Buying First house

Lee0407

After a few inputs on my current situation.

We are currently looking into a house with states offers over 139,000. We been watching the house over the last few months while we been saving money to reach a good deposit for a first time buyer.

Anyway the house was sold but fell through, so it's back on the market again.
Do you think there is a good chance off getting the house cheaper and what opening offer would you consider??

Thanks Lee

hazyjo

Which part of UK are you in? England?

Without knowing what the other offer was, you'll never know if you're getting it cheaper.

Generally, offers over isn't liked (unless Scotland where they're kinda used to it). Many will accept offers under the lowest price quoted, but there have been threads on here recently where the sellers are looking for an offer much higher than their lowest quoted price.

All you can do is check out the recently sold prices of similar properties and offer what you think it's worth. Expect to increase your offer - unless you make it very clear it's your one and only offer. Usually, people expect to negotiate.

Jx

Lee0407

thank you, I live in the north west. The house itself is a unquie house on the road and no others are like it. All i know it was last sold in jan 2003 for 95000.

Lee

jonny_power

I assume you've viewed it a few times. Have a look on Zoopla for what other houses are going for. Make a low offer about £10k below what you're willing to pay for it, and use Zoopla to say that other houses have gone for the same/less so your offer is fair. If they say no then give it a few days then go up a little bit.

First_Time_Buyer_Guru

Hi Lee407

It's very important that you find out why the sale fell through. It sounds like a good property, but make sure you're not about to waste your time. You can certainly offer below the OIRO figures, and should! As a first time buyer this is your first any one opportunity to take advantage of not being in a chain.

Good luck!