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What should I offer??
aj9648
Posts: 1,388 Forumite
Hi
I bet this question gets asked often enough......sorry
We saw a house the other day and like it and want to put an offer in.
The asking price is £279K but personally think its overvalued. the asking price has gone down from around £320K. The house next door was bought for £265K in Jul 2008 and another house in the street seold for £250K Aug 09 and is a 5 bed house !!!
What would you do?
I bet this question gets asked often enough......sorry
We saw a house the other day and like it and want to put an offer in.
The asking price is £279K but personally think its overvalued. the asking price has gone down from around £320K. The house next door was bought for £265K in Jul 2008 and another house in the street seold for £250K Aug 09 and is a 5 bed house !!!
What would you do?
0
Comments
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How many bedrooms does this property have? If fewer I wouldn't offer a penny more than £225k0
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£250k maximum, due to the stamp duty threshold0
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The property has 4 bedrooms0
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after much debating with the mrs and the advice on here - we started off with an offer of £238K this afternoon and was frankly refused with a big NO !!!
Could anyone advice on any further tactics? Feel like I am taking the pi$$ with going in with offers of £40k below asking !!!!0 -
Ignore the advice about the stamp duty.
No sensible person would accept 29k less in order to save YOU 5k. If the seller is clever, they will simply say if the stamp duty is a problem they will pay the additional 2% for you then you've lost some 0f your bargaining power.
Look at it this way, a football team have tactics based on their own strengths and weaknesses, and, if they have the data, then the oppositions strengths and weaknesses. Only you know your strengths (situation, finance etc.) the market in the region you are looking, but, you don't know the sellers exact position.
So with all that in mind, offer only what you can afford, and only what you think it's worth.0 -
Thanks for your input....I guess its persoanl when you want to set an offer limit and if I was desperate to buy I would have paid the offer price.....Also noticed the house is on at "in the region of" so they are looking close to the asking price I guess !!!0
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