What should be our initial offer in these circumstances?

Ian_W

Congratulations sleepy, well done :T :j :beer:!!

But don't get too carried away at this stage, don't want to rain on your parade, but there's a few weeks of stress and worry before it's actually yours :eek: !! All part of the fun of house buying & selling :rolleyes: .

Best of Luck, hope it all goes OK. Keep us posted.

sleepy

Yeah, now comes all the other expensive things like surveys and solicitors! Have just requested a quote from a conveyencing website reccommended on another thread.

kurt-sam

Congrats sleepy! Going to have a good think about it. Varying between the 'sod' it and go silly approach, and worrying about upsetting them, offending them and making them dislike us!

sleepy

kurt-sam wrote:

worrying about upsetting them, offending them and making them dislike us!

I wouldn't worry about that,afterall I'm sure they understand that it's just a negotiating start point. We found that when we offered the £125,000 they got back to us with "no that's too low, but we'll take £135,000", so just starting negotiations knocked 5 grand off the price.
I would suggest working out the maximum you are prepared to pay and making that the middle point from your starting offer (if that makes any sense).
Good luck.

hobo28

Congrats sleepy.

sleepy

sleepy wrote:

Yeah, now comes all the other expensive things like surveys and solicitors! Have just requested a quote from a conveyencing website reccommended on another thread.

Well, after a hectic day of getting conveyancing quotes from everywhere I could think of, I have picked a local solicitors rather than an internet based company. I really wanted someone I could go and see in person with any problems, and have eventually found somewhere that isn't really much more expensive than the internet ones. Although I think I'm getting the best of both worlds because it also has an online tracking facility.
Thanks to everyone who has offered their words of support :xmassign:

silvercar

Well done!

We are the third in a chain (first time buyers, our buyers and us); they are virtually pushing us out the door. We found the one and only house of all that we've looked at that we want. Made an offer that is 96.6% of asking price and were rejected and told that they want what is 98.3% or they're not moving. No negotiation - the EA won't even put forward anything else. Yet we know they will lose the house they want if they don't negotiate with us as no-one else is in our position that is interested. Apparently the chain would end one step up from the dream house and that seller is refusing to budge as she's selling up and wants her cash.

Now we have the difficult decision, do we sell and rent for a few months or do we stay put?