I need to sabotage a bid.
Discussion
sagarich said:
smckeown said:
I was in a similar position 2 years ago,and won. The house was in an area that had family links. I wrote the vendor a 7 page letter outlining why the house meant so much to me, and proof of our reasonably good financial position (still needed mortgage) and a personal guarantee we would not pull out over any reasonable reason due to future issues with survey, it was in need of major renovation. We offered about £10k less than developer (who offered cash) and we won. Been upto my elbows in renovation ever since and me and the family are over the moon.
This sounds like a sensible and viable option.I would also wager that this method generally would have low odds of success against a cold, hard cash, higher offer.
That said, if you want to try this way, it costs virtually nothing and it can (above, as seen) sometimes work...
Just to lighten the thread, We would be leaving this, just renovated by us:
Untitled by baconrashers, on Flickr
Kitchen by baconrashers, on Flickr
Untitled by baconrashers, on Flickr
for this:
disaster house 2 by baconrashers, on Flickr
disaster house by baconrashers, on Flickr
I must have gone mad.
Untitled by baconrashers, on FlickrKitchen by baconrashers, on FlickrUntitled by baconrashers, on Flickrfor this:
disaster house 2 by baconrashers, on Flickrdisaster house by baconrashers, on FlickrI must have gone mad.
princeperch said:
just because I'm bored and nosy I had a look at the one you want to buy on rightmove.
that's a hell of a lot of house. from the back it looks enormous.
good luck
Yep. As I said, forever home.that's a hell of a lot of house. from the back it looks enormous.
good luck
Our own beautiful home is no rabbit hutch at 5 beds, 3.5 baths, 5 beds and 3 reception rooms. This house makes it feel like a starter home. I want it.
smckeown said:
I was in a similar position 2 years ago,and won. The house was in an area that had family links. I wrote the vendor a 7 page letter outlining why the house meant so much to me, and proof of our reasonably good financial position (still needed mortgage) and a personal guarantee we would not pull out over any reasonable reason due to future issues with survey, it was in need of major renovation. We offered about £10k less than developer (who offered cash) and we won. Been upto my ebows in renovation ever since and me and the family are over the moon.
For what its worth, I have also done this albeit at a much lower level.Probate sale, developer wanted it, but the agent apparently liked us and explained our situation to the vendors children in a sympathetic tone evidently. We got it for (apparently) £25k less than the developer (£225k vs £250k). No letter involved but sentiment is the same - we simply appealed to them as people rather than as people trying to make money.
Harry Flashman said:
Just to lighten the thread, We would be leaving this, just renovated by us:
I must have gone mad.
Yes but you can do all that again. I've sold on four in that sort of newly-renovated condition and as soon as you start boxing things up it stops being a home and reverts to being a house - and someone else's to boot. Plus you maximise your profit.I must have gone mad.
Get it sold and start a thread on the new one.
In detail.
Item 1 on my list is "avoid getting divorced by Lady F for dragging her through this all again".
Price looks good for its size, but this is not prime London, but a suburb that until recently was a bit dodgy. I know, I've lived here for 14 years. Yes, this house would be worth £4m in Clapham, but this is not Clapham, by a long, long shot. £1.4m is seemingly a good price, but it needs £200k spent on it and will require further work after that initial spend, and may in this market end up being worth less than that £1.7m total spend (when you factor in stamp duty). The gardens could easily eat another £30k if you start landscaping and in future years that Japanese Knotweed comes back.
It's a family home to us, not a short/mid-term profit...
Item 1 on my list is "avoid getting divorced by Lady F for dragging her through this all again".
Price looks good for its size, but this is not prime London, but a suburb that until recently was a bit dodgy. I know, I've lived here for 14 years. Yes, this house would be worth £4m in Clapham, but this is not Clapham, by a long, long shot. £1.4m is seemingly a good price, but it needs £200k spent on it and will require further work after that initial spend, and may in this market end up being worth less than that £1.7m total spend (when you factor in stamp duty). The gardens could easily eat another £30k if you start landscaping and in future years that Japanese Knotweed comes back.
It's a family home to us, not a short/mid-term profit...
Harry Flashman said:
In detail.
Item 1 on my list is "avoid getting divorced by Lady F for dragging her through this all again".
Price looks good for its size, but this is not prime London, but a suburb that until recently was a bit dodgy. I know, I've lived here for 14 years. Yes, this house would be worth £4m in Clapham, but this is not Clapham, by a long, long shot. £1.4m is seemingly a good price, but it needs £200k spent on it and will require further work after that initial spend, and may in this market end up being worth less than that £1.7m total spend (when you factor in stamp duty). The gardens could easily eat another £30k if you start landscaping and in future years that Japanese Knotweed comes back.
It's a family home to us, not a short/mid-term profit...
I think you are becoming emotional attached to a potential house buy. It is at the end of the day, just a house. I am sure there will be others, there have been for me and my wife when we thought we missed something. Good luck though.Item 1 on my list is "avoid getting divorced by Lady F for dragging her through this all again".
Price looks good for its size, but this is not prime London, but a suburb that until recently was a bit dodgy. I know, I've lived here for 14 years. Yes, this house would be worth £4m in Clapham, but this is not Clapham, by a long, long shot. £1.4m is seemingly a good price, but it needs £200k spent on it and will require further work after that initial spend, and may in this market end up being worth less than that £1.7m total spend (when you factor in stamp duty). The gardens could easily eat another £30k if you start landscaping and in future years that Japanese Knotweed comes back.
It's a family home to us, not a short/mid-term profit...
Harry Flashman said:
Actually, the problem is I'm emotionally attached to ours: it is the first house I bought with someone else.
And yes, you're right, to an extent. But it won't affect my bidding!
But it could make it more painful if you don't get it. And yes, you're right, to an extent. But it won't affect my bidding!
If you are not convinced that having spent £200k on it, it will necessarily be worth much more than you paid for it are you not better off paying £1.6-7m for one which is already done and saving yourself the risk/grief if you are not particularly interested in making a paper profit?
Harry Flashman said:
Just to lighten the thread, We would be leaving this, just renovated by us:
Untitled by baconrashers, on Flickr
Kitchen by baconrashers, on Flickr
Untitled by baconrashers, on Flickr
for this:
disaster house 2 by baconrashers, on Flickr
disaster house by baconrashers, on Flickr
I must have gone mad.
Where did you get the moose head thing on the wall? Mrs Shep' wants one!Untitled by baconrashers, on FlickrKitchen by baconrashers, on FlickrUntitled by baconrashers, on Flickrfor this:
disaster house 2 by baconrashers, on Flickrdisaster house by baconrashers, on FlickrI must have gone mad.
Harry Flashman said:
princeperch said:
just because I'm bored and nosy I had a look at the one you want to buy on rightmove.
that's a hell of a lot of house. from the back it looks enormous.
good luck
Yep. As I said, forever home.that's a hell of a lot of house. from the back it looks enormous.
good luck
Our own beautiful home is no rabbit hutch at 5 beds, 3.5 baths, 5 beds and 3 reception rooms. This house makes it feel like a starter home. I want it.
Also looking through the street view timeline, it appears the loft room and other stuff was done only recently as it had scaffolding and metal fencing around it for last year or so. Which appears unusual as why would an Old man do lots of work at that age, normally elderly just live as-is and have no need for downlight. Perhaps he took a sudden turn.
Huge house though and can see why you want it.
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