FTB - How much is "no chain" worth?

fiji_dave

Afternoon,

on average, what sort of discount/price redution would people be prepared to acccept (as a seller) or hope to receive (as a buyer) if they are in a position of being a first time buyer, no chain, finances arranged?

I know the amount would probably vary depending on the sellers position. (in my case i believe they have already found a place), but I'm trying to guage how much of an advantage it is.

Would most people be prepared to knock 2k off their expected price? 3k? 5k? more? less?

cheers
Dave

MJMum

I think it depends partly on the property ie some property is "typical FTB" property, so you are unlikely to have that much of an edge, but if you are buying a more expensive property, that would "normally" be in a chain, then I'd say you are pretty desirable. Personally, if I had two competing offers on say a £300k house, and the FTBer's offer was £5k less, then so long as he still looked credible ie finances agreed in principle etc, I would accept the FTB's offer.