What Would You Do?

tomstickland

Take the offer of £152K and get on with it. That's my opinion.

JonnyBravo

neverdespairgirl wrote: »

If those are the most recent prices, I'd take £152k and exchange ASAP before she comes to her senses!

Spot on.
Take the money and hope she doesn't come back in a few weeks saying she can't pay 152k anymore.

LindsayO

If you wait not only do you risk taking a bigger hit, you risk not being able to sell at all or for a very long time indeed, because uts not just house prices that are dropping, but number of sales also.

So the worst case scenario is that you are sitting in your one bed flat after you are married and the family is on its way

MrDT

Take the 152k.

Especially based on the recent sale prices, you probably won't get an offer that high again for a loooong time!!!

Is this empty bungalow rent free then? If so you are in a fantastic position! Sell the flat, bank the 152k, mooch in the bungalow for a good few months, buy the family home for much much less than what it'd cost you now

Good luck

Alan_M_2

Speckled_Egg wrote: »

I'm one of 12 flats in a block at the end of a cul de sac. All the flats are the same size/layout.

Last few ones to sell were:-
Dec 07 £160k
Nov 07 £155.5k
Jun 07 £155k

I was in the "Meet her halfway" camp until you posted this.

Take the £152K immediately.

I will add to this, make it clear you're accepting her low offer for a quick sale and completion is required to be with 30 days (or other short suitable period of time) and that no hanky panky or gazundering will be accepted, any of which will put an end to the sale immediately. Basically don't make it look like you're rolling over at the sight of a first offer.

FaTB

Alan M, that seems like very sound advice to me !

chrisandanne

Where's Speckled Egg...I want to know what happened !!!

I agree, after seeing the sold prices, take the offer, grudgingly...AND RUN.
Ax

Triker

Having just taken a £40,000 hit on my house sale, I'd advise take it and run, snatch their arm off, kiss them, take them to barbados, say you'll have their babies....:rotfl:

JUST GET IT SOLD ASAP.;)

A sale is a sale is a sale.

Speckled_Egg

Guys

I'm still here! Was a bit scared to post in case you all told me off! :rotfl:

Well, this is what happened...

My boss (who's a salesman and semi-property mogul) said offer to meet her in the middle. It wouldn't make me look desperate and, even if she said no, she may consider a slightly higher counter offer as if I then accepted that she would feel that she was getting a bargain (some sort of psychological sales technique apparently!).

I then spoke to Mr Property Mogul Extraordinaire and he said, take the £152k. The market is flat, blah, blah, blah.

Right, so what I did was ring the estate agent this morning to offer the flat in the middle at £158k. This will include my 1/6th of the freehold, carpets, curtains, curtain poles, Sony widescreen TV, sofa, fridge freezer and washing machine. I know that not all of this may not be to her taste but for a first time buyer it might be a help and push the £152k up. After reading all the posts on here I'm pretty resigned to the fact that I will get a lot less than I anticipated.

The estate agent rang me back, said she 'balked' :eek: at the offer (I know how she feels!) and said that she would come back tomorrow morning.

Must admit, although I would probably go down to £155K, I cannot get my head around the £152k. My gut feeling with that price is to take it off the market, move out, rent it, potentially remortgage it and use that capital to step up the ladder. My mortgage is around the £80k mark so I have a fair amount of equity to use.

Anyway, I know I will now get a torrent of abuse (ha ha!) but I am playing the same game 'if you don't ask you don't get'.

Next installment tomorrow....

PasturesNew

Your flat probably went down in value by another £1 just in the time it took you to type that out.