1st time buyer in England

jillybairn

Have bought and sold a few places in Scotland in the past and new more or less exactly what to offer.

Now living in Reading looking to buy a place down here and have no idea how much under the asking price to go.

Im a short term rental so no chain and a bit of a deposit so mortgage not a problem

Any tips guys ?

not_loaded

My tip would be to keep reading here and absorb information from some of the scenarios that crop up. (there is of course plenty of history to read)

It’s impossible to say how much under the asking price to go. If it’s priced to sell in a reasonably desirable area you’d have to almost certainly offer asking. If it’s the same but hugely overpriced, then your ‘homework’ will tell you what to do.

There’s no magic formula unfortunately. Good luck!

princeofpounds

Main difference is that here acceptance of an offer is not binding, unlike in Scotland. So you can spend money on a survey for nothing. Read up about the offer, exchange and completion process.