Buyers and sellers! What offers have been accepted lately

ds1980

Interested to see what people are getting off a house at present?

Just had an offer of £250k accepted on a house that was on for £258k.

Know that this is only a small amount off and they were never going to get above that cause of stamp, but house was in v popular road and needs work doing....which people are wanting more and more now. think i went in a bit strong but would be interested to see if many people have been giving asking price lately. the way i see it is that its worth £300 k and therefore is undervalued anyway because of the stamp duty threshold.

Is it a buyers or a sellers market now?

Thanks,

fivemice

We've not put an offer in yet, but I think it's a buyers market up here in Nottingham. There are lots of houses in my price range (£120-150K) that have been on the market for 6-12 months.

ollyshaw

If a property has been up for 6-12 months at ~£120k (as are a few I like in my area) what kind of offer do you guys think would be accepted?

Olly

Poppycat

We got 1.5k over the asking price of 111k, but that was last October. There's a few houses recently gone up for sale, but havent been sold as yet, although when we sold ours a few others has sold just before. One house just gone up is up for sale at 107k and looks like its been done up to sell, house looks empty.

I paid full asking price of 149.950k for a 3 bedroom semi in a resonable area not far from where I live now

deb_buffy

we have just had an offer accepted for £98k for a 2 bed terrace.

spunkeyrich

Depends on alot of factors. Location, asking price, what other offers made, price reductions, marketing etc.

good rule of thumb is to offer 5% less than asking price and see what comes back. Always offer less than your prepared to pay as the owner will 99% of the time ask for more. (assuming the agent is any good)

cheers

rich

ds1980

Thanks guys. an idea of price and location we need please.

thanks

MJMum

Had an offer of £305k accepted on a Devon cottage marketed at "offers in the region of" £315k last month.

fivemice

5% less?
I thought most people on here recommended you start with 10-15% less?

reformedspender

We've just had an offer of £213K rejected on an asking price of £225K. Vendor was willing to accept if he could get an offer accepted on the property he is after, but they wouldn't reduce.

spunkeyrich

fivemice it really depends on the local market conditions. I just know that Agents will advise a market price of approx 5% more than what is expected to take into account offers.

cheers

rich