Weird goings on with my offer

williams55

Hi Folks
This is a weird one and i value all advise . After almost 3 yrs looking ive found the property i and my family would be very happy in . The property has the asking price of £185,950 . This property was agreed and the buyers were due to move about a month ago however the chain fell apart , hence its back on the market and im keen to get it . Ok my house currently has a offer on it which im happy but the estate agent for the property im after will not go SALE AGREED until my buyer has agreed there house and the buyer buying their house has agreed there house etc etc until i suppose we get back to either a 1st time buyer or a cash buyer . They will however accept the asking price of £185,950 if i can get my chain fully linked up . I really dont want to lose this house so i made a visit to the bank and they are willing to lend me the full £185,950 to purchase the house . Its going to cost me around £1200 a month interest only to pay this back ( this includes life insurance etc etc ) . Thing is that going to really hard for me to pay back . I there decieded that since the property is now empty ( owner took a bridge when the chain fell apart ) i put in a offer of £175K cash , no chain . This was declined with the ea saying that the owners wanted the full asking price . Ok then after 10 days i then decieded to go another up to £178k and asked my estate agent to do this on my behalf . The sellers ea stated to my ea that last week i offered £185k and the owner declined this ( not true i offered £175k) . Hence they have made a mistake with my 1st offer . I am however gobsmacked that the owners turned down a cash offer of £185k in favor of waiting on a chain getting linked up and then accepting £185,950 . They are paying a bridging loan and i cant get my head around the fact they wont accept £185K cash . ( that said im not offering £185k cash but the ea has made a mistake of offering this ) . However if say i was offering £185k do you think there something fishy going on here ??


Thanks in advance for your thoughts
Williams

jalowes2002

We are in a similar situation and have recieved a bridging loan, luckily not from a bank but from a family member. Originally our offer was accepted at £5000 under the asking price when it relied on our house sale and a chain.Like you we really wanted the house and didnt want to loose it. However as a cash buyer (the vendors wanted a quick sale as are moving to New Zealand), we negotiated a further £7000 off the asking price, a total of £13000. If they really want to sell their house their estate agent should encourage them to take a cash offer as less than the asking price. It seems to me they are probably trying it on because they know how keen on the house you are. What you have got to ask yourself is it really worth all that interest on a loan, which may go on for months if you dont then sell your house???

Good luck !

williams55

All righty then , things have changed for the better . Ive just had a serious retired couple cash offer . Grapped it and made my offer ... SALE AGREED ... Yip happy days the boat is moving . Now my only problem is the upset of my six year old , its breaking my heart :-( . This house moving is a real roller coster ride but my kid has great friends and it is really hurting him . I know im doing the right thing cause my current place is really starting to slip ( it was once a nice area ) . You know the story ,family is advising me its defo the right move . Have to be strong and sit it out with my kid , cant help though its breaking my heart to see him sad .
any advise welcomed ...
cheers
Williams

divadee

william i had the same problem with little miss divadee when we moved. And also I moved around a lot when I was a kid as well. It was horrible the thought of moving, I felt like my parents were so mean moving me away from my friends etc.... But I can honestly say that once I had moved and we were all settled in new school didnt ever look back!! It only took a few days and then we had made friends etc....


Same with little miss divadee she was upset for 2 days then made friends and stuff and she loved her new house, especially as she had a bigger bedroom that was all freshly decorated and a massive garden.

Your child will be fine just make a few allowances for the first couple of weeks as he/she settles in there are bound to be arguments and strops there little brains cant cope with all that stress. Anything else you want to know just ask

Doozergirl

Congratulationson getting your house!

I'm sure if you get the little one involved, take him to the house and let him pick his room and choose how he wants to decorate it the pain will be eased somewhat. Show him his new school, if he's going to one. They like it when they're involved and know what to expect, it makes it a lot easier for them to get excited.

Kids are really resilient and he'll make new friends in no time. We've moved a few times.

williams55

Thanks very much for the replys . Im working a few ideas at the min , sleepover partys for the first while with cousins and his chums . Good thing is hes staying at the same school although its 13 mile away my wife travels past it to her work so we think its best to keep him there . One new worry we have thought about is our 2nd child . Hes due to start nusery next year and it would be aweful if we cant get him into the same school as his brother . Most likely we are out of the catchment area for the school but hopefully with his brother in the school we may be able to get him in . One thought is give my mother in laws address to the school as shes lives only a few mins drive away .Has anyone else had problems like this one .
again thanks for your replys , it really helps
thanks
Williams

virgin_moneysaver

we didn't like the nearest primary school so put down my mothers address when we registered for the school that we wanted - our angle was , which by the way was legit & not a load of bunkum, mum was a contact on the listing as , if anything happened & myself or other half couldn't get to the school pronto & they used mum as the contact we needed a school within walking distance for her as she didn't drive - school didn't refuse - good luck