Offer advice please

frowner

Hello all,

We are considering purchasing a new build home in stratford-upon-avon priced at £450,000 and will be looking to part exchange our home valued at approx £250,000. What would would be a reasonable opening offer?

Many thanks in advance

poppysarah

How much mortgage can you get?

Mr_Matey

If you want advice you need to provide more details than the asking price.

Eg:
a 10 bedroom mansion priced at £450k - go for it
a studio - walk away, they're dreaming.

Details include:
* Type of Property
* Location
* Price of similar properties in the area
* The type of buyer you are (cash, mortgage etc)
* Urgency of your sale / move

You get the picture.

foofi22

frowner wrote: »

Hello all,

We are considering purchasing a new build home in stratford-upon-avon priced at £450,000 and will be looking to part exchange our home valued at approx £250,000. What would would be a reasonable opening offer?

Many thanks in advance

Where abouts in Stratford? I've lived there most of my life so I may be able to help and the 'general location' stuff.

1984ReturnsForReal_2

frowner wrote: »

Hello all,

We are considering purchasing a new build home in stratford-upon-avon priced at £450,000 and will be looking to part exchange our home valued at approx £250,000. What would would be a reasonable opening offer?

Many thanks in advance

errrrrrrrrrrrrrrrrrrr


Find out what its really worth first????

frowner

Thanks all and sorry for the lack of info.
Our current mort is 50k we can get up to a 300k mortgage.
It's a 5 bed detached property (Laing Homes, Tiddington Grange). Seems like quite an expensive area (foofi22 would prob know). We would need a mort to buy it. We are not in any rush per se, however are quite unhappy in our current home and are desperate for a change. Thanks.

frowner

1984ReturnsForReal wrote: »

errrrrrrrrrrrrrrrrrrr


Find out what its really worth first????

How do I go about finding out what it is really worth? Thanks

zone

Is your current house detached and in the same area as the new build? How many receptions and bedrooms do you have? garage?

Does the 5 bed new build have a garage? larger garden? £450k sounds top end. Has it been reduced? You may be able to gauge a ballpark value for the newbuild from your own.

frowner

zone wrote: »

Is your current house detached and in the same area as the new build? How many receptions and bedrooms do you have? garage?

Does the 5 bed new build have a garage? larger garden? £450k sounds top end. Has it been reduced? You may be able to gauge a ballpark value for the newbuild from your own.

Our house is a 4 bed semi (3 yrs old) in a nearby village with garage. The other house is a larger garden and double garage. It has not been reduced. Thanks

frowner

foofi22 wrote: »

Where abouts in Stratford? I've lived there most of my life so I may be able to help and the 'general location' stuff.

Be grateful of your thoughts foofi! thanks in advance

Doozergirl

They are throwing incentives around - I think you could possibly get more off if you weren't part exing but - and I'm not being particularly adventurous here I say go in at your house plus 150,000. And stick. Be keen but firm. We managed to get 50k of a house at 300k - already built and the developers very keen to sell, so I really should be saying something more like 125,000 plus your house but for Stratford I think those prices have already been adjusted in a downwards direction.

Do they have it as a showhome? I'm tempted to go and look at it if I [strike]can be bothered to move[/strike] have time.

I really like three storey homes but on a smaller scale really - you're missing out on an awful lot of downstairs space there for the sake of that many bedrooms upstairs, none of which are really big enough to be used as anything else. The lovely thing about having a big house is loads of downstairs space - whereas yours actually seems to have the same downstairs space as my mother in law's three bed. - it looks like it's roughly 2000 square feet (bit less with the top floor in the eaves) which means downstairs is about 600-700 which is indeed about the size of a nice three bed.