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What should I offer on a £271k house?
Prosaic
Posts: 212 Forumite
Been out house-hunting today and found a very nice property - ideal location etc and needs practically nothing doing to it
It's on the market at £271,995
Any idea what would be a sensible offer to make that's likely to be accepted? I'm assuming EA has overvalued by 10-15k
thanks
It's on the market at £271,995
Any idea what would be a sensible offer to make that's likely to be accepted? I'm assuming EA has overvalued by 10-15k
thanks
0
Comments
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Depends on lots of variables (both your circumstance & the local market) you haven't listed, but I'd offer a cheeky bid of 249K in the hope of avoiding the higher rate of stamp duty.I do hope you're telling the truth?0
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Sybarite wrote:Depends on lots of variables (both your circumstance & the local market) you haven't listed, but I'd offer a cheeky bid of 249K in the hope of avoiding the higher rate of stamp duty.
Thanks, Sybarite- not sure they'd take that - hell of a dro. Still, nothing ventured I guess
Top end of my spending range is 270k so wouldn't stretch to the asking price. Houses of this type were around 250k a year ago if that's any guide?0 -
How does that work then where you are? In Scotland it is 'offers over' or 'fixed price' and if offers over usually goes for around 15% over the price
:staradmin:staradmin:staradmin:staradmin:staradmin0 -
True, but you don't know how keen the vendor is to sell do you? Nothing ventured, as they say. It's less than a 10% reduction.I do hope you're telling the truth?0
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The market's dull at the moment.
How much interest has been shown on the house?
If not much, offer the £245KBehind every great man is a good womanBeside this ordinary man is a great woman£2 savings jar - now at £3.42:rotfl:0 -
You can see how much other houses in the same location have gone for at
WWW.nethouseprices.com
It's free and reasonably accurate as far as I know.Saving a house deposit. Member no.7 100% of target
He is your friend, your partner, your defender, your dog.
You are his life, his love, his leader. He will be yours, faithful and true, to the last beat of his heart. You owe it to him to be worthy of such devotion.0 -
What position are you in as well? Have you sold your house or SSTC? The stronger position you are it the more likely you'll be able to get it below the stamp duty threshold. Also as above poster pointed out, check nethouseprices and see how many houses have sold between 250k and 270k, it's not usually too many.
Keep us informed of your progress.0 -
andyyorks wrote:What position are you in as well? Have you sold your house or SSTC? The stronger position you are it the more likely you'll be able to get it below the stamp duty threshold. Also as above poster pointed out, check nethouseprices and see how many houses have sold between 250k and 270k, it's not usually too many.
Keep us informed of your progress.
Our offer is SSTC, so early days yet
Nethouseprices show 2 others went in Aug 2006 for 240k? Seems a lot cheaper - maybe these were 2 bed whereas ours is 3?
I'll call the EA tomrorow & find out how long it's been on the market. Would be lovely to get in under the stamp duty but a 20k drop seems optimistic0 -
you can always increase an offer !!!0
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