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what to offer?
whitesatin
Posts: 2,102 Forumite
At this point, I don't want to post a link but just wondered if anyone has any thoughts.
We have seen a house that we like, well it probably gets seven and a half out of ten, but, compared to most we have seen that we can afford, that is a high score.
Anyway, it has been on the market for a few weeks and has been reduced from £375k to offers in excess of £325k since last week. It is detached and has off street parking for two but has permit parking other than that. It is close to a hospital, a mile and a half from the station with quick links from there to Euston. It is less than ten minutes walk to a shopping centre of some size. The owners are keen to sell for personal reasons although have not started looking till they get an offer on theirs.
We don't want to pay more than their asking price and would like to offer fifteen thousand less than that but wonder if that is too low given that they have just reduced it. We are cash buyers and had to reduce ours from the original £375k to our final price of £308k to get a sale at that price. Paying £325k would take around half of our savings and we are both retired now, albeit early, but don't want to take out a mortgage.
We have seen a house that we like, well it probably gets seven and a half out of ten, but, compared to most we have seen that we can afford, that is a high score.
Anyway, it has been on the market for a few weeks and has been reduced from £375k to offers in excess of £325k since last week. It is detached and has off street parking for two but has permit parking other than that. It is close to a hospital, a mile and a half from the station with quick links from there to Euston. It is less than ten minutes walk to a shopping centre of some size. The owners are keen to sell for personal reasons although have not started looking till they get an offer on theirs.
We don't want to pay more than their asking price and would like to offer fifteen thousand less than that but wonder if that is too low given that they have just reduced it. We are cash buyers and had to reduce ours from the original £375k to our final price of £308k to get a sale at that price. Paying £325k would take around half of our savings and we are both retired now, albeit early, but don't want to take out a mortgage.
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Comments
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Only YOU can decide what you want to offer. Are you actually cash buyers (cash sitting in the bank) or are you cash from sale as this will make a big difference to your offer status.Estate Agent, Web Designer & All Round Geek!0
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We are actually cash buyers as we sold our last month and have moved in with relatives. We keep reading about falling prices and certainly get emails showing reductions from the estate agents but they never seem to be the properties we have our eyes on.
That is the trouble with Hertfordshire, too close to London to get a bargain.0 -
whitesatin wrote: »We are actually cash buyers as we sold our last month and have moved in with relatives. We keep reading about falling prices and certainly get emails showing reductions from the estate agents but they never seem to be the properties we have our eyes on.
That is the trouble with Hertfordshire, too close to London to get a bargain.
Totally agree with the last statement, we are looking in Hertfordshire tooWas a 40 a day smoker for 20 years.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.0 -
Bit difficult to advise without a link, but £325k for a detached within commuting distance of London sounds like fair value to me. Offering £15k less as an opening offer, as you are cash buyers, also seems sensible.0
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