RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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Sellers are contimplating the offer; rejected our first offer but we did go in £20k under price
Waiting to hear back on second offer! I guess they'll reject but will offer a bit more on Friday if they do wooh - all moving fast now
Update:
Had offer accepted at £15k under asking price on Saturday - just got to organise everything now but no upward or downward chain so should move quite quickly 
[Edited on 22-03-2007 by LiVe LeE]
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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out of interest how much is the house
With the current market you would be lucky to get nearly 20k off an asking price
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John
Member
Registered: 30th Jun 03
User status: Offline
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People who bought my house put in a stupidly low asking price, so we waited till they offered more than if they had put a decent offer first time.
I know everybody wants a bargain which is fair enough but I hate all the time wasting with offers that you know will never get accepted.
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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I know but they want a quick sale and if you dont ask you dont get - plus a lot of estate agents are recommending sellers to sell before june 1st when the HIP gets bought in!
plus were the first people in 9 weeks to put an offer in and the executors of the will need to get rid - the 20k under was what the estate agent recommend we do!
[Edited on 05-03-2007 by LiVe LeE]
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C2RL R
Member
Registered: 28th Mar 02
Location: Redcliffe, QLD
User status: Offline
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i got an offer on mine last week that was 13k less than the asking price. i turned it down as it had only been on the market for 3 days. I can deffo understand them making the offer tho as they dont know my situation and i could have been desperate. they haven't come back with a better offer tho so i guess thats all they could afford.
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p4uls corsa
Member
Registered: 2nd May 05
Location: BRADFORD
User status: Offline
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quote:
Originally posted by LiVe LeE
I know but they want a quick sale and if you dont ask you dont get - plus a lot of estate agents are recommending sellers to sell before june 1st when the HIP gets bought in!
plus were the first people in 9 weeks to put an offer in and the executors of the will need to get rid - the 20k under was what the estate agent recommend we do!
[Edited on 05-03-2007 by LiVe LeE]
HIP
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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Home Information Pack (iirc) - basically it will become the sellers responsibility to provide all of the searches and surveys; higher costs to sell your house; but reduced cost to the buyer hence it being in the sellers interest to sell before 01/06
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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http://www.communities.gov.uk/index.asp?id=1150984
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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I thought the HIP idea had been scrapped for now? Or has it just been slimmed down a little?
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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From 1 June 2007 all home owners in England and Wales will need to arrange for a Home Information Pack to be prepared before putting their homes up for sale. The Packs will contain an Energy Performance Certificate, searches and legal documents, which will be mandatory. A Home Condition Report can also be included by sellers on a voluntary basis.
http://www.homeinformationpacks.gov.uk/
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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The required documents are:
An index (i.e. a list of the contents of the Pack)
A sale statement (summarising terms of sale)
Evidence of title
Standard searches (i.e. local authority enquiries and a drainage and water search)
An Energy Performance Certificate
Where appropriate, commonhold information (including a copy of the commonhold community statement)
Where appropriate, leasehold information (including a copy of the lease, information on service charges and insurance)
Where appropriate, a New Homes Warranty
Where appropriate, a report on a home that is not physically complete
A Home Condition Report*
The authorised documents include:
Guarantees and warranties
Other searches.
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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This will agian be put back as the market is not ready for it and there are not enough experts in the field to deliver this
Its like the carbon emission targets that were set for 2006. they were put back to 2009 as we do not have the expertise to deliver this
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Is HIP going to come into force in Scotland at any time soon???
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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quote:
Originally posted by whitter45
This will agian be put back as the market is not ready for it and there are not enough experts in the field to deliver this
Its like the carbon emission targets that were set for 2006. they were put back to 2009 as we do not have the expertise to deliver this
apparently all set to go and come into force on 01 June this year
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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bump for the update
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C2RL R
Member
Registered: 28th Mar 02
Location: Redcliffe, QLD
User status: Offline
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bet your glad you went so low with your first offer pal.
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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yeah; we could have gone in more sensible with the offer - but all the signs indicated that they wanted a fast sale so seemed the right thing to do given the circumstances!
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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how much mate in the end did you pay
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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£116,500; they wanted £131,000 but ceiling price on road is £185k
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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nice one mate
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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only issue is I think the house is the ugliest house I've ever seen 
However the next door neighbours have had he tiles removed from the front and rendered the house an off white colour, had a reclaimed brick porch built and it looks amazing; more country cottage style than 50's/60's semi. Having quotes for that at the minute
[Edited on 12-03-2007 by LiVe LeE]
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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more importantly no stamp duty to pay now saved yourself 1310 quid mate
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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slight update, survey, valuation and searches were all completed yesterday so am now waiting to hear back about them.
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