FTB how much should we offer

silvercar

Some people price their houses at silly prices, so people think they are getting a bargain when an offer is expected. Others price their house at a more reasonable level to generate interest. Asking prices are no indication of the price womeone will accept.

Genreally if a property has been on the market a long time the price is either too high to generate viewings or the seller is not accepting reasonable offers.

[ As a seller received offer of 97.7%, accepted increased offer of 98.8% a day later. As a buyer offered 96.6%, seller said they wanted at least 98.3%. Waited a fortnight (!!) and offered as our final position 97.2% which was accepted. still waiting to exchange though.]

Doozergirl

It's understandable that you're nervous, not having bought before but your vendor probably hasn't sold before either and is equally nervous! I think you could have got it for £111,000 if you'd gone in a little lower in the first place.

Follow AndrewSmith's fabulous advice. Please go for a second viewing before offering anything else. Go and check it's still as fabulous as it was and your furniture fits etc. Make your next offer a minimal rise and say it's FINAL. You can say this, even if you offer again, but I'm sure your next offer will be accepted if you give them time. They will take longer to think about your offer if they think it is final.

AndrewSmith

@ Doozergirl :A

Aww shucks, I am Humbled

Kind feedback is always appreciated.

:beer:

Doozergirl

......

AndrewSmith

Note to self:....

Stop flirting with all the women on here

Doozergirl

I'd noticed I wasn't the first today!

fuzzybear_4

We've had an EA friend check it out and he says it's defintely worth the money. Had our offer rejected as he's got 5 people going to view it between now and sunday and says to low, to early. Should have said earlier we went to see it again this morning in the daylight and it's just as lovely today than before. Now what?

dennyboy

if you like it then put an offer higher offer in (thought don't go mad) however the market it awful at the moment for sellers, you should be the one who sits back. My friend done this put a really low offer in on a property (20K lower) the buyers said no. 2 days later they phoned him back said they would except it.
Don't panic if you want a good deal, if u love it, then you should go for it though!

[Deleted User]

If you really want the house then don`t put in too low an offer so that the vendors get their backs up. We sold our house at a realistic price. The first viewer put in a ridiculous offer . We said `no way` the second viewer on the second day offered the full asking price and we accepted. We are honest, trustworthy people and would never have gazumped anyone even when a third person put in a higher offer.

If you really want a particular house then go `hell for leather` to get it. If you aren`t bothered about getting it then go the low offer route