Plan in need of revision already...
Hmmm, the plan has gone to shit already! A bit quicker than even I suspected it would. :)
So what's happened then... well first of all my employment has fallen through, funding was coming from the US not the UK, and given the current exchange rate and the insistance of GWB that the US economy should collapse in the next two to three years, the guys in the US just don't have the readies to pay me with. :(
So boo-hoo, no great job, no being paid great cash. On the upside though, about an hour before that call came through, I got a call from an agency with an interview request, and being the somewhat prescient person that I am (or maybe its just that I have been though this particular cycle a number of times over the last decade) I went ahead and organised it just in case this one fell through.
So all mojo sent on Monday at 4PM will be most appreciated.
What else? Oh yeah, my initial offer on the maisonette was rejected, no surprises there, I didn't really expect them to go with the offer, the whole point of negotiation is they ask for too much, you offer too little, and then you meet in the middle somewhere.
However their response was somewhat cumbersome, it turns out that the vendor of the property is actually a company that sell reposessed properties (hence the unexpectedly low price I guess), and their immediate response was to say, "No, what's the maximum offer you will put in?".
Obviously I didn't answer that, on account of me not being a complete and utter fucktard and of course having a clue what negotiation is (what with doing it professionally for the last 12 years of my life).
Anyway that figure is for me to know, and for them to find out (painfully slowly if I can manage it, what with having to find a new job and reorganise a mortgage again).
In the end I made my displeasure clear, what I was expecting was one of the usual responses, such as "No, but you are close to a figure we are comfortable with", "yes", or maybe, "No, you are miles away from a figure we are happy with", but certainly not, "No, tell us the absolute max you will spend (then we can add 5K to that)". Then I gave them a new figure of £340K to play with. I was asked if that was my maximum bid, and I responded along the lines of, "maybe... maybe not".
The way I see it, they have a property in need of work, the season is slow at this time of year (no one wants to buy now, they're waiting till next year), I've got the money (as far as they know anyway), so all in all they can be rid of the thing soaking up all the cash in their pockets now, it's a good deal for them before the market drops any further!
Oh yeah, and had a call from my brother's solicitor (she came highly recommended) regarding the conveyancing of the property, looks like the bill is going to come to over £12K when stamp duty is included, not to mention another £500+ for a survey.
We shall see what tomorrow brings... this is fun though right now. I didn't expect the plan to hold long, but less than 24 hours was a surprise! :)
Onward!
So what's happened then... well first of all my employment has fallen through, funding was coming from the US not the UK, and given the current exchange rate and the insistance of GWB that the US economy should collapse in the next two to three years, the guys in the US just don't have the readies to pay me with. :(
So boo-hoo, no great job, no being paid great cash. On the upside though, about an hour before that call came through, I got a call from an agency with an interview request, and being the somewhat prescient person that I am (or maybe its just that I have been though this particular cycle a number of times over the last decade) I went ahead and organised it just in case this one fell through.
So all mojo sent on Monday at 4PM will be most appreciated.
What else? Oh yeah, my initial offer on the maisonette was rejected, no surprises there, I didn't really expect them to go with the offer, the whole point of negotiation is they ask for too much, you offer too little, and then you meet in the middle somewhere.
However their response was somewhat cumbersome, it turns out that the vendor of the property is actually a company that sell reposessed properties (hence the unexpectedly low price I guess), and their immediate response was to say, "No, what's the maximum offer you will put in?".
Obviously I didn't answer that, on account of me not being a complete and utter fucktard and of course having a clue what negotiation is (what with doing it professionally for the last 12 years of my life).
Anyway that figure is for me to know, and for them to find out (painfully slowly if I can manage it, what with having to find a new job and reorganise a mortgage again).
In the end I made my displeasure clear, what I was expecting was one of the usual responses, such as "No, but you are close to a figure we are comfortable with", "yes", or maybe, "No, you are miles away from a figure we are happy with", but certainly not, "No, tell us the absolute max you will spend (then we can add 5K to that)". Then I gave them a new figure of £340K to play with. I was asked if that was my maximum bid, and I responded along the lines of, "maybe... maybe not".
The way I see it, they have a property in need of work, the season is slow at this time of year (no one wants to buy now, they're waiting till next year), I've got the money (as far as they know anyway), so all in all they can be rid of the thing soaking up all the cash in their pockets now, it's a good deal for them before the market drops any further!
Oh yeah, and had a call from my brother's solicitor (she came highly recommended) regarding the conveyancing of the property, looks like the bill is going to come to over £12K when stamp duty is included, not to mention another £500+ for a survey.
We shall see what tomorrow brings... this is fun though right now. I didn't expect the plan to hold long, but less than 24 hours was a surprise! :)
Onward!
posted by C at 9:48 pm
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