Offering on a reduced house?

ddwilson7725

If you discover many needed repairs after your home inspection, then it is usual to request that the seller make these repairs or you can ask for a credit at closing so that you will have some additional funding to make those repairs yourself.

Good luck to you!

Davesnave

ddwilson7725 wrote: »

If you discover many needed repairs after your home inspection, then it is usual to request that the seller make these repairs or you can ask for a credit at closing so that you will have some additional funding to make those repairs yourself.

Good luck to you!

Sounds like you live in Scotland. Nothing wrong with that, but we usually assume a post is from E&W unless the poster's location or post says otherwise.


We also don't recommend requesting the vendor undertake repairs, since they will have no incentive to choose a good contractor or ask for a thorough job.

markin

Without seeing the state of the place, it could be cheeky or a kick in the teeth. What they paid will be a hard line and what they need vs what they want will be another, At 120 they probably need it to move.

davidmcn

Davesnave wrote: »

Sounds like you live in Scotland.

No, it sounds like some foreign would-be spammer bumping up their post count with meaningless nonsense.

Davesnave

davidmcn wrote: »

No, it sounds like some foreign would-be spammer bumping up their post count with meaningless nonsense.

I think it was wrong of me to assume that gobbledegook meant they must be describing the Scottish system!


If it helps, my Mum was Scottish. Mind you, she wasn't known for her logical mind!

Marvel1

Never know unless you ask.

Offer what you feel it's worth.

Crashy_Time

NaughtiusMaximus wrote: »

Cheeky is an understatement, the phrase I would use is taking the p***.

If I was the vendor I would dismiss the offer out of hand and wouldn't bother with a counter offer, just as we did when someone came in with an offer of 25% below asking price on the property we sold in 2017.

Market is a lot weaker now, demanding this and that from EA`s about absolute minimum offers just guarantees a long long wait to sell now IMO.

NaughtiusMaximus

Crashy_Time wrote: »

Market is a lot weaker now, demanding this and that from EA`s about absolute minimum offers just guarantees a long long wait to sell now IMO.

I initially joined MSE in late 2016 when we first started thinking of moving house. Back then I recall virtually all your posts were in relation to a weak housing market, houses being overvalued and an imminent property price crash.

Despite all that we accepted an offer on our old house 1 week after it went on the market and both the property we sold and the one we bought have increased in value well above the rate of inflation (based on sales of similar properties in the same areas over the past 6 months).

Given your were clearly wrong in 2016, you'll have to forgive me if I don't put too much faith in your opinions of the housing market in 2019.

Crashy_Time

NaughtiusMaximus wrote: »

I initially joined MSE in late 2016 when we first started thinking of moving house. Back then I recall virtually all your posts were in relation to a weak housing market, houses being overvalued and an imminent property price crash.

Despite all that we accepted an offer on our old house 1 week after it went on the market and both the property we sold and the one we bought have increased in value well above the rate of inflation (based on sales of similar properties in the same areas over the past 6 months).

Given your were clearly wrong in 2016, you'll have to forgive me if I don't put too much faith in your opinions of the housing market in 2019.

None of that helps the seller who has been on the market for a year much though does it?

Davesnave

Crashy_Time wrote: »

None of that helps the seller who has been on the market for a year much though does it?

I thought people were advising the potential buyer, but hey, what do I know, I've only read the thread!