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What we feared, happened. Buyer reduced agreed price.
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Seems buyers need interrogating on what they mean by "cash buyer" because in my book, if you need to sell, you aren't a cash buyer. They get all the money from sale of house (and perhaps savings etc) , others get it from sale of house and a mortgage. Hardly any difference, and neither are "cash buyers".
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Bibbitybobbitybop said:Yes, we are relieved!! Original price of ours was £270k, and our purchase was £475k.
You did really well to get less than 10% off.0 -
Don't want to be too cynical but do you actually know for sure that your buyer is selling a house, or is this just what they tell you?.
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Yes we do. The agents have all been working on this this week. We live in a smallish community. No one is very far from each other.0
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You did pretty well overall. Hope the rest goes smoothlyGather ye rosebuds while ye may2
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This is just the start...1
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Estate Agents, certainly where I live, use the 'cash buyers' term to describe someone who doesn't require a mortgage to buy your house; they do though still have to sell their own.AnotherJoe said:Seems buyers need interrogating on what they mean by "cash buyer" because in my book, if you need to sell, you aren't a cash buyer. They get all the money from sale of house (and perhaps savings etc) , others get it from sale of house and a mortgage. Hardly any difference, and neither are "cash buyers".
It's a nonsense isn't it .
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But, but, but you said house prices will be down 30-40%, how could you get it so wrong? It's almost like it is just wishful thinking on your part and you haven't really got a clue?graphs said:But, but, but house prices wont fall. Supply and demand etc etc
Every generation blames the one before...
Mike + The Mechanics - The Living Years4 -
We are at the very, very start of this crisis. Sit back and watch the graphs, I know which way they will be goingMobileSaver said:
But, but, but you said house prices will be down 30-40%, how could you get it so wrong? It's almost like it is just wishful thinking on your part and you haven't really got a clue?graphs said:But, but, but house prices wont fall. Supply and demand etc etc 0
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