Hi All,
My partner and I recently got approval in principal for a mortgage of €110k. We have 25k in savings plus another 5k of a gift from my parents.
We have found a property on the market for €125k. Its a brand new four bed finished to a builders standard. The estate agent has told us there is a bid of €115k which he expects to be accepted (i know the bidder). A liquidator is selling the property.
I am thinking about making a bid of €125k. I know that the person who has bid doesn't have the funds to go above that. (bidder is a neighbour of mine at the moment, she doesn't know I am interested in the property)
I would appreciate any thoughts on the bid...my partner thinks we should just bid at €120k
My partner and I recently got approval in principal for a mortgage of €110k. We have 25k in savings plus another 5k of a gift from my parents.
We have found a property on the market for €125k. Its a brand new four bed finished to a builders standard. The estate agent has told us there is a bid of €115k which he expects to be accepted (i know the bidder). A liquidator is selling the property.
I am thinking about making a bid of €125k. I know that the person who has bid doesn't have the funds to go above that. (bidder is a neighbour of mine at the moment, she doesn't know I am interested in the property)
I would appreciate any thoughts on the bid...my partner thinks we should just bid at €120k