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what would you offer
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samuela66
Posts: 1,203 Forumite


Hi,
Just been to see a property reduced recently from 139k to 129k it has been on the market for about 8 months now.....
I know people are saying property is still coming down, but I am not sure what to put in as an offer or hang fire for a while.....
any help please
sam
Just been to see a property reduced recently from 139k to 129k it has been on the market for about 8 months now.....
I know people are saying property is still coming down, but I am not sure what to put in as an offer or hang fire for a while.....
any help please

sam
Sam B
0
Comments
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Go for 99k & say you'll seal the deal in four weeks. It depends, of course, on what the property is worth to you and whether it's for investment or your main home & the urgency of the seller to do a deal. If this is for your main home then the choice is as much about heart as well as head. If you're a cash buyer or have nothing to sell then you should be able to use this as leverage. I'd check those sites which tell you the sold prices of similar properties - knowledge is power! However at the end of the day, without knowing your circumstances or the area of the property concerned, it's difficult to give informed advice. You can offer low and work your way up - but not the other way around. I don't think that a 25% ish reduction is a mad offer in today's difficult climate.0
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Have you checked for recent house sales in the street and nearby ones for the same type of property ?0
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You haven't give us any information on the property itself for us to offer any meaningful advice. Do you have a link to the property details?"You were only supposed to blow the bl**dy doors off!!"0
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maninthestreet wrote: »You haven't give us any information on the property itself for us to offer any meaningful advice. Do you have a link to the property details?
link:http://www.rightmove.co.uk/property-for-sale/property-22863392.html
I think this is how to post the lik=nkSam B0 -
As others are saying do your homework to establish value but get on with it.
It may just be one of the places that IS in demand and you may dilly dally and miss out.A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
Offer a million pounds, or one pound, or whatever you think it's worth (only one of these answers is real).Been away for a while.0
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If it's been on for 8 months then it's probably fallen in value as per the general market so the new price isn't so much a reduction but an acknowledgment of its new notional value. However, it's only worth what someone will pay for it!0
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That is a nice house, especially the downstairs, but I can't begin to comment on how much I would offer not knowing the area.Debt January 1st 2018 £96,999.81Met NIM 23/06/2008
Debt September 20th 2022 £2991.68- 96.92% paid off0 -
Well, the most expensive terrace on that road was £129, 950 for number 133 in May 2005. So the £139K initial price tag was always going to be extremely ambitious for that road.
Next most expensive was number 30, sold for £125, 750 in 2007 (so pretty much the height of the market).
The house itself is somewhat "quirky" looking on the inside - most people wouldn't paint beams pink so unless that really is your taste then you'd be daft to pay over the odds for someone else's taste. And the second bedroom is really small. A quick look on rightmove shows that there are 3 bed semis with gardens in Wallasey for around the same price, so those would look better value to me.
Based purely on the sold data, and allowing for the fact that it is an end terrace rather than a mid-terrace I wouldn't go above £110K. Purely my opinion of course.0 -
Well, the most expensive terrace on that road was £129, 950 for number 133 in May 2005. So the £139K initial price tag was always going to be extremely ambitious for that road.
Next most expensive was number 30, sold for £125, 750 in 2007 (so pretty much the height of the market).
The house itself is somewhat "quirky" looking on the inside - most people wouldn't paint beams pink so unless that really is your taste then you'd be daft to pay over the odds for someone else's taste. And the second bedroom is really small. A quick look on rightmove shows that there are 3 bed semis with gardens in Wallasey for around the same price, so those would look better value to me.
Based purely on the sold data, and allowing for the fact that it is an end terrace rather than a mid-terrace I wouldn't go above £110K. Purely my opinion of course.
Dear Catblue,
Thanks for all that information, I am not very good at searching stuff like that myself.......
Everything inside is finished off to a high standard and its the right size for me.
I made an offer on a house over a year ago, she didnt accept and it is still for sale at the price I offered, glad she didnt cos I decided it was too small.
I knw these people are looking to move quickly as they have there 15 year old grandson living with them now.......
I am just too scared to make a low offer (dont know why) they can only say no......
thanks againSam B0
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