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ruffneck45

Yet Another Ftb Looking To Buy: Update

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Hi everybody at HPC,

Well here I am again, made a post about a month ago now about buying a 2 bed house in Dunstable. Well since then the estate agent has informed us there has been several offers on the house well above our offer of £100,000 upto 110,00 I am lead to believe, but they have stuck with us because we have done as we said we would ( sounds fishy already).

Any who, got a surveyer in last week just for piece of mind and was informed the house needed a whole new roof upto £8k repairs as ruff estimate, so naturally we pulled out and thought nothing more of it. Well get a phone call today from EA saying that the seller is offering to drop the price by 10k, this all sounds a bit fishy as surly they would be going with the mug offering 10k more?

So now what to do?

Cheers for listening

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Hi everybody at HPC,

Well here I am again, made a post about a month ago now about buying a 2 bed house in Dunstable. Well since then the estate agent has informed us there has been several offers on the house well above our offer of £100,000 upto 110,00 I am lead to believe, but they have stuck with us because we have done as we said we would ( sounds fishy already).

Any who, got a surveyer in last week just for piece of mind and was informed the house needed a whole new roof upto £8k repairs as ruff estimate, so naturally we pulled out and thought nothing more of it. Well get a phone call today from EA saying that the seller is offering to drop the price by 10k, this all sounds a bit fishy as surly they would be going with the mug offering 10k more?

So now what to do?

Cheers for listening

Clearly they don't have any other buyers or they wouldn't come back to you.

It depends how much you want to buy the house. Personally I think you'll get more for your money if you wait but there are other reasons you might have for buying now. Check what the house would have roughly been worth in 2001/2002 and don't offer more than that.

Tell them you are happy to walk away and let someone else pay more but if they really want you to buy it you will not pay more than £x.

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Guest anorthosite

Offer £90,000 and see if they come back after that. Then offer £80,000.

Remember, if you're not embarassed over how low your offer is, you're offering too much.

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Depending on your circumstances (how much deposit) you may find you cannot get a mortgage for it. That is some sizeable work that needs doing - if the mortgage company stick an 8K retainer on the property that is 8K off your deposit.

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Hi everybody at HPC,

Well here I am again, made a post about a month ago now about buying a 2 bed house in Dunstable. Well since then the estate agent has informed us there has been several offers on the house well above our offer of £100,000 upto 110,00 I am lead to believe, but they have stuck with us because we have done as we said we would ( sounds fishy already).

Any who, got a surveyer in last week just for piece of mind and was informed the house needed a whole new roof upto £8k repairs as ruff estimate, so naturally we pulled out and thought nothing more of it. Well get a phone call today from EA saying that the seller is offering to drop the price by 10k, this all sounds a bit fishy as surly they would be going with the mug offering 10k more?

So now what to do?

Cheers for listening

Offer a lower price.

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