LittleSteroid Posted April 14, 2011 Share Posted April 14, 2011 (edited) Hi. I've found repo that has been under offer for nearly two months now. What can take so long? Surely anyone buying repo is aware of fact that it has to be done quickly to reduce risk of price being bumped up. Or is it just another way of stopping potential buyers from making too low offers? link Edited April 14, 2011 by LittleSteroid Quote Link to comment Share on other sites More sharing options...
GloomMonger Posted April 14, 2011 Share Posted April 14, 2011 Hi. I've found repo that has been under offer for nearly two months now. What can take so long? Surely anyone buying repo is aware of fact that it has to be done quickly to reduce risk of price being bumped up. Or is it just another way of stopping potential buyers from making too low offers? I'm not clear what "Under Offer" means. Does it mean someone has made an offer and the seller is thinking about it or waiting for a better one to come along, or is it an agreement until surveys are done and the i's are dotted? Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted April 14, 2011 Share Posted April 14, 2011 Have you actually been in contact with the agent? Half the time theyre too lazy to update/remove old listings. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted April 14, 2011 Share Posted April 14, 2011 Pah. Amateurs this one is 9 Jan, three months and counting ... http://www.rightmove.co.uk/property-for-sale/property-28205278.html That sunless, overlooked 'courtyard' view just sums up slavebox living for me. Quote Link to comment Share on other sites More sharing options...
GordonBrownSpentMyFuture Posted April 14, 2011 Share Posted April 14, 2011 Pah. Amateurs this one is 9 Jan, three months and counting ... http://www.rightmove.co.uk/property-for-sale/property-28205278.html Nice looking prison. Quote Link to comment Share on other sites More sharing options...
mikthe20 Posted April 14, 2011 Share Posted April 14, 2011 (edited) Nice looking prison. It does look like a prison doesn't it - Colditz perhaps? I've found an aerial view via Google maps - from the sky that bit in the middle looks like this: Edited April 14, 2011 by mikthe20 Quote Link to comment Share on other sites More sharing options...
neil324 Posted April 14, 2011 Share Posted April 14, 2011 Normally if there it's a valuation problem then it falls through in 2-4 weeks. The other sticking point i'm seeing a lot of on repo's is when a house is leasehold, short lease etc. This takes longer to come to light and even then the freeholder is approached to see if they would sell it before the sale falls through, this takes time. I have been watching one repo in my area that went under notice November 20 and is still under offer, sticking point being the lease of only 23, but i assume the freeholder has agreed to sell his interest. Quote Link to comment Share on other sites More sharing options...
Ungeared Posted April 14, 2011 Share Posted April 14, 2011 Love the bath, reminds me of the old jukeboxes where you could see all the internal workings while the record played..... Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted April 14, 2011 Share Posted April 14, 2011 It does look like a prison doesn't it - Colditz perhaps? I've found an aerial view via Google maps - from the sky that bit in the middle looks like this: LOL i get it now. Just noticed the concrete flower bed/prison in the middle! Quote Link to comment Share on other sites More sharing options...
mikthe20 Posted April 15, 2011 Share Posted April 15, 2011 LOL i get it now. Just noticed the concrete flower bed/prison in the middle! That's the solitary confinement wing. Quote Link to comment Share on other sites More sharing options...
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