You are reading a single comment by @hugo7 and its replies. Click here to read the full conversation.
  • Hive mind question, curiosity rather than advice.

    • Mate has just had an offer rejected. 1st time buyer.
    • Seller is son selling on behalf of a mum who has moved into a care home.
    • Seller accepted a lower offer from a cash buyer.

    Is a cash buyer really that much faster over a FTB? I think we're probably talking £10-25k difference.

    The accepted offerer apparently took a builder round a couple of times. Which combined with the cash and property type, makes me think a developer. Which in turn makes me think backhanders to the son and EA.

  • Fewer parties involved. Won’t do / care about surveys. Doesn’t have to please a mortgage provider and neither does the buyer’s solicitors. Faster. Might be worth paying £10k for especially if there are care home bills coming

About

Avatar for hugo7 @hugo7 started