opinions please!!

baz01

hi,

thanks for the interest.

i have decided to hold out until today in submitting the next offer.

think i might try and give him an ultimatum. maybe that i am interested in another house also, so dont want to be hanging around.

any thoughts?

BitterAndTwisted

Giving an ultimatum is risky and possibly not particularly fair. It all depends on how much you want this property at what price and how good you are at poker.

baz01

well what do you think I should do? offer currently stands at £145.

any advise

Fire_Fox

Ultimatums are a peurile way to proceed: hold off for a few more days.

SPOTTEDCUP

if you think its worth the 150k but ur just trying to get a bargain
offer the 150k asking price, get the offer excepted then knock some off after the suryers report
would of thought you could knock a couple of thousand off then

BitterAndTwisted

baz01 wrote: »

Well, what do you think I should do? Offer currently stands at £145.

Any advice?

I think you should wait for the seller's response to your offer, then make another, slightly increased offer after waiting 48 hours. Poker, my friend. It's all a poker game but if you DO WANT this property you might risk losing it if you fanny about.

delmar39

If it was valued at £180k plus then £150k is a good deal. Why don't you offer £150k? £5k on a mortgage on top of you £145k first offer won't cost you a lot. Same old question - how much do you want it? If you want to be celebrating an accepted offer sooner rather than later then go in with what he wants and what you can afford. Otherwise, walk away.

baz01

i cant just offer the asking price as he says he will only take that if he is desperate. is he playing a game or not?

baz01

delmar39 wrote: »

If it was valued at £180k plus then £150k is a good deal. Why don't you offer £150k? £5k on a mortgage on top of you £145k first offer won't cost you a lot. Same old question - how much do you want it? If you want to be celebrating an accepted offer sooner rather than later then go in with what he wants and what you can afford. Otherwise, walk away.

but why would i offer 150k if im the first offer on the house in 8 months?

i want it lots!!!

aaarrrhhh!

telfordwhite

From the perspective of a seller:

He will see your opening bid as just that, an opener. He doesn't know where you are going to go from here so it is really important you get the psychology right.

If you go up 2k he will think there's more to come, expecting you then to go up another 1 or even 2k next time.

If however you go up by 500 quid, it will put a huge doubt in his mind. He will be thinking that it may well be his lot or a further 500 quid max.

Bear in mind, if this is his first offer in 8 months he will be getting excited as he knows he can sell and get on with his life...even if it is for 4 or 5k less than would be ideal.

Trust me I've been where he is.

If however you can afford the asking price, how will you feel if you do lose out to someone else, will you be devastated or can you live with it?