Peteff
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| posted on 8/3/13 at 12:44 PM |
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If it's been up for a year they are definitely not desperate to sell. 20+ years ago when we bought our house there was no offering an amount and
then haggling, the seller put up a price and you either bought it or didn't and the system worked. It was before the property market went crazy
and you could still buy a house for a realistic amount. If the price is something you can afford, you don't need to worry about getting a
mortgage or whether you will be able to repay it if the interest rate starts to go up a couple of percent and you are getting the house to live in for
the foreseeable future not worrying about whether you will get your money back on it when you leave I can't see why you are looking to chip the
seller for a 5% reduction.
Edit to add "We have no chain and a pre arranged mortgage so we are also the perfect buyers." In my opinion the perfect buyer would come
and say, " Right, we'll take it when can we sign" It's probably a matter of pride or machismo to say you knocked them down by
X amount but if you want the house and they have it it is not a buyers market. 
[Edited on 8/3/13 by Peteff]
yours, Pete
I went into the RSPCA office the other day. It was so small you could hardly swing a cat in there.
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parkiboy
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| posted on 8/3/13 at 01:27 PM |
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quote:
Originally posted by Peteff
If it's been up for a year they are definitely not desperate to sell. 20+ years ago when we bought our house there was no offering an amount and
then haggling, the seller put up a price and you either bought it or didn't and the system worked. It was before the property market went crazy
and you could still buy a house for a realistic amount. If the price is something you can afford, you don't need to worry about getting a
mortgage or whether you will be able to repay it if the interest rate starts to go up a couple of percent and you are getting the house to live in for
the foreseeable future not worrying about whether you will get your money back on it when you leave I can't see why you are looking to chip the
seller for a 5% reduction.
Edit to add "We have no chain and a pre arranged mortgage so we are also the perfect buyers." In my opinion the perfect buyer would come
and say, " Right, we'll take it when can we sign" It's probably a matter of pride or machismo to say you knocked them down by
X amount but if you want the house and they have it it is not a buyers market.
[Edited on 8/3/13 by Peteff]
It's not about machoism, buying your first house is bloody expensive, old timers generally do not have a clue, back in the day alot of people
were getting 100% mortgages, you could pretty much sign up with no money and start making payments. I have to put down a 10% deposit pay 2k of fees
and furnish the place, your talking 20k by the time your done. These people have made 80k profit on this house, so 5k off something they never had is
nowt to them, they will still have a 75k headstart on there next purchase, it will make more of a difference to me. I'm not going to have that
benefit I highly doubt house prices are going to double like there's did in the last 10-12 years.
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ashg
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| posted on 8/3/13 at 02:35 PM |
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wait a week put the same offer in again. my house was up for 175k i got it for 145k
Anything With Tits or Wheels Will cost you MONEY!!
Haynes Roadster (Finished)
Exocet (Finished & Sold)
New Project (Started)
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parkiboy
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| posted on 8/3/13 at 03:20 PM |
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Settled it today at 143k with a guaranteed move in one month after everything thing is sorted. Surveys etc.
I'm over the moon to be honest and glad its all over with, don't want to do that again in a hurry.
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sdh2903
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| posted on 8/3/13 at 03:29 PM |
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Nice one, well done!
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steve m
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| posted on 8/3/13 at 03:32 PM |
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That was the easy bit dealing with the price and agreeing
Now and in a months time is the hard logistical bit of moving in and sorting the mess out ?
I have done so a couple of times, helping the kids move (out was the best one!!) and friends,
But every one does things differently, and chaos normally arrives at the worst time, and moving in the snow, or rain, is a real PITA
Steve
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femster87
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| posted on 8/3/13 at 03:43 PM |
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I bought my first house 9 months ago. Only thing I will say is, be a pain in the ass to your solicitor until everything is done. Ours dragged
everything out and kept saying searches were not back when she had not requested it. Almost lead to the seller pulling out.
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parkiboy
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| posted on 8/3/13 at 04:15 PM |
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I think we are having a crossover month to get everything sorted as the house we are renting was furnished so we have everything to buy! Gonna have a
week or 2 off work and get everything sorted so it should be relatively stress free hopefully!
We are just using the solicitor Halifax recommends we think as our lass workstation Halifax and according to her they are pretty quick but I will make
sure I keep on at them, thanks for the advice.
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