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buying a house what offers should i make and what is too cheeky?
THANKS!
Comments
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Check the link below of properties sold in that road for 2006/07. And reduce your offer accordingly with the slump.. Majority of cases EAs and sellers still expect those prices! Thats why properties arent selling!
http://www.ourproperty.co.uk/?referrer=overture&keyword=www.ourproperty.co.uk0 -
I love that site as it gives you the average selling price based before the peak of the boom which is a more realistic selling price and good grounds to base your offers on0
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If you offer more than 50% of the asking price it's likely to have been too much when you look back in a few years timeKrusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
You can offer what ever you think it's worth - at worst they will say no.0
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It of course depends on the area and how prices are falling there.
But being cheeky will probably pay off in the long run, when you start lower you can always offer higher as opposed to if you start high and your offer is accepted it will be more difficult to go lower!
It might sound obvious but it's something I've learned from recently when I putting in an offer two months ago which got accepted. My partner and I were too worried about offending the vendor or being too cheeky and unreasonable that we got ourselves in a situation where we regretted not putting a lower offer. Even then when we placed an offer the estate agent said it was too low but we said it was the only offer we'd make and it still got accepted! Had to eventually withdraw as survey come back with a lot to do and I guess it caused us to come to our senses fully. It's a mistake I'll definately learn from as a first time buyer.
I would advise you to ignore how negative an estate agent will sound regarding your offer, it is their job to sound disappointed regarding any offer which isn't particularly high.
I wish you luck and hope my experience helps you. In the current market you can afford to be cheeky!0
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