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Hattie Jakes

House With No Owner For Sale

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Hi,

I've been reading the advice on this forum since 2007 and have managed to be a 'renter' throughout but an opportunity to buy a 3 bed semi detatched in pleasant 'home' village has appeared. The house is in need of complete redecoration (about £15000-£25000) we reckon and is on the market for £150000. We think it would be worth about £180000 but I'm not an expert. Would it be rude to offer £130000? The owner has passed away and there is no family so ultimately the money is going to charity. I'm sure if we don't buy it someone will snap it up as it's in a great spot.

Any advice would be gratefully recieved

Thanks B)

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Hi,

I've been reading the advice on this forum since 2007 and have managed to be a 'renter' throughout but an opportunity to buy a 3 bed semi detatched in pleasant 'home' village has appeared. The house is in need of complete redecoration (about £15000-£25000) we reckon and is on the market for £150000. We think it would be worth about £180000 but I'm not an expert. Would it be rude to offer £130000? The owner has passed away and there is no family so ultimately the money is going to charity. I'm sure if we don't buy it someone will snap it up as it's in a great spot.

Any advice would be gratefully recieved

Thanks B)

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... and if I want to continue then its best and final offers by Friday.

Oh that old chestnut! I've done this a few times and never come away with a house - I just refuse to get carried away with unverifiable "information" from an EA.

I've decided what the house would be worth to me, and offered that. I've sometimes been amazed at how much higher the winning bid was. Even looked back on some a few months later to see the Land Registry figures. If someone's going to outbid you, they'll outbid you.

We're in the process of buying now. Kept it low and stuck to our guns. And are finally making progress with somewhere!

But it comes down to what it's worth to you - if 150k is good, then offer that. If you really don't fancy going above, say, 142k then offer that instead. You might be gutted at the time to loose out to a higher bid, but it's surprising how many other suitable properties become available over time.

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How do you know the money is going to charity and not the treasury?

It must be harder to deprive a charity of £20,000 than the treasury although it is arguable the treasury needs it more at the moment.

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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