Is this a reasonable offer ?

Babiesmummy_2

Bovis homes have offered £180,00 for our house in part exchange. The 3 valuations we had were £190,000, £190,000-£195,000 & £229,000.

They have offered a £5,000 reduction in the house price of £249,995 down to £245,000 without us asking and have also included carpets and turf.
(in the small print it does specify a minimum of 25% difference between the house we are selling and buying)

I have told them if they also include a house alarm and pay stamp duty they have a deal.

Does anyone think this is reaonable or should I have negotiated more. I am waiting for a call back to confirm the offer.

sciencegeek

there is no stamp duty to pay in any case. perhaps ask for a bit more off.

Babiesmummy_2

I am not a first time buyer !

Batchy

are you serious... you should be demanding a better deal... at least 10% off really

could it really be worth 230k? is it not worth holding out?

in my estimations, your losing 10k on your house price, and probably paying a new house premium for your new house.

if your happy and can afford it, there is no harm really! go for it!

Just think what it would cost for a
re-wire 5k
new decor 3k
new carpets 5k
new kitchen 10k
new bathrooms 7k
new heating 5k
new windows 5k
plus saving a whole load in solicitors fees, removals (they can pay for that too)
then it makes it easier to swallow

sciencegeek

apologies id missed that crucial bit of info! would still go for a bit more off though

Babiesmummy_2

It isn't worth £230k we would have expected to sell for £185,00, so we think £180,000 is a reasonable offer.
I thought because of the 25% difference between buying and selling we wouldn't be able to negotiate much more.

Pee

If it says in the contract that 25% then, no, I shouldn't think it will be possible. Either you can afford it and you want it, and then you should go for it, or you can't...

Babiesmummy_2

We can afford it and more but don't want to pay over the odds.