Cash purchase / stubborn estate agent?

Snipnoob86

Hi there, basically the house is a double plot, bungalow on an estate that has many semi detached houses on. The average price is 220k.

Snipnoob86

Won't let me post link

Zoopla: Sundial Road, SK2

It's the bungalow

BoGoF

This one?

https://www.zoopla.co.uk/for-sale/details/43457423?search_identifier=b424bfd6b6270df7767dbd1853ca09cc

Snipnoob86

That's it 👍

chappers

going right back to the start.
Don't take this the wrong way but I think you have been seduced by what you consider your ideal home.
First the £5k for fixtures and fittings, I very much doubt they will amount to that in value and she obviously has no real use for them or wouldn't consider leaving them, other than to profit. also are they what you want.
I would say to her that your not upping your offer and that she is free to take them or leave them as she pleases.

Feed in tariff- ask to see the statements for the revenue that it is generating. multiply that by the number of years remaining then deduct 20% for future maintenance and probably the same again to save her the inconvenience of removing them and reinstating the roof.

then wait and see if there are really any other serious offers on the table, you can always up your offer, doesn't sound as if she is the sort of person who is going to turn down a bunch of fivers waved under her nose.

As mentioned by someone else check she is in a position to move as fast as you require. She may end up manoeuvring herself into a chain, with you at the bottom.

The estate agent might be a bit of a problem but this one sounds like one where you're probably better off holding the vendor at arms length and doing everything via the agent.

gettingtheresometime

You can buy a lot of stuff for £160k

Snipnoob86

We did rather well in the property we have now, as it was a top to bottom renovation, the wife is after something a bit more finished. Were a growing familly of 3 kids 8/7 and 2, and another project isn't the right thing. But from your reaction to seeing the property I sense you might be understanding where I'm coming from with this.

It is a, no gain, dream house kind of purchase, there's not a penny to be made in that house for, 5 years at least, realisticly. Especially the area, the nieche the house has reletive to the area. It's something we were prepared to stump up for, untill today when we are given these stories about other *bidders*, not returning our call and setting out certain *bribe* tactics within their counter offer in the form of fittings / goods / etc.

It's frustrating because we just want to buy the house and feel like they're being either lazy or manipulative to claw at us and to me the isn't good etiquette you know.

MobileSaver

Snipnoob86 wrote: »

I did some research and am lead to believe the FIT rate can be leased, or sold on, in effect if I was to reject the FIT she could sell it to a 3rd party,

It's a lovely place and I can see why you're prepared to pay top dollar for the bungalow but I do think you're being ripped off with the solar panels.

What will the seller do if you don't pay for the FiT? Remove the panels and pay to make good the roof? I doubt it. Sell the FiT? Unlikely, what's to stop you disconnecting and removing them yourself post-sale if there's no benefit to you? Similarly if the FiT was sold then how do you feel about someone else having rights to your roof to maintain/repair/replace them? Sounds like a whole world of pain to me.

However, if you've already offered to pay £10k then probably too late but for what it's worth when I recently sold a property with panels/FiT they were just included with the sale as normal fixtures and fittings.

anselld

Snipnoob86 wrote: »

I did some research and am lead to believe the FIT rate can be leased, or sold on, in effect if I was to reject the FIT she could sell it to a 3rd party, as it is a much more attractive investment than say, a cash ISA. I am happy to buy the FIT anyway, for this reason. It has 19 years on it. If my information is incorrect, and she would have to remove the panels then, let me know with some concrete info because that is a serious bargaining tool on my part.

If she sells on the FIT she is creating a Rent-a-Roof scheme which devalues and makes the property much less attractive to buyers and more difficult to mortgage. It is not really a sensible option.

I agree the buyer is the problem, hence 3 previous failed agents. Clearly not motivated to sell. As soon as she gets the offer she asked for she wants more. I am betting at £475k she will still want more.

Find somewhere else.

Snipnoob86

Thankyou for the replies. Your are absolutely right, if a purchaser doesn't purchase the fit aswell, they are buying into leased roof space which is enough to to put me right off. After some under estimated calculations the fit is worth £28,500 over the next 19 years + free daytime electricity, so it is worth the 10k,

Had a bit of a crappy nights sleep, even threw up. So during the night I reflected on the Etiquette of the vendor and the estate agents and I've decided to do no more now. If the seller has 2 offers on the table, why arnet those offers materialising? She has my offer of 460 and I've stated I want the FIT for the price aswell or the house becomes unsaleable to me and as upsetting as this process has been I'm now prepared to look elsewhere and maybe go down the refurb / self build route again.