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    • casson2006
    • By casson2006 16th Apr 17, 7:37 PM
    • 98Posts
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    casson2006
    Advice on putting in an offer
    • #1
    • 16th Apr 17, 7:37 PM
    Advice on putting in an offer 16th Apr 17 at 7:37 PM
    Me and my husband have been looking to buy a house for awhile now. We are due to view a property tomorrow that seems perfect for us. Its a property that has just come back onto the market because the chain has fallen through. The estate agent said the sellers are desperate to sell because of this.

    We are first time buyers in no chain with an AIP and ready to move as quick as possible. The property was originally listed in October 2016 @ £279,950 and now its been listed @ £289,950. Does this seem like a reasonable amount to increase it by in that space of time?

    The house itself is a 3 bed semi and not many have sold in the area over the last couple of years, so its hard to judge.
Page 1
    • MeltingSugs
    • By MeltingSugs 16th Apr 17, 7:56 PM
    • 14 Posts
    • 7 Thanks
    MeltingSugs
    • #2
    • 16th Apr 17, 7:56 PM
    • #2
    • 16th Apr 17, 7:56 PM
    If it's just to come back to the market and the upper chain is complete I'd wonder why they 'needed' an extra 10k. My house had come back up as chain fell through six months down the line and was listed at its original price which we agreed to pay.

    Re going up though, I don't think it's an unfair amount. Ours was valued at 240-250 in Oct and 250-260 in Jan. Sold within two days at 260 on the nose.
    • casson2006
    • By casson2006 16th Apr 17, 9:25 PM
    • 98 Posts
    • 8 Thanks
    casson2006
    • #3
    • 16th Apr 17, 9:25 PM
    • #3
    • 16th Apr 17, 9:25 PM
    Yeah that's what i though as they have secured the house they are buying so that's why they are desperate.

    They stated they would only take viewings from tuesday this week (went onto the market last thursday), but when they knew we was in no chain they agreed to see us monday.

    We've lost out on houses before so we are just unsure if we go in under or at asking price (if we want to go for the house). From experience most people will only accept asking price or over.
    • steampowered
    • By steampowered 16th Apr 17, 9:48 PM
    • 1,390 Posts
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    steampowered
    • #4
    • 16th Apr 17, 9:48 PM
    • #4
    • 16th Apr 17, 9:48 PM
    If you know they are desperate to sell, you might as well go in under the asking price. The worst that can happen is they say no and you raise your offer.
    • casson2006
    • By casson2006 16th Apr 17, 9:54 PM
    • 98 Posts
    • 8 Thanks
    casson2006
    • #5
    • 16th Apr 17, 9:54 PM
    • #5
    • 16th Apr 17, 9:54 PM
    Yeah that's true.
    I am just thinking how low is acceptable to go as we want to be taken seriously and not miss out again.
    • rjwr
    • By rjwr 16th Apr 17, 10:39 PM
    • 203 Posts
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    rjwr
    • #6
    • 16th Apr 17, 10:39 PM
    • #6
    • 16th Apr 17, 10:39 PM
    don't worry about this offer taken seriously b0llocks. Offer what you are prepared to pay. The agent has to communicate offers to the seller, yes its in their interest and the sellers to get as much as possible, but its also in their interest to sell the property.

