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Advice needed regarding First time purchase

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Yakubu22
Yakubu22 Posts: 640 Forumite
500 Posts
in House buying, renting & selling
Hi,

I am visiting a house tomorrow (semi) which i really like the look of. From the pics it looks in very good nic with very little (if any) work required.
The house was purchased by the current owners in 2004 for £166k.

Another semi (dont know about its condition) on the same road was bought in the summer of 2007 for £195k. The area is quite desirable with its proximuity to good schools and is generally a nice area.

Now if this house is as it appears in the pics....what would people recommend as an opening offer?

Thanks very much
"For those who understand, no explanation is necessary. Those who don't understand, dont matter."
«1

Comments

  • princessamy86
    princessamy86 Posts: 4,889 Forumite
    What is it on the market for now?
    Scar tissue that I wish you saw, sarcastic mister know it all, close your eyes and I'll kiss you cause with the birds I'll share this lonely view.
  • Yakubu22
    Yakubu22 Posts: 640 Forumite
    500 Posts
    princessamy86 wrote: »
    What is it on the market for now?

    Sorry forgot to say...its on at "Offers over £175k"
    "For those who understand, no explanation is necessary. Those who don't understand, dont matter."
  • princessamy86
    princessamy86 Posts: 4,889 Forumite
    Lol sorry another question-are you in Scotland?
    Scar tissue that I wish you saw, sarcastic mister know it all, close your eyes and I'll kiss you cause with the birds I'll share this lonely view.
  • zone
    zone Posts: 249 Forumite
    How long has it been on the market? has it been reduced in price to offers around £175k?
  • Yakubu22
    Yakubu22 Posts: 640 Forumite
    500 Posts
    princessamy86 wrote: »
    Lol sorry another question-are you in Scotland?

    No, does that make a difference?
    "For those who understand, no explanation is necessary. Those who don't understand, dont matter."
  • pawpurrs
    pawpurrs Posts: 3,910 Forumite
    1,000 Posts Combo Breaker
    Has it been renovated by the current owners?
    Pawpurrs x ;)
  • Yakubu22
    Yakubu22 Posts: 640 Forumite
    500 Posts
    zone wrote: »
    How long has it been on the market? has it been reduced in price to offers around £175k?

    only a few weeks...
    "For those who understand, no explanation is necessary. Those who don't understand, dont matter."
  • Yakubu22
    Yakubu22 Posts: 640 Forumite
    500 Posts
    pawpurrs wrote: »
    Has it been renovated by the current owners?

    no, it was purchased by the current owners in 2004 from someone who purchased it in 2002 for £130k. So i guess the previous owner did the majority of the work?
    "For those who understand, no explanation is necessary. Those who don't understand, dont matter."
  • princessamy86
    princessamy86 Posts: 4,889 Forumite
    Yes it makes a difference in Scotland as they have a different system but if you're not it doesn't matter! I would probably go in with an offer of £165k and let them negotiate you up a bit, it really does depend on how much you think it's worth and what the maximum you would be willing to pay is. Tbh, they bought for £10k less than they are selling for so it doesn't look like they've put it on for a really high price and are being greedy-unless there's loads of work that needs doing!
    Scar tissue that I wish you saw, sarcastic mister know it all, close your eyes and I'll kiss you cause with the birds I'll share this lonely view.
  • Yakubu22
    Yakubu22 Posts: 640 Forumite
    500 Posts
    princessamy86 wrote: »
    Yes it makes a difference in Scotland as they have a different system but if you're not it doesn't matter! I would probably go in with an offer of £165k and let them negotiate you up a bit, it really does depend on how much you think it's worth and what the maximum you would be willing to pay is. Tbh, they bought for £10k less than they are selling for so it doesn't look like they've put it on for a really high price and are being greedy-unless there's loads of work that needs doing!

    Yeh, certainly from pictures its looks very modern. A couple of viewings may determine otherwise. However it does seem reasonably priced. My inexperience in this situation was the factor in posting the question.

    Would going in at the price they paid in 2004 be a good representation of where today's market is (generally speaking)?
    "For those who understand, no explanation is necessary. Those who don't understand, dont matter."
This discussion has been closed.
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