Advice needed - How low can I go?

matty17r

Thanks for the info everyone, I am just going to hold tight and wait for them to contact me, I am sure they will with the current state of the market!

poppy10 wrote: »

Don't offer more than £140k, seriously, whatever you do.

cockneyrebel

I'm in a similar position, though with a lot less money! We're first time buyers, just seen a mortgage broker and applied for the agreement in principle. The house we're looking at is 120k, our absolute top line is 110k. If we offer 100k are we in with a chance? House is empty, elderly resident has gone into care so I think it's being sold by family. There's nothing basically wrong, it's it great condition, nicely decorated and has good carpets so there's no room for negotiation there, it probably needs a new gas combo boiler though as the one in there looks to be 20 yrs old. This'll be our first foray into the world of house buying so we're a bit clueless.

woody252506

cockneyrebel wrote: »

I'm in a similar position, though with a lot less money! We're first time buyers, just seen a mortgage broker and applied for the agreement in principle. The house we're looking at is 120k, our absolute top line is 110k. If we offer 100k are we in with a chance? House is empty, elderly resident has gone into care so I think it's being sold by family. There's nothing basically wrong, it's it great condition, nicely decorated and has good carpets so there's no room for negotiation there, it probably needs a new gas combo boiler though as the one in there looks to be 20 yrs old. This'll be our first foray into the world of house buying so we're a bit clueless.

I am in a similar position mate.

Im starting at 95k and not going above 100k. Im going on what people are saying and if thats correct then in a years time the house will be worth around 15% / 20% than it is now.

20% of 120k is 24k hense the 95k starting offer.

puddy

yes, i would imagine late 90s or 100k would be about right