R Lee
Member
Registered: 15th Aug 03
User status: Offline
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I've found a house which i like the look of.
It's currently on the market for £214,950.
I've already put an offer of £190,000 which i knew they'd refuse. Then put an offer in for £205,000 which they also turned down.
The estate agent told me that the lowest they're willing to go down to is £212,000.
What do you think i should do next?
Bear in mind that this was all yesterday.
Should i play the waiting game for a little bit longer, then stick another offer in? Say, £208,000?
Muchos help appreciated 
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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Id imagine they would accept £210k.
How long has it been on the market?
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R Lee
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Registered: 15th Aug 03
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Estate agents gave me a shit answer of "not very long".
They've already reduced the price, but again, i'm not entirely sure what they've reduced it from.
1 11/04/2007 £172,000
2 15/12/2006 £165,950
3 08/12/2006 £176,000
4 31/03/2006 £176,500
5 01/12/2005 £165,000
Its number 4. Thats how much they bought it for back in 2006.
I can see that they've done a fair few improvements ie. kitchen, flooring, etc.
But, i don't want to get ripped off.
Its a huge jump in market prices there.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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If they turned down £205k put an offer in for £203k with a note telling them the cash is waiting, and that it'll be £201k next week.
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C2RL R
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Registered: 28th Mar 02
Location: Redcliffe, QLD
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if someone did that to me i'd just tell them to fuck off then. saying that, you never know what their situation is so it might be worth a shot.
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mav
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Registered: 19th Jun 01
Location: Scotland
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you don't know their situation and they might be willing to wait to get what they want for the house...Out in 210k which is only 2k under what they said is the minimum they would accept...
Scotland is better as it's either fixed price or offers over, none of this going lower crap...
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Ecosse Sport
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Registered: 5th Jun 02
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quote:
Originally posted by mav
you don't know their situation and they might be willing to wait to get what they want for the house...Out in 210k which is only 2k under what they said is the minimum they would accept...
Scotland is better as it's either fixed price or offers over, none of this going lower crap...
Not when you're having to offer 100% over the asking price to get a place, thats whats happening in Aberdeen with some properties I've been interested in buying.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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House prices are already too high, banks in difficulty obtaining cash in order to lend, inflation still not on target - this is not a sellers market!
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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depends on the seller and their reason for the sale too though Ian.
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R Lee
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Registered: 15th Aug 03
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I'm going to put the £208,000 in now.
If they refuse, £210,000
NO MORE 
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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where abouts is it?
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R Lee
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Registered: 15th Aug 03
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Heysham Head.
About 200 yards away from the coast.
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R Lee
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Registered: 15th Aug 03
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I've put the offer in.
Awaiting call back...
They better fucking accept it, i want to spend the rest of my money on making this an absolute bachelor pad
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R Lee
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Registered: 15th Aug 03
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Ok, ok...
£208 refused 
£212 is what the seller wanted, down from £215.
He said he'll meet me half way, £210,000
Going to call back tomo 
Hopefully, i've just bought my first house, woo! 
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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When he takes it off the market, tell him you were lying about the extra 2 grand.
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John
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Registered: 30th Jun 03
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He might have held out for the extra from you because you put in such a stupid 1st offer, thats what happened with my mum and dads house.
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R Lee
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Registered: 15th Aug 03
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quote:
Originally posted by Ian
When he takes it off the market, tell him you were lying about the extra 2 grand.
quote:
Originally posted by John
He might have held out for the extra from you because you put in such a stupid 1st offer, thats what happened with my mum and dads house.
Maybe? I'll never know, and i don't want to know now. The 1st offer was a stab in the dark tbh.
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R Lee
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Registered: 15th Aug 03
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Came to a final agreement this afternoon...
209,000
But, its not over until survey and papers are signed etc.
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