FTB - Advice on what offer too make?

gb26

Well after viewing about 15 houses we have found our favourite. It's a 2 bed-semi, 2 receptions and a decent sized kitchen and garden. The house is in good condition, windows double-glazed, decorated to a good standard.

It won't let me post the whole link as i'm a new user but its

rightmove.co.uk/property-for-sale/property-27487099.html

with the www. before it

It was initially on at £154,000 and it's been on the market since September, the vendor said she had only had a few viewings since it was on and it had been quiet.

I have looked at sold prices, the problem being Station Road has a large number of different properties all down it, this is number 246, 276 went for £150K October 2009. However I cannot be 100% sure this hasn't been extended more, the last price for 246 is £55K in 2000.

I have bought the deeds of the house, and it states that the house was bought in August this year for £155K without a mortgage. I am confused because the vendor advised they had been renting it until July (they live elsewhere) so am not sure why the house has a transaction recorded in August? an inheritence perhaps?

Anyway, we were thinking of bidding at £135K to start with, then eventually move up to £140K as our final offer, after seeing they paid £155K in just August, am I day-dreaming to think they'll take £140K??

I would be grateful for any comments

geoffky

I WOULD go in at 130k and see what the response is....paying too much is very painful and if they want to move a house is only worth what a buyer will pay...do not sound keen or let anyone know you have falling in love with it as you will pay for it,,,play it very cool..if they reject wait and wait so the seller panics and not you...ask to see other houses on with the same agent to let them think you are not that interested and your bargaining powers are so much greater.



here is the link http://www.rightmove.co.uk/property-for-sale/property-27487099.html