What would you offer?

mrsw1983

poppy10 wrote: »

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

We viewed the first one, and didn't like it and being at the top of the budget needed a new kitchen etc which we couldn't afford.
Second one is SSTC

pawpurrs

mrsw1983 wrote: »

*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?

I know a lot of people here recommend going up in 1k instalments, but as a vendor and as a agent my experience is that this just annoys people on the whole. If it was near there price they would accept they would have accepted it, however based on poppys findings perhaps its a tad overpriced? You could try 1k more and see what they say? Depends what you are prepared to go up to?

mrsw1983

I think I'm going to go back with £185,950...£2,950 more than last

new_home_owner_3

mrsw1983 wrote: »

We viewed the first one, and didn't like it and being at the top of the budget needed a new kitchen etc which we couldn't afford.
Second one is SSTC

you say they are both top of your budget maybe if you offer 183000 for the second one that needs a new kitchen and if you get it at the right price you can have a new kitchen fitted.

the last semi to sell down this road was 2008 and it sold for 208,000 pound so i dont think you will get the first one for anything less than 190,000 and that still depends on how many other viewers they have had, they may have had offers higher than yours already.

I personally think you have gone in too low as a starting bid, and to now go up a 1000 pound a time is going to drag it out especailly if you are going to up it every few days.

Say you up it a 1000 pound every 3 days, to get to 190,000 wihich i think is where you should have started will take you 21 days, and whilst you are messing about going up in 1000's other people will still be looking.

Oh and ive just noticed the more expensive has no driveway for you to park your car if you have one, and its as a shared drive i would avoid just for that reason alone, but thats a personal choice.

JamesBlue_3

theartfullodger wrote: »

£181.7k

Cheers!

If you are looking for a quick home sale then you could sell your house for £170k

Lodger

Or if you are not looking for a quick home sale then try putting it up for £190k and try your luck!

James

Arthritic_Toe

Its all about psychology and what you are prepared to pay. Its the agent's job (on behalf of the seller) to figure out how high you will go and get you to that maximum figure. He (or she) will be reading your every move, assessing whether there are any more increases to be got out of you. He will then advise the seller whether he thinks you will go higher.

To have any chance of having the offer accepted, you must make the offer sound like your absolute and final price. Raising by a thousand every few days is just pointless. They will just sit back and wait until you reach the asking price.

There is no hurry. If you're too quick with a raised offer it is an indication that there will be more to follow. Don't let anyone tell you that you must buy now or miss out. The recent rises will not continue far into next year, and may have significantly further to fall.

mrsw1983

So the vendors have rejected 185,950. We are willing to pay more so should I go straight back with 190 (there ea said they wouldn't look at anything under this) or leave it until tomorrow? Don't want to seem over keen, but really like this place!

overandout_2

I think you should leave it for now.....let them stew on it for a couple of days. Then offer your maximum and be prepared to walk away.

You need to know what your top maximum budget it and once you offer that and let them know this is as far as you can, all you can do is sit and wait.

mrsw1983

Hi All, a very small update, and again advice required!
We decided the contact the vendors directly (rightly or wrongly, I don't know) on Friday regarding what they would accept, and received a reply on Monday saying that as they were not in a rush to move that the lowest they would initially accept would be £195k, however upon receipt of our email the lowest they would accpet, as this time would be £192k.
We're going back today to look at it, but I don't know whether to offer the £192k (house is on for £197.5k) that they say is the minimum or go lower on the assumption that they are 'playing the gmae'? Obviously don't want to alienate them if £192 really is the lowest!

Thank-You.

laughingcow81

Are you willing to pay £192k for the house? That's the crucial question.

You asked them the question about how much they wanted and they told you.

If you want the house, offer £192k and they should accept.