Tired of house hunting

babyblade41

Locornwall wrote: »

Haha. That’s why I posted in this forum, to get open, honest advice.

I didn’t need a surveyor’s report on the first one. I was told by two people the owner had been told it needed underpinning and there were large cracks close to the foundation. He was then seem filling in the cracks with concrete and covering that up.

Oooh me thinks this is another of them windy up thingy's

markin

Its entirely possible its worth 400k if they are the only ones to put money on the table, EA1 may have said it was worth £405, And EA2 said £420, And EA3 said £440.


And Zoopla said.. £660K ..or £220K

Davesnave

Locornwall wrote: »

I didn’t need a surveyor’s report on the first one. I was told by two people the owner had been told it needed underpinning and there were large cracks close to the foundation. He was then seem filling in the cracks with concrete and covering that up.

babyblade41 wrote: »

Oooh me thinks this is another of them windy up thingy's

I don't think it is. OP maybe did due diligence and spoke to neighbours, like you should.

Where they might have gone wrong is not using the info, because... "Since we pulled out the price has been lowered significantly."

If the house needed underpinning, then at the right price, it could have been fine. Most house foundations are basic, straightforward things to repair. It just costs money.

This is assuming the OP wants a house to live in, not an 'investment,' and as it's taking a long time, that what they're looking for is difficult to find at their price point. What I wanted was nigh on impossible too, so I bought a pug-ugly place that needed work and fixed it.

You don't get 'owt fer nowt' in this world, so if you box yourself in, start thinking outside the box.

[Deleted User]

Locornwall wrote: »

Yes, as the title suggests, I’m getting tired of the cat and mouse game that is house buying.

We have found a nice house we both really like. It’s up for £440k. The sellers are older and one of them is losing their sight, therefore they wish to sell this one. I’m in the process of selling my home, so will become cash ready within the next 6 weeks. My thought process is that they would probably take money off the house, given the current situation seems to be it’s a buyers market. Therefore, they may go down to £420k for a normal chained buyer. Given I’m a cash buyer, do you think I’m being offensive to offer £400k? I get I can make an offer as I like, however I don’t want to get into the game of up and down offers.

Its only turned into a game because you're treating it like one.

If you made me that offer then I would tell you to go swivel.

If you don't want it to be a game then stop trying to get a house for a bargain and start making reasonable offers.

lookstraightahead

Sometimes buyers think that sellers are trying to put extra money In their pockets as well. After all, IMO most valuations are based on what the seller wants so that the agent wins the business in the first place. Loads of houses are being down valued at the moment. An offer of less than 10% below the asking price is very reasonable. Of course the seller can say no and stay put, just live the buyer can walk away.

I'm finding that not having a property to sell (we went into rented) is a major card for us in negotiation at the moment. There are so many houses on the market I'm of the mindset to just walk away if necessary - probably be the only time in our lives to be in this fortunate position of no baggage/nothing to sell.

It's all a game but prices are really inflated to the point that it's laughable. I'm not even looking at houses that say OIEO.

Just my opinion I know but that's my approach when buying. Whether people want me as a buyer or not is their prerogative.

lookstraightahead

Deleted_User wrote: »

Its only turned into a game because you're treating it like one.

If you made me that offer then I would tell you to go swivel.

If you don't want it to be a game then stop trying to get a house for a bargain and start making reasonable offers.

What makes you assume that the valuation is reasonable in the first place? The offer is within 10% of the asking price - maybe the vendor is being greedy? Playing games?

shinytop

I'm finding that not having a property to sell (we went into rented) is a major card for us in negotiation at the moment. There are so many houses on the market I'm of the mindset to just walk away if necessary - probably be the only time in our lives to be in this fortunate position of no baggage/nothing to sell.

On balance, as a seller I'd probably prefer a cash buyer. But a cash buyer can walk away more easily so might be more likely to mess me around. Someone in a chain who really wants to sell their house and really needs somewhere to move to might be less likely to do this..

getmore4less

Locornwall wrote: »

Seriously it’s actually had nothing to do with the price. We had two other homes we put offers in, accepted first time, however both had issues, one with subsidence, the other with trees causing issues close to the house.

We shall see.

How did you miss the trees when viewing?

Grenage

Locornwall wrote: »

Yes, as the title suggests, I’m getting tired of the cat and mouse game that is house buying.

We have found a nice house we both really like. It’s up for £440k. The sellers are older and one of them is losing their sight, therefore they wish to sell this one. I’m in the process of selling my home, so will become cash ready within the next 6 weeks. My thought process is that they would probably take money off the house, given the current situation seems to be it’s a buyers market. Therefore, they may go down to £420k for a normal chained buyer. Given I’m a cash buyer, do you think I’m being offensive to offer £400k? I get I can make an offer as I like, however I don’t want to get into the game of up and down offers.

I'm on the other side of the fence to the majority. Figure out a fair price that you're happy with, and offer less. Maybe they'll take it and you'll save some money; maybe they won't and you'd offer what you considered a fair price.


No sense lobbing money at people.

lookstraightahead

Grenage wrote: »

I'm on the other side of the fence to the majority. Figure out a fair price that you're happy with, and offer less. Maybe they'll take it and you'll save some money; maybe they won't and you'd offer what you considered a fair price.


No sense lobbing money at people.

Exactly this. I can't see a down side other than a seller warning that they won't take them seriously, which is no big deal and slightly shooting themselves in the foot. "What? You won't pay my over inflated asking price?":cool: