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Andrew Smith Advice Still Relevant?
toocan
Posts: 180 Forumite
Having sorted my mortgage in principle ive now started actively looking and searching for properties following the advice of Andrew Smith (http://forums.moneysavingexpert.com/showthread.html?t=175653) and i think im in a position to put an offer in ona house ive found however im wondering in this current climate how relevant Andrews advice is as his article was written in 2006.
His advice seems to be go for 10 - 12% below asking price is this still relevant?
His advice seems to be go for 10 - 12% below asking price is this still relevant?
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Comments
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Having sorted my mortgage in principle ive now started actively looking and searching for properties following the advice of Andrew Smith (http://forums.moneysavingexpert.com/showthread.html?t=175653) and i think im in a position to put an offer in ona house ive found however im wondering in this current climate how relevant Andrews advice is as his article was written in 2006.
His advice seems to be go for 10 - 12% below asking price is this still relevant?
Ever more so in this environment. It is truly a buyer's market. Sellers are now desperate to secure an offer, for proof simply look at the number of houses in your area that have been up for sale for a long time now.
Arm yourself with as much information as possible for example look at sold prices of similar properties recentle using sites such as houseprice.net or upmystreet.com
Offer whatever you feel is a fair price for the propery, the worst that can happen is the seller says 'no'.
Cheers0 -
Hows that for a personal reply!
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