Lots of ranting today

[Diver]

Trying to buy a house as the prices are low.

House on the market 2 years, needs a lot of work. No real offers.

I put an offer in, they are thinking about it.

Someone else puts an offer in 20K over my offer

They had 2 years, why wait until I put my offer in

Sypathy

We nearly lost this place but the other people bailed as their lender wouldnt okay a mortgate at last minute because the house was almost derelict. It's horrible when it happens. this place was on the market for over a year without offers too.

[alreadypacked]

Sypathy

We nearly lost this place but the other people bailed as their lender wouldnt okay a mortgate at last minute because the house was almost derelict. It's horrible when it happens. this place was on the market for over a year without offers too.

The agent asked me to make a counter offer, I said NO!

He was put out because I offered 50K less than the asking price. He said "My client will not be happy", I said, Why who else has made them an offer?

Let's see if it really is sold.

Also the agent said he had another house around the same price would I be interested, I said NO, that house has also been on the market for 2 years no offers. What part of "You are over valuing houses" does he not understand."

[Diver]

The agent asked me to make a counter offer, I said NO!

He was put out because I offered 50K less than the asking price. He said "My client will not be happy", I said, Why who else has made them an offer?

Let's see if it really is sold.

Also the agent said he had another house around the same price would I be interested, I said NO, that house has also been on the market for 2 years no offers. What part of "You are over valuing houses" does he not understand."

I've spent about £30,000 doing this house up with about another £20,000 to go (Just materials as I do the work myself). I don't care what the market value is now (actually about £200,00) or when I've finished because I will not be selling. this was our last move and we will see out our days here, in a home we have built to suit our needs into old age.

[doomage]

The agent asked me to make a counter offer, I said NO!

Should have offered another 20k less.

[SimonMac]

Trying to buy a house as the prices are low.

House on the market 2 years, needs a lot of work. No real offers.

I put an offer in, they are thinking about it.

Someone else puts an offer in 20K over my offer

They had 2 years, why wait until I put my offer in

How do you know the other offer is real?

[sasguru]

Trying to buy a house as the prices are low.

:

Why are you buying in a crap area?

[Diver]

How do you know the other offer is real?

The estate agent came straight back to me 4 weeks after I'd been told that my bid hadn't been accepted, "the potential buyer had dropped out, did I want to make another offer?" I offered the same amount even though I think I could have shaved another 5 grand off it. We really wanted the house. Huge gardens, set back off the road, Loads of space for parking on the driveway and the verge outside which came with the house. Detached garage and big curved bay windows (for the wifes Xmas tree ).

Downside was it was neglected 1930's with coal fires in every room (even the bedrooms & Kitchen).
I gutted it, took the floors and ceilings out. took the walls back to brick, Roof off and rebuilt from the shell as we wanted it.

The couple who had dropped out, have since purchased a smaller property in the village.

Just the garden and outbuildings to finish now .

What I'm saying NAT is don't give up, say to the Estate agent that if the current buyer drops out, to give you a call. Remember, it's difficult to get a mortgage now, particularly if a property need renovating.

[EternalOptimist]

How do you know the other offer is real?

the first thought that entered my head also

[alreadypacked]

the first thought that entered my head also

I don't know it the other offer is real or if the people will have the cash to buy the house. That's why I said no to putting in a higher offer.

I offered what I thought the house was worth, if someone wants to pay more, that's up to them. I don't think the bank will lend it to them.

I am expecting the agent to ring me in a few weeks.

[suityou01]

I don't know it the other offer is real or if the people will have the cash to buy the house. That's why I said no to putting in a higher offer.

I offered what I thought the house was worth, if someone wants to pay more, that's up to them. I don't think the bank will lend it to them.

I am expecting the agent to ring me in a few weeks.

Conversation went like this :

Estate agent : Yeah I got you an offer on your house. It's 50 grand below the asking but in this financial climate yada yada yada. If you really want to move then you'll take it.
Client : Far cough.
Estate agent : Look I'll see what I can do ok?