what to offer?

pedro789

Bit inexperienced on this so any advice appereciated. I viewed a property over the weekend, which we really liked.

It's up for £190,000 but agent says the vendor is willing to listen to offers.

I could only afford £170,000 and realistically it's probably worth a bit more than this £180-182,000 at least.

Any advice on how/if I should pursue this or just accept it's out of the price range. I don't know exactly the vendor's circumstances and how keen they are to sell but with the market as it is, they may be prepared to negotiatiate.

However I'm ready to go straight away - deposit and mortgage all lined up and no chain, so could move pretty quickly.

Thanks.

[Deleted User]

You make them an offer (based on what you can afford, what you think it's worth, what other properties are selling for etc). Tell them you're chain free, ready to move and see what they say.

The worst they can say is no. Putting in a low offer is no longer an imprisonable offence!

Adem_3

If £170,000 is all you can afford then that's what I would offer. Make the most of your ability to complete the deal straight away and how you have no chain etc.

If there are others interested and they put in higher offers then don't try and stretch yourself. It's a buyers market and there are plenty of other properties on the market.