Dazed & Confused FTB looking to place an offer?

ray123

A new property has come onto the market which ticks the majority of boxes for us. EA has informed me that the vendor is looking for a quick sale and the house has been priced accordingly.

We had an offer turned down on a house in same area and are scared of losing this house. Should we offer 250k or would it be advisable to try and make a deal (considering the fact that there will be a lot of work to do).

http://www.rightmove.co.uk/property-for-sale/property-18038643.html?backListLink=%2Fproperty-for-sale%2Fmap.html%3FlocationIdentifier%3DOUTCODE%255E2387%26insId%3D1%23_includeSSTC%3Don%26auction%3Dfalse%26displayPropertyType%3Dhouses%26locationIdentifier%3DSTATION%255E8924%26maxBedrooms%3D3%26maxPrice%3D280000%26oldDisplayPropertyType%3Dhouses%26previousSearchLocation%3DBromley%26radius%3D0.25%26searchLocation%3DSutton%2520Common%2520Station%26searchType%3DSALE%26useLocationIdentifier%3Dtrue%26box%3D-0.21080%2C-0.18205%2C51.36873%2C51.38134%26popupPropertyId%3D18038643%26mapType%3DMap&fromMap=true

House is priced between 250k-280k.

Any advice provided will be greatly appreciated!

Ray

DVardysShadow

ray123 wrote: »

We had an offer turned down on a house in same area and are scared of losing this house.

Fear is expensive.

ray123

DVardysShadow wrote: »

Fear is expensive.

Will the estate agent use this against us? The EA seems v nice and is an extremely friendly chap!

DVardysShadow

ray123 wrote: »

Will the estate agent use this against us? The EA seems v nice and is an extremely friendly chap!

The nice and friendly EA's are probably more effective at using fear against you.

AnnaV

ray123 wrote: »

Will the estate agent use this against us? The EA seems v nice and is an extremely friendly chap!

So was the little snake who convinced Eve to munch that apple

motherofstudents

It looks like a lovely house. It will need quite a bit of money spending on it so you want to get it for as little as possible. Don't be scared, just offer a bit lower than you want to pay then you can get back to them with your final offer and they can take it or leave it. Bear in mind the stamp duty threshold.

ray123

What should my initial offer be?

AnnaV

ray123 wrote: »

What should my initial offer be?

How much do you think the house is worth, based on selling prices of similar properties in the area? How much can you afford to spend?

CloudCuckooLand

Last one sold for £232k. http://www.houseprices.co.uk/e.php?q=ashleigh+gardens+sutton&n=50

How does No 39 compare to your one?



http://www.rightmove.co.uk/house-value.html?searchLocation=SM13EL&displayPropertyType=&bedrooms=&radius=0.0&sellersPriceGuide=Update+results

SpeedSouth

This link shows that they were asking for over £250k for 39 as well originally. From the pics it looks like a similar state of repair, sound but old. Maybe a bit smaller as it looks like "yours" has been extended maybe a bit, and has bay windows.

http://www.zoopla.co.uk/property-history/39-ashleigh-gardens/sutton/sm1-3el/12469189

You have to assume they were fairly motivated to sell though, as it was only 3 months from offers over to sold for £232k.

CloudCuckooLand

adam81 wrote: »

This link shows that they were asking for over £250k for 39 as well originally. From the pics it looks like a similar state of repair, sound but old. Maybe a bit smaller as it looks like "yours" has been extended maybe a bit, and has bay windows.

http://www.zoopla.co.uk/property-history/39-ashleigh-gardens/sutton/sm1-3el/12469189

You have to assume they were fairly motivated to sell though, as it was only 3 months from offers over to sold for £232k.

Well found...

OP's one looks equally date as that one...size may be the only difference.

Perhaps, like 39, its an old person no longer there, family want rid to fund care etc...?

Do your homework OP. Find out the reason for sale.