Bidding War

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Discussion

Harry Flashman

19,384 posts

243 months

Thursday 26th July 2018
quotequote all
Zonergem said:
So what happened?

I forked out for a surveyor to go in on Tuesday, in the name of due diligence and to allow me to make my bid not STS. There's so much work that it almost seems beside the point. Nothing wildly untoward, the roof maybe a little worse than I had bargained on.

I also went in to visit the surveyor on site and spent another hour in the house, digesting all the advice I'd been given and trying to picture the finished project. For the first time I was 'alone' in the rooms - no agent, no family, no architect or whatever. A "sense check", if you will.

And I couldn't do it. Too big, too stuffy in summer and terrifying heating bills in the winter. I thought we'd always feel we'd overpaid, that we'd slog our way through the work losing blood and treasure only to end up with something we hated.

So I emailed on Weds morning to withdraw from the process and rescind our previous offers.





And blow me if by 3 pm the agent wasn't on the phone telling me that the other cash buyers had seen the light and dropped out too, and did I want a bit more time to go back in lower?
Bloody hell.

Simpo Two

85,552 posts

266 months

Thursday 26th July 2018
quotequote all
Zonergem said:
And blow me if by 3 pm the agent wasn't on the phone telling me that the other cash buyers had seen the light and dropped out too, and did I want a bit more time to go back in lower?
Simpo Two said:
At times like this I wonder if the EA is telling the truth. You have to assume he is, but could he just be making it up to get more money for the vendor?
Ba-dum-tish. This is house buying, trust no-one.

Sunny in Dubai

74 posts

75 months

Thursday 26th July 2018
quotequote all
So big project! But will you submit the BAFO?

Waiting for next update.........

oblio

5,412 posts

228 months

Thursday 26th July 2018
quotequote all
Andehh said:


I'd go in with a slightly lower offer then your original now.... I think.
Or indeed a significantly lower offer if you can offset this against the things you didn't like about it!

smile

springfan62

837 posts

77 months

Thursday 26th July 2018
quotequote all
I would sit back and watch for a while. Take the time to do some homework on the costings.

If there are still no takers make a take it or leave it low offer, basically unconditional with an undertaking to exchange within 4 weeks.

That is assuming you are still interested.


Zonergem

Original Poster:

1,368 posts

93 months

Thursday 26th July 2018
quotequote all
^^^ = extremely sensible plan and pretty much what I plan to do.

Skyedriver

17,898 posts

283 months

Friday 27th July 2018
quotequote all
Hi
Have read this thread from beginning to end and there is/was much good advice, some of it contradictory, but I suspect, knowing you as I do that your head was firmly screwed on but your heart was trying to take control.

Buying houses, for the family not just yourself can be a very complex business and dealing with Estate Agents, Sellers, Developers both real and fictitious.
So you now know what you can really buy it for, not what the EA is trying to achieve.

But you don't now get the "feel" of the place, yes winter heating bills can be expensive in an old house and make no mistake, keeping to a renovation budget can be difficult, as me how I know. I've done a few although not on such a grand scale. It's when you get outside labour in that the price goes up and when you discover that C,D, & E need replacing not just A & B.

Check out the schools, take your family along to view, your wife may get a totally diffferent feel for the place than you. Second and third visits will either convince you that the pain is worth it or that you can find other, better places elsewhere.
But echoing PhilboSE and your own comments, it's better, in my opinion, to buy somewhere that needs work rather than accept someoneelses ideas and designs.

Oh and don't trust an Architect or their budget either....They do have a tendency of making every new design a showpiece for their own business with the Client picking up the additional cost. Know too many people who have had to rein in their Architect.

Right, I'm of now, have a full day planned here just no sure which job to get on with first, decorating, fencing, paving, stopping the polytunnel flying away..
The heating, kitchen, garage build are on hold.

Good Luck

Tony H


Zonergem

Original Poster:

1,368 posts

93 months

Friday 27th July 2018
quotequote all
Thanks Tony. I might have had to sell all 3 R129s to afford my maximum bid and we couldn't have that now, could we?

Sunny in Dubai

74 posts

75 months

Sunday 29th July 2018
quotequote all
waiting with baited breathe.......

Zonergem

Original Poster:

1,368 posts

93 months

Sunday 29th July 2018
quotequote all
Ummmm, did you miss the post where I decided it would be a foolish endeavour?

