time wrote: »
    Pity they didn`t do this about ten years ago, the country would be in much better shape.

    Even ten years ago, Crashy, would have been eleven years too late for you - your fate was already sealed.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604.1K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture