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scottish buyers help please
smegy9
Posts: 45 Forumite
looking at flats in edinburgh at the moment all around the 85-96 k mark. What i want to know is what percentage of a mark up on the offers over should i go to and whats usually realistic.
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Comments
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It's impossible to know, a friend of mine (a few years ago) missed out on a flat that went for 80% over the o/o price. That's the most extreme I heard, my folks got 30% over on their house when they sold (two offers within 0.25% of each other, slight suspicious I thought). Nothing on the market at fixed price?
I guess you're just going to have to rely on your solicitor or surveyor to tell you how much to spend."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
What area is it in and I'll give you a rough estimate.0
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Hi Smegy
Your mileage may vary, but I think the first thing to consider is - how much are you willing to spend on your dream place? If it goes to a closing date then it may be a case of offering as much as you can realistically afford, especially in the buoyant Edinburgh market.
If it doesn't go to a closing date and you're happy to negotiate then your solicitor will be able to advise. I started at 15% over after a bit of research into what comparable properties had sold for and some advice from my sols although I laughed when they suggested this (and I'm further north than you). In the end the winning bid for the place I was interested in was in excess of 20% over the 'offers over' - and whilst I loved the house, there's no way I wanted to spend that kind of money for what it was. Good luck.0 -
If you know the postcode then you can check http://www.nethouseprices.com/ which is free to use.0
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