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Fixed Price
Stewboy1978
Posts: 192 Forumite
Hiya
Looking for some advise....House I like is Fixed Price £190,000 and has been on the market for 4 months.
What do you think the minimum the seller would sell for?
Cheers
Looking for some advise....House I like is Fixed Price £190,000 and has been on the market for 4 months.
What do you think the minimum the seller would sell for?
Cheers
0
Comments
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firstly you need to make sure you are in a godo buying position. do you have a mortgage offer or a decision in principle? do you have your deposit ready? a solicitor instructed? are you chain free? all these things add up to you being a serious buyer and offers from serious buyers are noted.
I would consider how badly you want it, other properties available and I would study local prices and historic prices from (ourproperty.co.uk) for that road and for the last 2 years. I would then open between 85% and 90% of the average.
The fact its "fixed price" is irrelevant. The fact its unsold in 4-months is relevant.
Whats the worse that can happen? A "no"."enough is a feast"...old Buddist proverb0 -
Thanks, am in a pretty strong position (I think)...Don't have to sell, mortgage agreed (In principle) and deposit ready.0
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Stewboy1978 wrote:Looking for some advise....House I like is Fixed Price £190,000 and has been on the market for 4 months.
Since it's FP - is the property in Scotland?0 -
irnbru wrote:Since it's FP - is the property in Scotland?
Yup, north of Scotland...0 -
ah then it works differently there. I have seen fixed price in england and wales and here is doesnt mean a lot. In Scotland, you either need to meet the fixed price or in some cases beat it. Cultural and legal differences I guess."enough is a feast"...old Buddist proverb0
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Fixed price is a meaningless statement, even in Scotland!. A property is only worth what somebody is willing to pay for it.
Eamon0 -
Fixed price in Scotland is generally a sign that the house failed to sell on "offers over" and/or the seller is in a hurry to sell. However, the price might still be optimistic and you could still get it for a lower price. There's no harm in making an informal approach to the seller and see if they're willing to move on the price. If you get a warm feeling you can then go to survey and make a formal offer.What goes around - comes around0
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