how much to offer

staltimm · 24 July 2011 at 4:56PM

i have viewed a house listed for 205k .....

a similar house very close to the one i viewed has sold for 205k in feb 2011..... except that the sold one has 80 feet garden & a detached garage compared to a 40 ft garden in the one i viewed, there isn't much difference

the house i have seen has a conservatory though.....

given the differences in garage, garden size , conservatory how much do you think is a realistic expectation on this one?

also, i have read a lot of posts on offer price should be 5 to 10% lower than asking price etc..... on a casual chat, i am told that the answer is a big NO if the offer is not at least 190? given the recent sale and the fact that similar houses in the same area have been selling in the 200+ range (source:zoopla), is that a genuine statement? would something like 191 or 192 be a good deal?

thanks in advance

hcb42 · 24 July 2011 at 5:11PM

I would have thought that if one sold for £205, and this has the benefit of a conservatory, then it would be worth a bit more.
than £191K
Of course I havent seen it, only you can decide what it is worth to you in your location.

staltimm · 24 July 2011 at 5:18PM

I feel anything upto 195 is a good deal for this one... but i am reading and hearing a lot about "not getting at least 10% off list price is not a good deal".... i personally dont believe there can be such a standard "buffer" in all list prices.... but looking for advice

wouldn't having a 80 feet garden as compared to 40 feet garden and a detached garage not contribute to the extra price paid for the sold property? Or is garden seen as a liability?

thanks again

geoffky · 24 July 2011 at 5:25PM

Do more research than some would do buying a ipod...go to all the sites available and find out sold prices for the area over the last five years..find out how long house has been on the market ect find out what the local market is like and how long is it taking to sell...most of this imformation is available on

http://www.home.co.uk/ and do more research...i got my house for over 100k less because of the work i had put in researching..DO you have property bee ?

NeverAgain_2 · 24 July 2011 at 5:32PM

Are you buying a house or a deal?

In the grand scheme of things I don't think it's worth faffing about for a possible 'saving'.

Get it bought at a few grand under the asking price and concentrate on enjoying living there.

staltimm · 24 July 2011 at 5:36PM

thanks geoffky.... i do not have propertybee now as for some reason this computer would not let me install.... am getting my personal laptop back in a couple of days and the first thing to do is to install property bee

i have been researching on zoopla, rightmove, findaproperty, propertysnake etc and except for properties needing update or refurbishment, i cannot find anything less than 200k in the nearby area which is ready to move in....

this property has been on the market for 2 months now and price reduced once already.... owners want quick sale as they want to move to a bigger property.....

will check out home.co.uk also in the meantime......

Emmzi · 24 July 2011 at 5:37PM

I would not get hung up on asking price. Some people price realistically, some don't. Offer what you would be happy paying.

brit1234 · 24 July 2011 at 5:42PM

NeverAgain wrote: »

Are you buying a house or a deal?

In the grand scheme of things I don't think it's worth faffing about for a possible 'saving'.

Get it bought at a few grand under the asking price and concentrate on enjoying living there.

Very bad advice :mad:

This site is money saving expert, its aim is to save members money. A house is your most expensive purchase.

As others said do your research and research hard. The reason I say this is that asking prices are a 33% higher than selling prices. Even rightmove has launched a video campaign complaining about asking prices being over inflated.

Last week the Telegraph or Independent recomended buyers to offer 16% below asking price due to this reason.

So maybe £175 -180k

brit1234 · 24 July 2011 at 5:47PM

staltimm wrote: »

thanks geoffky.... i do not have propertybee now as for some reason this computer would not let me install.... am getting my personal laptop back in a couple of days and the first thing to do is to install property bee.

Use this till you get property bee, its called property snake and doesn't need installation.

http://www.propertysnake.co.uk/

WelshNic · 24 July 2011 at 5:49PM

geoffky wrote: »

i got my house for over 100k less because of the work i had put in researching..

Thought your sellers were getting divorced?

That's a bit different than 'doing research' don't you think?

OP listen to Emmzi, don't listen to brit1234, there is no blanket figure you should offer, each house/sale is different, just decide on what you think it's worth

ukcarper · 24 July 2011 at 6:00PM

brit1234 wrote: »

Very bad advice :mad:

This site is money saving expert, its aim is to save members money. A house is your most expensive purchase.

As others said do your research and research hard. The reason I say this is that asking prices are a 33% higher than selling prices. Even rightmove has launched a video campaign complaining about asking prices being over inflated.

Last week the Telegraph or Independent recomended buyers to offer 16% below asking price due to this reason.

So maybe £175 -180k

I'd like a link to selling prices are 33% less than asking prices.

how much to offer

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