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BYRON

Member

Registered: 1st Jun 04
User status: Offline

13th Feb 07 at 20:12

an ideal flat has taken my attention, and as the flat is in a new development the home builder has given me the sellers contact information.

Flat is new and un-lived in, and the only information I know is that she worked for the home builder and it was bought with the intention of her mother living there. Her mum has gone into care, so the flat has remained empty.

What sort of questions should I be asking the seller?

Im a FTB so can move quickly and tie the deal up ASAP, but clearly need to ask the right questions and build a loose relationship with them.

Any experience or advice?

Essentially, I want to make a low offer and build up until we meet at a figure were both happy with.

Cosmo

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Registered: 29th Mar 01
Location: Im the real one!
User status: Offline

13th Feb 07 at 20:17

is it on the market with anyone? or is she selling privately?

BYRON

Member

Registered: 1st Jun 04
User status: Offline

13th Feb 07 at 20:20

private sale i think, although the home builder has door keys to show people around.

[Edited on 13-02-2007 by BYRON]

Cosmo

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Registered: 29th Mar 01
Location: Im the real one!
User status: Offline

13th Feb 07 at 21:13

I would just contact her and see how she wants to do it. She will probably work a price out directly with you (basically just cutting out the estate agent) then you'll both have your own lawyers who will take care of the majority of the rest.

BYRON

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Registered: 1st Jun 04
User status: Offline

13th Feb 07 at 22:01

cheers

Colin

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Registered: 4th Apr 02
User status: Offline

13th Feb 07 at 23:20

Mother my arse

The house builder employee will have bought it on the plans with the intention to make a few quid selling it once its built. Seen it happen 100's of times when I worked in the business!!

As for what to offer, go one one of those sites that tells you what similar properties in your street went for & base your offer on that!!

BYRON

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Registered: 1st Jun 04
User status: Offline

14th Feb 07 at 08:36

Yeh, im now thinking it was bought off plans to make some money on....lol..

might call the seller tonight.

mav

Member

Registered: 19th Jun 01
Location: Scotland
User status: Offline

14th Feb 07 at 11:52

I sold my last house privatly not estate agents....Gave all viewers lawyers name and number and they forwarded any offers onto the lawyer..

saved me about 2K in fees...

BlueCorsa

Member

Registered: 14th Jan 04
Location: Midlands Drives: MB SLK250 CDI
User status: Offline

14th Feb 07 at 19:51

TBH if they're still building there and you can buy from the developer then offer that price minus 10%.

BYRON

Member

Registered: 1st Jun 04
User status: Offline

16th Feb 07 at 12:36

finished site now, home builder is just trying to shift the remaning plots.

Jill

Premium Member

Registered: 8th Jun 01
Location: Aylesbury, BUCKS
User status: Offline

16th Feb 07 at 12:47

quote:
Originally posted by Colin
As for what to offer, go one one of those sites that tells you what similar properties in your street went for & base your offer on that!!

http://www.mouseprice.com

http://www.ourproperty.co.uk

JILL

BYRON

Member

Registered: 1st Jun 04
User status: Offline

20th Feb 07 at 21:57

had an initial offer of £130k refused.
Making the seller stew, then make a re-offer late tomorrow or thursday...

Cosmo

Member

Registered: 29th Mar 01
Location: Im the real one!
User status: Offline

20th Feb 07 at 21:58

what did she want?

BYRON

Member

Registered: 1st Jun 04
User status: Offline

20th Feb 07 at 22:05

quote:
Originally posted by Cosmo
what did she want?

she has called again to say she has dropped from £142950 to £138950

Im going back in at £132k....

Pics:

Jambo

Member

Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline

20th Feb 07 at 23:09

looks good mate

Jill

Premium Member

Registered: 8th Jun 01
Location: Aylesbury, BUCKS
User status: Offline

21st Feb 07 at 15:34

quote:
Originally posted by BYRON

Does the guy with the stripey jumper come with the house too

Seriously... I hope she accepts your offer btw

quote:
Originally posted by BYRON
What sort of questions should I be asking the seller?

*Who owns the roof (obv if its a flat you need to know this)?
*Freehold or leasehold?
*If leasehold how many years left on the lease?
*And how much is the ground rent per month etc and what does that include?

JILL

[Edited on 21-02-2007 by Jill]

corb

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Registered: 24th Apr 02
Location: Calgary, Alberta, Canada
User status: Offline

21st Feb 07 at 16:57

bastards, i just used one of those sites you linked jill. place i was trying to buy last year and was told i was out-bid on, sold for the same price as what i offered.