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Offers over - in England, but what to offer?
Comments
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I was talking to an ea last week who told me they just sold a house priced at 'offers over £200k' for £184k.
This was in a part of the country where sales are really struggling though.0 -
Caveat_Mortgagor wrote: »I was talking to an ea last week who told me they just sold a house priced at 'offers over £200k' for £184k.
This was in a part of the country where sales are really struggling though.
This is a popular city so it unfortunately I don't seem to be quite so lucky!
Is a week enough time to wait before increasing an offer or am I giving away my keenness?0 -
How you play it really depends on how desperate you are to move, and how much you mind not getting this particular house. In my view, it's never good to be desperate to buy, as new (potentially better) opportunities can come along all the time. So, personally speaking, I would never want to be a rushed buyer. If you aren't rushed, you can make very low offers, and leave them to sweat and call you back. At the end of the day, sellers may be desperate, and so they may eventually have to take your low offer. You can only get this good deal if you are prepared to sweat it out.
All up to you though
Rgds0 -
Also, I guess the local housing market conditions comes into it, but in most areas I believe the market is currently stagnant, making it a great time for sellers to place low offers and wait to see what happens.
Rgds0
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