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How much to offer?

2»

Comments

  • ftb-soon
    ftb-soon Posts: 17 Forumite
    That's what I intend on doing. Made that clear to estate agents that I have a figure in my head that is my max, but didn't tell them.
  • SandC
    SandC Posts: 3,929 Forumite
    Part of the Furniture 1,000 Posts
    I too would stand firm, see what they come back with (bet it's pretty much asking price).

    I could say the same about my area with regard to house prices - but fact of the matter is that nothing is selling - that's because the house prices haven't come down enough for buyers to want to. I live in a street like many others around me - standard 2-up, 2-down terraces built at the turn of last century. Whereas you would always see a couple on each street up for sale, for a short time, you now see the odd one up for sale but two or three up for Let. So owners don't want to lower their prices but buyers aren't having it so that is the only option for the time being. Sounds similar in your area.
  • ftb-soon
    ftb-soon Posts: 17 Forumite
    Sellers have come back and said they'd like to get 92k for it. Max I wanna pay is 90, what do you do?
  • dawyldthing
    dawyldthing Posts: 3,438 Forumite
    i would tell them that 90k is my final offer and stipulate any terms that you want with it, but at the end of the day it is your money that you are spending out, and i think they are just being greedy. How much are the rest of the houses going for in the area?
    :T:T :beer: :beer::beer::beer: to the lil one :) :beer::beer::beer:
  • offer 87,750 - say you really can't see it going for any more in the current climate and that you're a ftb with no chain and finance in place.
  • Radiantsoul
    Radiantsoul Posts: 2,096 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You could wait a week or so and resubmit your offer.
    If you really want the place you could raise your offer to £90,500 and state that is your absolute highest offer and if that fails walk away.
  • shane42
    shane42 Posts: 293 Forumite
    £90k for a house! lucky thing, i cant find a studio in my town for that
  • purcel
    purcel Posts: 1,568 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Same here, a decent house in a decent area is over £150 000.
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