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Perhaps a silly question about offers over
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lmille38
Posts: 51 Forumite
Hopefully someone can answer my questions. We are currently looking into buying our 1st home but I need some advice on the Scottish offers over system.
Is it still the case in this current climate that you need to add 15~20% on top of the offers over price? Or can you actually offer less than that?
For example a property Is on the market for offers over £125,000, what should I be expecting to pay?
Sorry if these seem like silly questions, thanks in advance.
Leigh
Is it still the case in this current climate that you need to add 15~20% on top of the offers over price? Or can you actually offer less than that?
For example a property Is on the market for offers over £125,000, what should I be expecting to pay?
Sorry if these seem like silly questions, thanks in advance.
Leigh
Nurse with an empty purse!
0
Comments
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Every property is different. You should generally offer what you are prepared to pay.I am an Independent Financial AdviserYou should note that this site doesn't check my status as an Independent Financial Adviser, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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I am not fully conversant with the Scottish system, but presumably when they say offers over, that is just an indication of the sort of price they are looking for? So even if you were to offer £115k, they would say no, and you could go back again and again, till you agree a price?I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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