But for the sake of completeness here's the property:

http://www.rightmove.co.uk/s6p/74284409

and the comparable

https://www.onthemarket.com/details/1627165/

Skyedriver

17,898 posts

283 months

Sunday 29th July 2018
quotequote all
Too close to the centre
Traffic in and around York is busy
York floods
AND WHERE'S THE GARAGE?

PositronicRay

27,048 posts

184 months

Sunday 29th July 2018
quotequote all
Zonergem said:
Ummmm, did you miss the post where I decided it would be a foolish endeavour?

But for the sake of completeness here's the property:

http://www.rightmove.co.uk/s6p/74284409

and the comparable

https://www.onthemarket.com/details/1627165/
Not my kind of place, but could be wonderful when done. Is that a crapper in the hall?

Zonergem

Original Poster:

1,368 posts

93 months

Sunday 29th July 2018
quotequote all
Skyedriver said:
Too close to the centre
Traffic in and around York is busy
York floods
AND WHERE'S THE GARAGE?
Want to be central
Cycle in town or get the train
It's on top of the Mount (clue is in the name)
Carry on renting a heated storage space OR get rid of the cars

(I know, I'm not doing PH very well)

Zonergem

Original Poster:

1,368 posts

93 months

Sunday 29th July 2018
quotequote all
PositronicRay said:
Not my kind of place, but could be wonderful when done. Is that a crapper in the hall?
I'd not pay much attention to the existing floor plan.

Skyedriver

17,898 posts

283 months

Monday 30th July 2018
quotequote all
Zonergem said:
Skyedriver said:
Too close to the centre
Traffic in and around York is busy
York floods
AND WHERE'S THE GARAGE?
Want to be central
Cycle in town or get the train
It's on top of the Mount (clue is in the name)
Carry on renting a heated storage space OR get rid of the cars

(I know, I'm not doing PH very well)
Oh and as you get older, stairs can become a problem, with that property you'd better get on good terms with your Stannah rep.
My parents, when in their early 80's much regretted not getting a bungalow in their previous house move (when in their 60's).
Us, we've had bungalows for years.......

And did I hear you say "sell the cars"!!!!!!

anonymous-user

55 months

Monday 30th July 2018
quotequote all
I do like some of these big town house properties in York. That one could be made into something very nice indeed.

There is no significant flood risk in that part of town. If that house flooded, you would probably be able to see an ark out of the window

Other than the structure and the price, another thing I would look into, if I was considering it, would be to check which other properties nearby (particularly near neighbours) are still owned by the school and what they are used for.

Zonergem

Original Poster:

1,368 posts

93 months

Monday 30th July 2018
quotequote all
2 was school property and is now flats, at least one of which is a short-term rental property.


https://www.booking.com/hotel/gb/mansion-house-apa...

However the staircase configuration in 2 is different from 3 (smaller and less central) so makes it easier to convert to flats.

The brick built extension to 3, which is known as College House, will be up for sale next. All the heating etc is run out of the basement at 3 so once the properties are split it's clearly on the block too. Will make flats, potentially with off street parking.

But 3 is just too big to be a sensible family home and the central stairwell gets very gloomy at ground floor level.

Edited by Zonergem on Monday 30th July 09:40

anonymous-user

55 months

Tuesday 31st July 2018
quotequote all
Have you seen this one, "just over the road"

https://www.rightmove.co.uk/property-for-sale/prop...

Zonergem

Original Poster:

1,368 posts

93 months

Tuesday 31st July 2018
quotequote all
Mmmhmmm, she'd still object to the noise. I'd be more tempted to take on the Ashberry guesthouse that Barry Crux has for sale - corner of the Mount and Scarcroft Rd - but again, traffic.

The sad punchline is that we are already involved in a BAFO situation with the same agent on an off-market property, all pre-tarted up and ready to move in. Much higher asking than the first, natch. A solitary viewing yesterday morning, a couple of pertinent questions answered, a full asking price offer and then straight to BAFO by midday today. And still no answer, vendors maybe deciding whether to go to market and try for even more?!

anonymous-user

55 months

Tuesday 31st July 2018
quotequote all
Yes, noise is an issue on that road

For the one I just posted, when you get a couple of lorries in the queue for the lights and they come to set off up the hill.... noisy noise indeed

Good luck with your bafo