What would you offer?

mrsw1983

Hiya, I found a house last night that I (and my hubby!) love! It's on for £197,500, and needs nothing doing to it. The vendors have already purchased a new property that they are working on so there would be no chain. It's right at the top of our budget, so were thinkng of going in with £184,000 as a starting point? Opinion? Thanks x:j

BASFORDLAD

Right let me look in to my crystal ball, as ive no idea what the property looks like or where it is.

mrsw1983

BASFORDLAD wrote: »

Right let me look in to my crystal ball, as ive no idea what the property looks like or where it is.

When you've looked into your crystal ball, then please feel free to get back to me

youngie

I think that is a good starting price but don't expect them to accept it if you are really keen on the place be prepared to raise your offer slowly perhaps by 1,000 a time but don't rush in to quick with new offer don't want to seem to keen unless they have any other offers

pawpurrs

On the face of it its not a bad offer. But the things to ask are is it on for a reasonable asking price compared to other properties? How long has it been on the market? Remember you can allways go up, but you cant really go down. Those that start lower normally achieve a lower agreed price, first offers are rarely accepeted unless its close to asking.

mrsw1983

pawpurrs wrote: »

On the face of it its not a bad offer. But the things to ask are is it on for a reasonable asking price compared to other properties? How long has it been on the market? Remember you can allways go up, but you cant really go down. Those that start lower normally achieve a lower agreed price, first offers are rarely accepeted unless its close to asking.

Thanks Pawpurrs, we are more than willing to increase the offer, like you say wanted to start low with the hope to agree a lower final price. I don't THINK there are any other offers on the table. Going to talk to my EA and see if they can do some fishing!

youngie

why not look on something like housepricespy.com to see what properties are making in that area

poppy10_2

Post a RM link, or we're all working blind

mrsw1983

http://www.rightmove.co.uk/property-for-sale/property-26867381.html?locationIdentifier=REGION%5E9084&insId=1&minPrice=190000&maxPrice=200000&minBedrooms=3&pageNumber=1&fromSummary=true&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DREGION%255E9084%26insId%3D1%26radius%3D0.0%26displayPropertyType%3D%26minBedrooms%3D3%26maxBedrooms%3D%26minPrice%3D190000%26maxPrice%3D200000%26retirement%3D%26partBuyPartRent%3D%26maxDaysSinceAdded%3D%26_includeSSTC%3Don%26sortByPriceDescending%3D%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26newHome%3D%26auction%3Dfalse%26x%3D101%26y%3D9

mrsw1983

*update* the vendor declined £183,000 saying they are looking to get 'quite close to the asking price'
Is this what everyone says just to try and get the best price and should I hold my nerve and go up 1k by 1k?

poppy10_2

Hmm... how about this house on the same street, admittedly doesn't look quite as plush, but has an extra bedroom and is £2,500 cheaper:

http://www.rightmove.co.uk/property-for-sale/property-13600248.html

Or this house, less than half a mile away, and with an extra two bedrooms, for around the same price:

http://www.rightmove.co.uk/property-for-sale/property-24783308.html