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What to offer?

Went to view a house (well, several) today - and we may have found the one :j:j:j

It's a three bed end terrace, off street parking, and is ready to move into. It's on for £97k.

We were shown round by the vendor who said that he was "open to offers". It's been on the market for at least a year, is only half furnished, and is "mortgage free" currently.

We're first time buyers with mortgage/deposit in place and ready to go.

Obviously we want to get the house for as little as possible :money:and are wondering where to start the negotiations. We're actually willing to go up to the asking price...if we ABSOLUTELY have to.
We may not have it all together, but together we have it all :beer:
B&SC Member No 324

Living with ME, fibromyalgia and (newly diagnosed but been there a long time) EDS Type 3 (Hypermobility). Woo hoo :rotfl:

Comments

  • ciano125
    ciano125 Posts: 492 Forumite
    Part of the Furniture Combo Breaker
    What have the neighbouring properties sold for recently? Check nethouseprices, do some research and tell us what you find.
  • Emmylou_2
    Emmylou_2 Posts: 1,049 Forumite
    From Nethouseprices...

    April 08 - £122,950
    Oct 07 - £115,000
    Dec 05 - £92,000
    July 05 - £73,000
    May 05 - £92,000
    Apr 05 - £80,000
    Aug 04 - £79,000
    Nov 03 - £68,000

    The last time the house we're interested in sold was in 2000 for £27k.

    Zoopla estimates it at £59,975, but I really can't work out where they got that from. Houses on the other side and further up the road are estimated at £70 - £90k

    It is absolutely immaculate, gorgeous kitchen, bathroom, conservatory - no garden (but plenty of room for pots/barbeque/me to sit!)

    I was thinking of being cheeky and starting at £75k. I mean, they can only say no, can't they :confused:
    We may not have it all together, but together we have it all :beer:
    B&SC Member No 324

    Living with ME, fibromyalgia and (newly diagnosed but been there a long time) EDS Type 3 (Hypermobility). Woo hoo :rotfl:
  • pawpurrs
    pawpurrs Posts: 3,910 Forumite
    1,000 Posts Combo Breaker
    Sounds like it could have had quite a bit of work done to it, that zoopla wont take in to account unless the vendor has inputted those details.
    Pawpurrs x ;)
  • ciano125
    ciano125 Posts: 492 Forumite
    Part of the Furniture Combo Breaker
    Emmylou wrote: »

    I was thinking of being cheeky and starting at £75k. I mean, they can only say no, can't they :confused:

    At last!! Somebody with a bit of sense!! As long as you dont follow it up immediately when they turn it down with a higher offer, leave it with them for them to come back to you, perhaps go up in very small, say perhaps £2k increments and see where you get.
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