    offer what you want.
    • casson2006
    • By casson2006 17th Apr 17, 11:31 AM
    • 98 Posts
    • 8 Thanks
    casson2006
    • #7
    • 17th Apr 17, 11:31 AM
    • #7
    • 17th Apr 17, 11:31 AM
    Yeah that's true! Thanks for the advice.
    We just feel abit on edge about it as we've lost out so many times.
    • casson2006
    • By casson2006 18th Apr 17, 1:24 PM
    • 98 Posts
    • 8 Thanks
    casson2006
    • #8
    • 18th Apr 17, 1:24 PM
    • #8
    • 18th Apr 17, 1:24 PM
    Well went in this morning @ £280,000. They said the vender had more viewings this week so prob will wait! They haven't got back to us yet :s
    • ReadingTim
    • By ReadingTim 18th Apr 17, 1:40 PM
    • 1,583 Posts
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    ReadingTim
    • #9
    • 18th Apr 17, 1:40 PM
    • #9
    • 18th Apr 17, 1:40 PM
    Well went in this morning @ £280,000. They said the vender had more viewings this week so prob will wait! They haven't got back to us yet :s
    Originally posted by casson2006
    Very good, but it's probably worth considering where you'll go from there: opening offers below asking price aren't usually accepted without some kind of to-and-fro, or the pretence of.
    Last edited by ReadingTim; 18-04-2017 at 1:55 PM.
    • casson2006
    • By casson2006 18th Apr 17, 1:47 PM
    • 98 Posts
    • 8 Thanks
    casson2006
    Yeah we've got a plan, as we expect it will get rejected.
    We've gone through this quite a few times now so I'm sure a bidding war will commence! Just seems like a lot of people in this area will go over asking price! We've agreed a price we'll go up to.
    • BLOW FLY
    • By BLOW FLY 18th Apr 17, 1:51 PM
    • 85 Posts
    • 69 Thanks
    BLOW FLY
    What part of the uk are you in?
    • casson2006
    • By casson2006 18th Apr 17, 1:54 PM
    • 98 Posts
    • 8 Thanks
    casson2006
    North west- we've been looking at areas in Cheshire/greater Manchester for last two years. The markets crazy around here, they are usually sold in a day or two!
    • bertiewhite
    • By bertiewhite 18th Apr 17, 2:00 PM
    • 383 Posts
    • 357 Thanks
    bertiewhite
    My house was put back on the market after it fell through, at the same price - £145K. I cheekily asked what it ACTUALLY sold for and of course the EA wouldn't tell me. I asked if it was £140K and she said she couldn't tell me so I asked if it was £135K and she again told me that she couldn't say but she did crack a smile so that's the price I offered and it got accepted straight away
    • Lauralou79
    • By Lauralou79 18th Apr 17, 6:54 PM
    • 63 Posts
    • 29 Thanks
    Lauralou79
    Can confirm that the north west/greater Manchester area housing market is speedy. Most decent houses under £200,000 seem to be selling within days. Including the one we are currently in the process of buying.... We viewed 2 days after it being put up and then offer accepted 2 days later! Was difficult in deciding offers as we knew it would go fast!
    • Crashy Time
    • By Crashy Time 18th Apr 17, 8:14 PM
    • 4,254 Posts
    • 1,988 Thanks
    Crashy Time
    Yeah we've got a plan, as we expect it will get rejected.
    We've gone through this quite a few times now so I'm sure a bidding war will commence! Just seems like a lot of people in this area will go over asking price! We've agreed a price we'll go up to.
    Originally posted by casson2006

    Thought it had been on the market for two years?
    • Crashy Time
    • By Crashy Time 18th Apr 17, 8:17 PM
    • 4,254 Posts
    • 1,988 Thanks
    Crashy Time
    [QUOTE=casson2006;72411550]Me and my husband have been looking to buy a house for awhile now. We are due to view a property tomorrow that seems perfect for us. Its a property that has just come back onto the market because the chain has fallen through. The estate agent said the sellers are desperate to sell because of this.

    We are first time buyers in no chain with an AIP and ready to move as quick as possible. The property was originally listed in October 2016 @ £279,950 and now its been listed @ £289,950. Does this seem like a reasonable amount to increase it by in that space of time?

    The house itself is a 3 bed semi and not many have sold in the area over the last couple of years, so its hard to judge.[/QUOTE]


    I would wait until the French elections and any UK General election are out of the way before making offers on a house.
    • mysterymurdoch
    • By mysterymurdoch 18th Apr 17, 8:21 PM
    • 135 Posts
    • 97 Thanks
    mysterymurdoch
    Have patience, estate agents always play this game, more offers/viewings etc.

    It's tough but that's the way it is. There's little point in offering too low, especially as the market's strong with rising prices.
    • Crashy Time
    • By Crashy Time 18th Apr 17, 8:26 PM
    • 4,254 Posts
    • 1,988 Thanks
    Crashy Time
    http://www.yorkshirepost.co.uk/news/billions-wiped-off-value-of-homes-1-8494169


    ...and it will be billions more if the French elections go the way pundits are now predicting.
    • juniordoc
    • By juniordoc 18th Apr 17, 8:32 PM
    • 105 Posts
    • 63 Thanks
    juniordoc
    Yep all this political turmoil makes it a very risky time to be a first time buyer! Think we will very soon be seeing the back of 95% LTV mortgages.
    Credit crunch round 2!
    • Lauralou79
    • By Lauralou79 18th Apr 17, 8:38 PM
    • 63 Posts
    • 29 Thanks
    Lauralou79
    Myself and my partner need a home. So we are buying a house. The mortgage is only twice our joint income. The house is suitable for our long term needs and is in a nice area. If we waited for political or financial stability we would be waiting forever and we ain't getting any younger!
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