Just put in an offer

Emmzi

bandofbrothers wrote: »

But this was a mistake as offer agreed before the actual viewing {my first time selling} and when they viewed with the e.a, they then came back asking me to drop by 31k. I later found out they wanted to go through the property and fully gut it to change it to their tastes. Thats fine but I was not going to pay for it by accepting such a silly offer, soft or not...lol

31k?? Now *that* is cheeky!

I reckon potential new home just needs carpets cleaned by a pro and magnolia paint all round.

Won't have any money for new furniture and my tatty old stuff will look awful in it

But then, I can change furniture as I go along.. you can't change the house so easily..

jay7_2

Emmzi wrote: »

165, and 170.

I'm just about to start viewing houses after my holiday later this month. I'm a FTB, I've never put an offer on a house but I'd probably start at somewhere in the region of 145 if the house was in a good condition and then gradually increase it to 155 max. There's quite a few houses on the market now with not many buyers so I recon if you're prepared to loose this one and keep looking for similar ones (an perhaps adjust your requirements and expectations) then you might come across a bargain.

But as I said I haven't got much experience so I might be wrong here. Depends on the area and your personal circumstances as well I suppose.

Welshwoofs

jay7 wrote: »

increase it to 155 max. There's quite a few houses on the market now with not many buyers so I recon if you're prepared to loose this one and keep looking for similar ones (an perhaps adjust your requirements and expectations) then you might come across a bargain.

It totally depends on your area. Where I'm buying there are very few properties on the market and lots of people looking to buy, resulting in the properties which do come up selling in a week and people gazumping. Our EA friend there told us about a house which came up last week, it had an offer accepted at full asking within 2 days and then the buyer was gazumped a day later by someone offering £10k over the asking.

Whether the market is up or down, I think the only thing which really counts is knowledge of the local market.

shellstar

I think the offer you put in depends on so much! We accepted £15K under because we'd been on the market so long, had so many sales fall through and just want to MOVE ALREADY. In our area though, most of the others in the same boat as us are now under offer or sold (there was a real resurgence in April - June - everything started selling so quickly).

Now, there aren't that many houses to buy around here, but then not many buyers either. Those that are on haven't been on that long and if or purchase falls through, we know we'd be lucky to get anything for more than £5K less than the asking price.

Base your offer on what you can afford, the local area, what the house is 'worth; to you and if possible, any knowledge you have of the sellers position. If they aren't in any hurry, they won't take a cheeky offer.

Emmzi

jay7 wrote: »

I'm a FTB, I've never put an offer on a house but I'd probably start at somewhere in the region of 145 if the house was in a good condition and then gradually increase it to 155 max. There's quite a few houses on the market now with not many buyers so I recon if you're prepared to loose this one and keep looking for similar ones (an perhaps adjust your requirements and expectations) then you might come across a bargain.

But as I said I haven't got much experience so I might be wrong here. Depends on the area and your personal circumstances as well I suppose.

I'm not a FTB, this is my 3rd. I learned that I, personally, am a lazy mover, I won't fix stuff, and I need a house good to move into after a hoover and maybe a lick of magnolia :-)

For my own sanity, I need to be settled. I'm in temp. accomodation. Having a home, soon, is worth more to me than saving £500 or even £2000.

Horses for courses. I'm just not a mellow person.

Strapped

Emmzi wrote: »

Many thanks!

I wonder if the initial offer is *ever* the final offer (and accepted?)

It sometimes is if you hold your nerve. Once bought a property where the vendors had overpaid (imo) when they bought the place - we viewed and offered, and waited...and waited...and eventually (after a change of agents and two more price drops) they decided our offer looked quite fair after all. I remember the conversation with the EA: "they'll never accept that much, they paid £x", "oh well, they overpaid then". Silence. :rotfl:

ETA: Ooops, just saw that you're not a mellow person. Don't think you'd want to wait as long as we did (about 4 months!) But we were offering at nearly 20% below asking.

Emmzi

the first offer was the final offer...

..and was accepted! woohoo!

now, the dance of bankers, lawyers, EAs and the man at the council with the search results, begins again... I refuse to get excited again this time, not until I have keys!!

Strapped

Congrats and good luck with it all to a smooth completion.

bandofbrothers

Yeah Congrats ,

Now its just the long slog of paperwork, questions and fone calls !

Im in my 12th week and at the stage of the buyer signing his mortgage paperwork with his solicitor.

Contracts to sign, completion date to set and then woo hoo !

cattie

Congratulations! :beer: I'll be round for a glass of wine & a slice of gateau to celebrate as soon as I get my shoes & jacket on. :rotfl: