120,00 for a house marketed at 135,00?

BLUEBIE

Hi I have seen a house I like the look of that is being advertised at 135,000. Now according to my house it has been on the market since November 2011, I don't know how reliable that information is. My budget is really 120,000 leaving me with 5,000 for new carpets etc.

What would you offer, shall I just go in and say my only offer is 120,000 or go in even less and negotiate up? Is 120,000 an insult for a house advertised at 135,000?

Also is there a reliable way of seeing how long a house has been on the market or seeing how many hits its had had on rightmove etc?

Thanks

Bee

atppkr

You dont ask you dont get!!

DannyboyMidlands

What have similar houses been selling for recently? What did this one last sell for and when?

On the face of it 11% below asking is nowhere close to being insulting.

If 120k is your limit, I'd go in lower. Say £110k.

BLUEBIE

according to zoopla one like it in the same street sold in May for 126,500.

Is there any other website that gives you these details, I thought I had seen another one, and is there anyway you can see how long it has been on the market for?

Thanks

BLUEBIE

Sorry that was may 2011 by the looks of it

x

LE3

when i bought my house I made one offer - the price I was willing to pay. the estate agent came back with the usual "they were hoping for a bit more than that, nearer the asking price"
My response: "that's ok, my offer stands - it's my final offer. Let me know if they would like to accept it "
The estate agent rang back an hour later to say they would accept it

DannyboyMidlands

There's loads of sites giving different snippets of info. A couple that I use would be:

Zoopla is good for sold prices, also nethouseprice

Propertybee is good for history of a listing, price drops etc.

SuzieSue

I would go in at £115k and expect it to be rejected. I would then say your final offer is £120k and tell them that you will leave it on the table for 7 days.

Or you could do what LE3 did. I think either way is acceptable.

abaxas

Offering 115 on 135 is not taking the michael. Get offering and hope.

Shy bairns get nowt.

jw83113

Hi, if the house has been for sale since Nov2011 and still not sold then the asking price is probably too high so an offer of 115k sounds perfectly reasonable. Whether it is accepted or not will depend on if they have had other offers and how realistic they are about the current housing market. Some people price low, get loads of offers on the table and use that to get a good price, others price high and allow themselves to be bargained down on price. Others price to high and wont accept offers - these people end up not selling at all.

Decide what it is worth to you, and put an offer in, there is nothing to lose.

sirmosh

£125k is going to be a popular amount to offer since it's relatively close to the SDLT threshold. It all depends on the vendor, but offer what you're willing to pay and if they say no then move onto the next property.