offers?

John_M_Business

What I think you should do is have a look around at general prices. If the price of £159k is about right for the property and the area, then £30k below is taking the mick. However, if, in your opinion, the £159k asking is too bullish, then why not go low?

I'm just about to rent near Basingstoke and I have just had a rental price offer reduced by £150 a month... because it was rather obvious the house was over-priced in relation to what else was available.

As I said to my wife 'If you don't ask, you don't get'... also got a great deal today on a DELL for my Father in Law - £100 off, Free warranty, Free delivery. Again, I got it because I asked!

robwend

ooooooooo you cheeky monkey lol:D

manhattan

we actually rent a house a few streets away from the one that is up for sale.

the prices in our street for a 2 bed same size house as the one for sale is at the moment in the £115 to £120k price range.
thats without a garage or conservatory,but still just as nice area.

both houses were built in the same year so are about 8 years old.

silvercar

If you can afford £150k, to offer £130k is going to mean you are not taken seriously and it could damage your chance of getting the house at a later stage. If you can only afford £130k then I don't see what you have to lose.

B52

We put in an offer which is 83% of the asking price and got accepted on the same day!

Background info:
o The house needs rewiring, new kitchen, new bathroom etc.
o We let the vendor know that we are FTB and got mortgage in principle sorted.
o Sales record shows that a 2-bedroom house on the same road was sold last year 3K higher than our offer, and that was nicely done up, so we thought our offer was not a silly one. (The one we put an offer in is a 3-bed.)

HTH!

manhattan

B52 wrote:

We put in an offer which is 83% of the asking price and got accepted on the same day!

Background info:
o The house needs rewiring, new kitchen, new bathroom etc.
o We let the vendor know that we are FTB and got mortgage in principle sorted.
o Sales record shows that a 2-bedroom house on the same road was sold last year 3K higher than our offer, and that was nicely done up, so we thought our offer was not a silly one.

HTH!

well done!

manhattan

B52 wrote:

We put in an offer which is 83% of the asking price and got accepted on the same day!

Background info:
o The house needs rewiring, new kitchen, new bathroom etc.
o We let the vendor know that we are FTB and got mortgage in principle sorted.
o Sales record shows that a 2-bedroom house on the same road was sold last year 3K higher than our offer, and that was nicely done up, so we thought our offer was not a silly one.

HTH!

i worked out that the price i may offer is 81% of the asking price.

B52

Manhattan,

http://www.ourproperty.co.uk/ You can find property sales records here.

manhattan

thanks b52.

the average selling price of houses in that street is £144k taking into consideration that they are a mixture of 2 and 3 bedroom houses.

B52

If that's the case, I really don't see why the seller want to accept 130K if other houses are sold around 144K.