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Getting weary with buyers and EA.
Comments
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Looking at the estimate again, it doesn't even state the address of the property, never mind the condition of the existing windows.
Think I will stretch this one out and play them at their own game.
Amazing how these types of people turn you into something you never wanted to be.
Just relieved I don't live in the house and have children or a job move to worry about.0 -
My suspicion about all of this is that they can't actually afford your house. They are trying to get you to meet their budget. They really shouldn't have made an offer in the first place. The lies about being ready are probably to give them more time to raise the extra cash. It looks to me as if they have found another £2k from somewhere but are still £3k short so have come up with a windows excuse.
This sale is unlikely to go to completion so there probably isn't any point in continuing with it.0 -
They did not have the deposit , their stretching it out and pushing for reduction to meet their finances. So if your market is stagnet and in no hurry to sell it up to you whether to assist them or not? The amount of reductions is large on a 100K house but on not knowing the house price it might not be to big.My suspicion about all of this is that they can't actually afford your house. They are trying to get you to meet their budget. They really shouldn't have made an offer in the first place. The lies about being ready are probably to give them more time to raise the extra cash. It looks to me as if they have found another £2k from somewhere but are still £3k short so have come up with a windows excuse.
This sale is unlikely to go to completion so there probably isn't any point in continuing with it.0 -
They did not have the deposit , their stretching it out and pushing for reduction to meet their finances. So if your market is stagnet and in no hurry to sell it up to you whether to assist them or not? The amount of reductions is large on a 100K house but on not knowing the house price it might not be to big.
The house has 'sold' for nearly £250k.
Yes, the further reduction is not huge but it is being sold as a Probate property and not all beneficiaries are in agreement with a further reduction.
I'm loathed to cancel the sale as the Council Tax will kick in in 2 months at a cost of c.£150 per month (with 25% reduction), plus the fact that this type of property isn't normally selling very quickly around here.
My solicitor's advice is to sit it out, take time to respond, and not capitulate. As she says, they have already paid out over £5k in fees and for removal of a covenant. There property has 'sold' for £50k less than this one, so I can see there would be a shortfall unless they have remortgaged or similar.0 -
Out of curiosity - which local authority is offering a 25% reduction on an unoccupied property ?I'm loathed to cancel the sale as the Council Tax will kick in in 2 months at a cost of c.£150 per month (with 25% reduction), plus the fact that this type of property isn't normally selling very quickly around here.I no longer work in Council Tax Recovery but instead work as a specialist Council Tax paralegal assisting landlords and Council Tax payers with council tax disputes and valuation tribunals. My views are my own reading of the law and you should always check with the local authority in question.0 -
Out of curiosity - which local authority is offering a 25% reduction on an unoccupied property ?
I'd rather not say.
However I always thought it was a 50% reduction for the first 6 months, followed by full payment after this time.
They say it will be 150% after 2 years of being unoccupied!
Councils do vary.0 -
I'd rather not say.
However I always thought it was a 50% reduction for the first 6 months, followed by full payment after this time.
They say it will be 150% after 2 years of being unoccupied!
Councils do vary.
If it's in England then very few councils offer more than 10-15% at best as a discount for an unoccupied property now, most offer a 0% discount, it's worth checking so you don't get a nasty surprise.
The 50% premium is on a property that is both unoccupied and substantially unfurnished - the powers planned for April 18 will allow the premium to be increased to 100%, so doubling the council tax charge for any local authority who chooses to max out the increase.I no longer work in Council Tax Recovery but instead work as a specialist Council Tax paralegal assisting landlords and Council Tax payers with council tax disputes and valuation tribunals. My views are my own reading of the law and you should always check with the local authority in question.0 -
I am going to make a suggestion. You don't have to like it. Give the buyers a time limit. Then take the house off the market and put it into an auction. You won't necessarily get less for it in an auction and it should be sold sooner and with no more messing about.0
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If it's in England then very few councils offer more than 10-15% at best as a discount for an unoccupied property now, most offer a 0% discount, it's worth checking so you don't get a nasty surprise.
The 50% premium is on a property that is both unoccupied and substantially unfurnished - the powers planned for April 18 will allow the premium to be increased to 100%, so doubling the council tax charge for any local authority who chooses to max out the increase.
Like this one maybe.....
https://www.theguardian.com/society/2018/feb/02/tory-run-council-runs-out-of-money-to-meet-obligations
Property and BTL is a sitting target (literally) as more and more councils hit the skids.0
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