Interesting house offer?
Discussion
We are soon to be blessed with travellers moving in next door and since the word's got out who's moving in I've been similarly blessed with other traveller families trying to buy this property. Some of them are established in the next village and no one has reported any problems.
A couple of these families have approached me regarding selling this with offers of 80% cash and we could live here for a year free. Well that's not going to happen but given they're open to negotiation I was pondering taking the 80% and the other 20% paid over the next four years. Obviously this will all be done through a solicitor and they won't get the title until it's been paid in full.
This is not going to be a case of the house price falls and never recovers. It's a temporary blip, travellers or not.
What do we think?
A couple of these families have approached me regarding selling this with offers of 80% cash and we could live here for a year free. Well that's not going to happen but given they're open to negotiation I was pondering taking the 80% and the other 20% paid over the next four years. Obviously this will all be done through a solicitor and they won't get the title until it's been paid in full.
This is not going to be a case of the house price falls and never recovers. It's a temporary blip, travellers or not.
What do we think?
I would say run, run away, but you can't as you live there.
Where does the 'cash' come from ? Is it legit money ?
Knowing some horror stories of travellers buying places and then hassling the people afterwards, I would want the full asking price plus 10%.
Where does the 'cash' come from ? Is it legit money ?
Knowing some horror stories of travellers buying places and then hassling the people afterwards, I would want the full asking price plus 10%.
- Apologies to legit hardworking genuine travelling folk*.
Tell them the figure you'd like, and that the cash would need to pass the proceeds of crime , money laundering regulations. That is your solicitor would employ a qualified auditor to check that UK tax had been paid on it.
And you'd add the cost of that to the price.
Mention that you work for Action Fraud. And that your wife is a plain clothes police officer, looking into agricultural equipment theft.
And you'd add the cost of that to the price.
Mention that you work for Action Fraud. And that your wife is a plain clothes police officer, looking into agricultural equipment theft.
Julia121 said:
We are soon to be blessed with travellers moving in next door and since the word's got out who's moving in I've been similarly blessed with other traveller families trying to buy this property. Some of them are established in the next village and no one has reported any problems.
A couple of these families have approached me regarding selling this with offers of 80% cash and we could live here for a year free. Well that's not going to happen but given they're open to negotiation I was pondering taking the 80% and the other 20% paid over the next four years. Obviously this will all be done through a solicitor and they won't get the title until it's been paid in full.
This is not going to be a case of the house price falls and never recovers. It's a temporary blip, travellers or not.
What do we think?
Are you mad? A couple of these families have approached me regarding selling this with offers of 80% cash and we could live here for a year free. Well that's not going to happen but given they're open to negotiation I was pondering taking the 80% and the other 20% paid over the next four years. Obviously this will all be done through a solicitor and they won't get the title until it's been paid in full.
This is not going to be a case of the house price falls and never recovers. It's a temporary blip, travellers or not.
What do we think?
If you accept taking 80% at any point, that's all you'll ever see. If you're lucky.
Run as fast as you can. Perhaps seriously, because an offer from these folk can quickly become something they give you little choice in.
My uncle once made an offer to buy a house via his solicitor so the vendor did not know who had made the offer.
It was the house next door, who had blocked some planning permission.
The neighbour, came and mentioned it, and my uncle played along, pretending to panic. Maybe it's a property developer, wanting to build flats next door to me. Please don't sell. It would blight our house, reduce the value.
The b
d accepted the offer.
It was the house next door, who had blocked some planning permission.
The neighbour, came and mentioned it, and my uncle played along, pretending to panic. Maybe it's a property developer, wanting to build flats next door to me. Please don't sell. It would blight our house, reduce the value.
The b
d accepted the offer. Pit Pony said:
My uncle once made an offer to buy a house via his solicitor so the vendor did not know who had made the offer.
It was the house next door, who had blocked some planning permission.
The neighbour, came and mentioned it, and my uncle played along, pretending to panic. Maybe it's a property developer, wanting to build flats next door to me. Please don't sell. It would blight our house, reduce the value.
The bd accepted the offer.
Maybe I'm missing something, but that seems a very expensive way to get planning. It was the house next door, who had blocked some planning permission.
The neighbour, came and mentioned it, and my uncle played along, pretending to panic. Maybe it's a property developer, wanting to build flats next door to me. Please don't sell. It would blight our house, reduce the value.
The b
d accepted the offer. Nope, it's not for me. I wouldn't buy or sell anything to travellers, nevermind something as important like your home!
The dilemma is would your house be harder to sell in the future with travellers next door (and the stereotypical accessories that accompany them...caravans, 4x4s, trucks, etc)? What's the on street parking like at the moment?
The dilemma is would your house be harder to sell in the future with travellers next door (and the stereotypical accessories that accompany them...caravans, 4x4s, trucks, etc)? What's the on street parking like at the moment?
Condi said:
Maybe I'm missing something, but that seems a very expensive way to get planning.
I think he thought he would make more money from cutting of the ends of 2 gardens plots and making the garden of the new house he was planning much bigger, but that he could sell both original houses with no reduction in value, because the gardens were still big. MercScot said:
I think, OP, you have misunderstood the nature of their offer; it is for 80% of your asking price/valuation - you will never see another penny.
If the 80% works for you, take the money and move on.
20% drop in price with If the 80% works for you, take the money and move on.
s living next door is as probably as good a result as you could hope for Pit Pony said:
My uncle once made an offer to buy a house via his solicitor so the vendor did not know who had made the offer.
It was the house next door, who had blocked some planning permission.
The neighbour, came and mentioned it, and my uncle played along, pretending to panic. Maybe it's a property developer, wanting to build flats next door to me. Please don't sell. It would blight our house, reduce the value.
The bd accepted the offer.
Of course he did It was the house next door, who had blocked some planning permission.
The neighbour, came and mentioned it, and my uncle played along, pretending to panic. Maybe it's a property developer, wanting to build flats next door to me. Please don't sell. It would blight our house, reduce the value.
The b
d accepted the offer. 
Pit Pony said:
Tell them the figure you'd like, and that the cash would need to pass the proceeds of crime , money laundering regulations. That is your solicitor would employ a qualified auditor to check that UK tax had been paid on it.
And you'd add the cost of that to the price.
Mention that you work for Action Fraud. And that your wife is a plain clothes police officer, looking into agricultural equipment theft.
They will reply, well I'm a traveller, that's equivalent to diplomatic immunity.And you'd add the cost of that to the price.
Mention that you work for Action Fraud. And that your wife is a plain clothes police officer, looking into agricultural equipment theft.
Julia121 said:
A couple of these families have approached me regarding selling this with offers of 80% cash and we could live here for a year free.
How about 100% cash and you could move out immediately?NB Is there not a limit on how much actual cash is legal tender? £20K seems to ring a bell.
Simpo Two said:
NB Is there not a limit on how much actual cash is legal tender? £20K seems to ring a bell.
No, in notes you can pay any sum as legal tender in England.If its going through a bank or financial body then they must report any sum paid cash over a set limit in accordance with AML. Most financial institutions will have a set of questions they will ask before accepting it into their custody too.
Most solicitors will not deal with any cash, not even 20 quid.
Gassing Station | Finance | Top of Page | What's New | My Stuff