How much to offer?

snowjoe

I think you have to go in below 175k or at 175k. It could save you the best part of £2000 in stamp duty. It would be daft to go in at 180k and have it accepted as you will always think would they have accepted 175k. Depends on how motivated the sellers are and how strong your buying position is. Are you in a chain?

nearlynew

slipp_digby wrote: »

OP - ignore this rubbish above. you will be old and grey before people accept such a big reduction in price.

dont overplay your position as a buyer. start low but dont take the !!!! or you will alienate the vendor to the point where they wont take any of your offers seriously.

i think you should aim for three bids:-

1 the 'scene setter' - in the order of say 170k ot find out if they will negotiate

2. movement upwards towards the vendors price but within you budget Say 173K

3. the put up or shut up - £175 take it or leave it, offer open for 5 working days after which you will view other houses

all IMO of course!

WOW you drive a hard bargain don't you :rotfl:


You're welcome to your opinion.

But the OP would be better off sticking with mine in post #7

slipp_digby

nearlynew wrote: »

WOW you drive a hard bargain don't you :rotfl:


You're welcome to your opinion.

But the OP would be better off sticking with mine in post #7

There is a difference between negotiating with a view to closing a deal for a house the OP wants, and basically being totally un-realistic. Your post was the latter.

I assumed the OP was serious about buying the house and wanted a few suggestions on how to negotiate under the asking price. Your advice was basically dont buy a house in the current market which wasnt the question asked.

Perhaps the house price discussion board is more to your taste?

chickmug

nearlynew wrote: »

But the OP would be better off sticking with mine in post #7

You are entitled to offer your advice which I feel is absolute rubbish and bears no resemblance to the reality of the situation. Those that read this forum are advised to ignore the extremes of advice and look out for the advice of those who regularly post helpful comments based on the real world.

zappahey

TD5 wrote: »

On the basis that it was bought at peak for around £200k (a little over the average at that time) would it not be reasonable to expect the value to have fallen in line with the average suggesting a current value of around £160k?

Is that the average fall of a nice 3-bed semi in Basingstoke?

Strapped

wysiwyg78 wrote: »

<snip>
It's a 3-bed semi with an extended living room and dining room, has a newly fitted kitchen and bathroom, has a decent sized garden and an integral garage. This is the bit that I don't really understand as it says that it has been professionally adapted to become a usable area as an office, playroom or storage area. However, we've just driven past it now and it still a garage door on it. The door was slightly up and it just looked like a normal garage. We're hoping to go and view it tomorrow.

<snip>

Wysi

"The integral garage has been professionally adapted to accommodate a small but very useful area that can flexible in its choice of uses, ie. study, play area, storage, work room etc."

Sounds like the garage is still there but they've sectioned a bit off the back.

carlsberggal

Being a negoiator myself in the business, I would always say start off with a cheeky offer, £170,000, the worst they can do is say no. You then increase gradually to what is your upper limit. Hopefully it won't get to that amount.

A house is a home and should be seen as that not as a 'make a quick buck fast'. The market won't be the same in 5 years or more time. If you love it and want it, go for it

Strapped

PS I think it's very overpriced.

nearlynew

chickmug wrote: »

You are entitled to offer your advice which I feel is absolute rubbish and bears no resemblance to the reality of the situation. Those that read this forum are advised to ignore the extremes of advice and look out for the advice of those who regularly post helpful comments based on the real world.

Well the real world I live in tells me that house prices are too high because of loose lending to people paying over the odds for houses that they can't really afford.

If more people followed the type of advice I have given then we wouldn't be in this awful mess. I do not consider telling the OP to take on more debt than necessary in to be good financial advice.

nearlynew

carlsberggal wrote: »

Being a negoiator myself in the business, I would always say start off with a cheeky offer, £170,000, the worst they can do is say no. You then increase gradually to what is your upper limit. Hopefully it won't get to that amount.

t

why do people always talk about "going to their limit"?




I know why really but it never ceases to amaze me.