Cavey
Member
Registered: 11th Nov 02
Location: Derby
User status: Offline
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Made an offer on a place, it's a repossession, and apparenlty they'd already had an offer of 123 accepted, but I was told I could still bid, so I did, at 125k
I've sorted out a mortgage, got them to send the agreement in principle and placed a bid which went in on Friday, we haven't heard anything from them since them, I have been to the estate agents and they say they've not heard anything and we'll know when they know.
How long should it realistically take for them to say yes or no. The place we're looking at is a bargain at 125, so want to get the process going quickly really (also don't want people bidding over us like we did...)
Getting a bit annoyed at not knowing either way whats happening
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John
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Registered: 30th Jun 03
User status: Offline
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If they told you what you had to bid over there's a good chance they'll suggest 130k to the next person that asks.
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Cavey
Member
Registered: 11th Nov 02
Location: Derby
User status: Offline
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That's what we thought, but just want to know whether that's the situation or not, it's the waiting and not knowing that's annoying us.
The agent asked if we could go higher if needed, I didn't answer that one.
£125k was the asking price, so we went in for that, tbh, we weren't asked to go higher, we just did.
There were 4 structuarally identical properties repo'd, this is the last, there's a nicer one next door, better carpet, better general decor, which went for £133k. One went for 109k which was completely stripped, no radiators, boiler, carpets etc...
Also, apparently the 123k bid was accepted, and put in the paper for a week to see if there was any more interest, we didn't think we'd get finance for it, so didn't bother, and i think it was 10 days or so after the 123 bid got accepted that we got interested
[Edited on 25-06-2009 by Cavey]
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Cavey
Member
Registered: 11th Nov 02
Location: Derby
User status: Offline
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Turns out the company that's selling it, the person who was dealing with the sale went on holiday, hence no reply about the offer.
So gonna go in on monday and bug the agents about it, see what's cracking off. In theory if the sellers haven't recieved my offer then they'll have been going ahead with the 123k off, which isn't good for us.
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_Allan_
Member
Registered: 24th Mar 04
User status: Offline
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Good Luck anyway 
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Cavey
Member
Registered: 11th Nov 02
Location: Derby
User status: Offline
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Hopefully we'll get something sorted next week, the annoying thing is i'm ready to go in with an ultimatum, we want it sorted by wednesday, otherwise we're out kinda thing, but at the same time the house is worth a lot more than it's currently going for, so don't want to miss out on it.
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