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How much to offer?

kiwi07
kiwi07 Posts: 1,739 Forumite
Part of the Furniture 1,000 Posts
in House buying, renting & selling
Hi, I found the flat I liked. it's for £129.950 what is too much for me. This property only came on sell 3 weeks ago. The only problem - all appliances are quite old and have to be replaiced and shower cabin is not so good. This flat is empty now. The vendor bought this flat as an investment in December 2000 for £97 k.
I want to make an offer. So, how much I can offer?? please, advise. Thanks
«13

Comments

  • ahusband
    ahusband Posts: 43 Forumite
    It depends on area, sold prices and how much you want it. Id say do a little research into what nearby properties have gone for. take into account what needs replacing when you make your offer. Start low, worst they can say is no. Maybe start at £110?
  • kiwi07
    kiwi07 Posts: 1,739 Forumite
    Part of the Furniture 1,000 Posts
    edited 8 May 2009 at 4:11PM
    ahusband wrote: »
    It depends on area, sold prices and how much you want it. Id say do a little research into what nearby properties have gone for. take into account what needs replacing when you make your offer. Start low, worst they can say is no. Maybe start at £110?


    I did a little search - similar flat in the same house is under offer £117.950. This flat doesn't require replaicing all appliances, you just move in with your suitcase, no need to do anything.
  • QTPie
    QTPie Posts: 1,373 Forumite
    oki1875 wrote: »
    I did a little search - similar flat in the same house is under offer £117.950. This flat doesn't require replaicing all appliances, you just move in with your suitcase, no need to do anything.

    Is the property "under offer" for that amount or is that the "asking price" of the property under offer?

    QT
  • ahusband
    ahusband Posts: 43 Forumite
    its on the market at 117 or offer accepted was 117? If its the case it was on the market at 117 then its almost certain they didnt receive full asking price. Perhaps start lower than 110, be cheeky, it gets you everywhere, 105? make it clear that it needs work and explain what...
  • kiwi07
    kiwi07 Posts: 1,739 Forumite
    Part of the Furniture 1,000 Posts
    QTPie wrote: »
    Is the property "under offer" for that amount or is that the "asking price" of the property under offer?

    QT


    The "asking price" of the property "Under offer". This similar flat is being advertised in two EA. 1st EA says £117.950 (Under offer), 2nd EA Offers in excess of £117.950.
  • kiwi07
    kiwi07 Posts: 1,739 Forumite
    Part of the Furniture 1,000 Posts
    ahusband wrote: »
    its on the market at 117 or offer accepted was 117? If its the case it was on the market at 117 then its almost certain they didnt receive full asking price. Perhaps start lower than 110, be cheeky, it gets you everywhere, 105? make it clear that it needs work and explain what...

    This second flat is on the market at £117.950.
  • kiwi07
    kiwi07 Posts: 1,739 Forumite
    Part of the Furniture 1,000 Posts
    oki1875 wrote: »
    This second flat is on the market at £117.950.


    So, what do you think is the best starting offer for my loved £129.950 flat?
    I am a bit confused - 105 k or 110k?
    By the way, I am the FTB, with cash and no chain. :j
  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Low offer, in writing not by telephone, clearly stating your strong position and your desire to move quickly. You are the dream purchaser!!
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
  • westv
    westv Posts: 6,598 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Fire_Fox wrote: »
    Low offer, in writing not by telephone, clearly stating your strong position and your desire to move quickly. You are the dream purchaser!!

    Surely using the phone would be quicker then sending a letter?
  • Bermuda_John
    Bermuda_John Posts: 311 Forumite
    find out what the flats sold for in 2007 and then offer 75%-80%
    i buy houses ........... any condition.
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