Another How Much to Offer Thread? (Sorry!)

martinbuckley

Let us know if the first greedy seller comes crawling back to you asking if you still want the place for £235K.

Gambler

martinbuckley wrote: »

Let us know if the first greedy seller comes crawling back to you asking if you still want the place for £235K.

Will do Martin. Is that Buckley, Flintshire?

Gambler

martinbuckley wrote: »

Let us know if the first greedy seller comes crawling back to you asking if you still want the place for £235K.

had a call off the estate agent today, said he would accept £238K !!

Tough nuts.

carpetbelly

haha he got a little 0wn3d

Gambler

Gambler wrote: »

If houses are priced correctly and people are not too greedy then they will sell. I've just paid asking price of £250K, the house was only on the market a week and didn't hit rightmove until yesterday. People were queing up to view and somebody else would have snapped it up this weekend.

I was devastated when the original vendor in this thread turned down our offer but now I would like to thank him. For an extra £13K we have just bought a fantastic spacious cottage which has been rennovated fully to a very high spec. It would have taken years and pots of cash for us to rennovate the other house. The shocking Ofsted report made our mind up for us in the end.

A few :beer: ones tonight me thinks, what a stressful few weeks this has been :eek:

OMG the survey has just come back with a valuation of £200K...........£50K less than what i have offered.................. :eek:

gordonstights

Gambler wrote: »

OMG the survey has just come back with a valuation of £200K...........£50K less than what i have offered.................. :eek:

Oh no!!! That's awful. Sorry

TDS_2

That's a massive reduction. What did you base your valuation on - how could you have been so wide of the mark?

Sounds like perfect grounds for a price reduction...

Good luck!

poppy10_2

Gambler wrote: »

OMG the survey has just come back with a valuation of £200K...........£50K less than what i have offered.................. :eek:

PWNED! :eek:

Withdraw your offer, quick. Offer £190k. Send a copy of the valuation to the vendor so he knows what is going on.

Any other potential buyers will do their own survey, and chances are their valuation will be even lower. The vendor doesn't want to be chasing the market down.

Don't throw away £50,000 of your own money. Gazunder, now!

Gambler

TDS wrote: »

That's a massive reduction. What did you base your valuation on - how could you have been so wide of the mark?

Sounds like perfect grounds for a price reduction...

Good luck!

Based my valuation on the other houses we had viewed in the same price bracket. The house was bought for £168K in Oct-06 and has been totally rennovated. Easily had £80K spent on it.

Stevie1

does the survey explain this under-valuations?
(how big is your deposit? 50%+?)

If not, I think it is reasonable to ask the surveyor to explain to you so that a) you know, and b) if you are planning to ask for a price reduction you have a firm argument to support your claim.

It all depends on how realistic and reasonable your seller is. I would suspect he will want to put his property back on ther market but should consider this recurring with other buyers...