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mikew

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Everything posted by mikew

  1. Thanks for your input. I am going to give a single offer of 320. I'm putting down 50%, and i'm simply not prepared to either mortgage higher or eat into my emergency funds any further than that.
  2. haha... i know everyone is already thinking it, but im going to go right ahead and say it anyway: That sounds like SCROTUM! Whadyaknow
  3. Lmao, a mere mention of a 400k asking price earlier was enough for you to spit your dummy out of the pram.. now you consider 400k account balance to be a fairly commonplace matter. Anyway back on topic.. so my question I guess is, for a cash buyer what would people consider is a reasonable discount to ask for, to avoid the risk of collapsing chains etc? I was thinking 5%. That would be on top of the 15% that I would by default offer below the asking price.. so a 20% down. Maybe 25% off. I know good properties are being snapped up, but thats likely to slow significantly over the next few months and also not forgetting the seller needs to sell. I guess I have to try it and see
  4. Scott, tremendous post - thanks very much. Yes the 400k is the asking price, and it sold in 12/2005 for 250k. It has had a large extension added since then. Its really difficult to value it. On the same street a similar house next door sold recently which was on at 399k, but I do not know what it was actually sold for (and that was a bigger house but not with a modern extension, whereas "my" house is a smaller original house with a bigger extension). In terms of the attacks, i'm not too bothered by it and perhaps my mention of "400k" was misunderstood and seen as bragging somehow (its the asking price, not my bank balance!). But in order to ask for advice on what to discount, it was important to reveal the asking price. A 800k house and a 200k house are likely going to achieve different discounts i'd imagine. I've never bought a house before, so am a little overwhelmed by the whole thing not to mention that I really believe that the next 12 months or so are going to be very tough indeed (economy wise). Thanks again.
  5. hee hee.. sorry about that. Not a nice image, but thankfully its probably so small as not to cause too much offense.
  6. Thanks for your reply. Exactly.. hmmm 15% eh. That would put the house slightly over my confort levels / max budget. I was thinking of starting 300k (25% down) but in reality, thats probably a F*** Off rather than a No Totally as a home. My investments are seperate. Not in the south east btw, south wales. I'm not sure it will take 6 months for prices to stall - I think we'll start seeing a reversal of the past few months in the next months figures, or so. 6 months we'll be in the depths of winter... ish Tell me about it. I've been a member for a long time and read a lot, but rarely post (too busy). I thought I would draw on the expertise for once, and get nothing but abuse from some angsty individuals. Lifes too short to worry though, and besides, this is only the internet Thanks for your insights and info. Yes properties are shifting in the area, but the seller is very keen to sell. Not desperate. I dont want to post a link just yet if I can help it. Nice place though, 4 bed detached and a good size plot in a decent area. I'm thinking that perhaps a 20% under asking as an initial offer would be a better strategic starting point, rather than 25% off. Will think about it.
  7. Wow are you still here? You've made a number of references to appendages, of varying degrees of gayness. Just saying. Its interesting that you have somehow equated this discussion with male genitalia. Not sure whether to be freaked out or feel sorry for you! Poor thing. Do keep it up though, you are quite entertaining.
  8. Thats what im worried about; but I think you are correct too. I really want the house and it won't be on the market in 6 months.. or maybe it will, it was 6 months ago but thats because it was taken off the market for 2 months, then put back on and went SSTC very quickly. That fell through, so they are with a different agent this time. hmmm decisions.
  9. There is a lot of IT work in certain sectors, mostly technical as far as I can tell. IT Security holding up very well, mostly due to regulatory requirements etc. As per the OP have been getting quite a few calls (though most of these are trying to fill the same jobs). All anecdotal, but good signs.
  10. Wow, seriously, did you think that up by yourself? I'm impressed. No, really, I am - thats amazing. I must remember that. I secretly suspect you saw that on another website and thought "i'll have that, its really clever", but if you won't reveal that, its up to you. Good work fella.
  11. lmao fair enough fella, no worries
  12. Troll? Listen fella i'm no troll I can assure you. If you choose to read something into my post that wasn't there, thats your lookout - lifes a bitch ain't it. Suggest you grow up or move along.
  13. Yep very true. Also I never said it was a cash purchase so not sure where that came from. "No Chain" means I dont need to sell something in order to finance this one. It doesn't mean i'm buying outright with cash. No Chain is an advantage because it means I am flexible on when I can move. I have been renting for the past 10 years and remain happy to do so for another six months or so, no worries.
  14. Thanks, thats what I was looking for. Yes its difficult isn't it - too low and the agent & vendor get pissed off and possibly wont show you any other houses, too high you risk saddling yourself with extra years of debt. This ones been on and off the market, over a period of about six months - bit complicated, but vendor has found somewhere and is very keen to sell, agent was very frank about that. Also cheers for clearing up about the other replies.. bunch of kids i expect so no worries.
  15. Wow steady on girlies, not sure where the hostility is coming from there is certainly no need for it. Was actually a serious question, do people offer 20% under etc, but I guess most of the users of this forum appear to be too young to even take out credit, judging by your reactions.
  16. What would the fora consider a good opening offer for a 400k property in these lean times? I've never purchased a property before (hence my asking advice), and whilst we could debate the whys and wherefores for a while, I consider this a property worth sticking my neck out for (actually i consider now a poor time to buy, but if I can get it for the right price, hey ho). Any thoughts welcome. Cheers PS I have no chain, financing in place and the seller is keen to sell.
  17. Agreed; thats why the only offers i'm going to be making are 25% below asking.
  18. im looking in north cardiff and its frustrating to say the least.. not a lot coming on the market and lots of crap been sitting for a long time with prices not lowering. Viewing a 5 bedder for 400k thinking of making a cheeky offer for 300 to see what happens.. think I know what will happen, but tbh thats all its worth. I can't see how the relatively poor local incomes support such high prices.
  19. Interesting.. the last country to try that was iraq wasn't it? around 2000 iirc
  20. Care to elborate on how you get 25k per year tax rebates? Sorry if im being thick! As for the thread.. My wife and I were not particularly looking to buy at the moment as we are in rented accom, but a really great place has come up for 400k and I know the vendor is keen to sell. As we have no chain and have financing in place, we are thinking of offering 300k. Does that sound really cheeky? Its been on the market a while, was SSTC for a couple of months but that seems to have fallen through. Its a great house and we'd live there for at least 10 years, maybe more. Not interested in a investment, just a home, etc etc. Its simply not worth more than 300k to us, so if we got it at that price great, if not, then happy to wait. Thats our approach anyway.
  21. huh? prices need to fall - not everyone needs a mortgage And mortgage costs have arguably gone up.. hsbc 1.99% costs £1199 arrangement fee..
  22. Yep, which wont be good for the market surely? I really need a house (baby), and everyones telling me its a good time to buy, but honestly, I can't see it. I think now is a awful time to buy so am trying to hold off.
  23. I have a 50% deposit and am looking to buy. I looked at the 1.99% deal, and frankly I think it is a poor deal IMO. £1199 arrangement fee (nonrefundable) is bad enough, but I would be extremely worried that HSBC can put their SVR rate up any time they like, and as already stated as interests claw back to "normal" (4-5%) this would not be such a attractive deal. I'd prefer fix for 5 years at 5.9% personally, but not keen on that either. EDIT: Not sure if I mean their SVR or their bank base rate, whatever.
  24. I posted the link, watch it on catchup. Its simple.
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