Cash purchase / stubborn estate agent?

Surrey_EA

BoGoF wrote: »

This one?

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

http://www.rightmove.co.uk/property-for-sale/property-60693454.html

Unless I'm mistaken, it appears the same property is on the market with two different EAs, at two slightly different prices, one advertising it only on Zoopla, the other only on Rightmove.

batg

it last sold for £250k ten years ago, so now selling for almost double! http://www.rightmove.co.uk/house-prices/detailMatching.html/svr/3105;jsessionid=4F69B56FD3007AEDA930EE5C852DC54E?prop=47733231&sale=73856835&country=england

hazyjo

batg wrote: »

it last sold for £250k ten years ago, so now selling for almost double! http://www.rightmove.co.uk/house-prices/detailMatching.html/svr/3105;jsessionid=4F69B56FD3007AEDA930EE5C852DC54E?prop=47733231&sale=73856835&country=england

That's pretty common in affluent popular areas. Mine has more than doubled in 10 years, and it used to be a pretty good rule of thumb that a house price would double in 10 years.


(Obviously some won't have budged in 10 years.)

fairy_lights

I think you've got a serious case of beer goggles (Or the property equivalent).
It's nothing special is it? the 'fixtures and fittings' aren't anything fancy. Why are you even considering paying over the odds for it when you could but something much cheaper and do it up to your own tastes and still have change?
I realise you've said you want something easy and move in-ready but it doesn't sound like this is going to be it.

Out,_Vile_Jelly

Snipnoob86 wrote: »

has also counter offered if we pay the £465k she will leave sheds/light fittings / curtain poles / lawn mowers / green house / some shelves etc. Basically she is saying if we pay £460k we will walk in to an almost naked shell.

A naked shell means bare brick walls and a roof, not a regular empty house like the thousands that are bought and sold every month. Don't you have your own curtain poles and lawn mower? Do you really think the vendor will take the green house?

Snipnoob86

Thanks for all your further replies!

We haven't heard anything this morning, we made contact last, twice.

It's really hard to find a bungalow in south Manchester that hasn't been converted in the loft and still has a spacious 4 bedrooms. I suffered a life changing injury during my active service in Afghanistan some years ago and now I require a property of this exact type really to be able to continue to function as a father if I'm completely honest as our current house has stairs.

That aside, listening to your replies it's clear to me that we have made a rod for our own backs here, going in too eager, and setting ourselves up for the taking. Someone said above they wouldn't be surprised if she tried to gazump me late on aswell. Which is a scary thought!

cjmillsnun

You could walk away if she says she wants to lease the PV panels and the airspace either to herself or anyone else. You’re being taken for a ride.

AndyBSG

The seller is taking you for a ride.

I know when you see a property you think is perfect it's easy to keep the rose coloured glasses on but the simple fact is the property is not worth the asking price and the seller is trying to hold you to ransom on top of that.

You've got to ask yourself what happens a month or so down the line when you've paid out for surveys, solicitor fees, etc and the seller decides they want another 10K

Offer the original amount on the condition it includes the solar panels and basic fixtures and fittings and tell her she has 48 hours to accept and remove the house from the market or you'll walk away.

I doubt the 2 other offers exist in and are just being used as a bargaining tool.

In all honesty though, I would walk away regardless because I wouldn't go through the stress and aggravation of a house purchase with a seller like that...

Wanderingpomm

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.

It’s not just as easy as her leasing them to someone else. Your mortgage company will have an issue with it and you would still get the use of the electricity produced, so your still making something even if you did not get a cheque.

Scotbot

ComicGeek wrote: »

So what would she do if you didn't buy the PV FITs for £10k? Would she remove the panels and take them with her? She won't be able to transfer the higher FITs rate, only start a new installation at the current rate - they really aren't worth much to her.

It's not down to her the energy company will come up with a price and depending on the contract it could be a lot more than 10k for 19 years. I've seen estimates of 1.5 k per year which would be 28k. Check where the figure of 10k comes from.

Secondly the contract will have clauses around maintenance and repair and who pays for them. This will affect the valuation as mortgage lenders will not accept some of these clauses. This makes resale a problem. I suggest this could be why the house has not sold before

She needs to get a quote and contract from the energy company for transferring the panels to you and you . This contract needs to be reviewed for mortgage compliance by your lender or solicitor if you are a cash buyer.