How much shall I offer??

scope

If they are desperate I would use that to your advantage.. Just make sure you tell them (again and again) what your position is, and that you can proceed quickly. Tell them your final offer is 204, for 3k I am sure they would give in.. If they really want to sell quickly its time for them to show you this - and accept the offer. Remember most properties have an asking price that most people KNOW they wont achieve.

back2square1

Hi I spoke to my other half and we decided to put offer in at £205k, it was refused the seller apparently will not sell for less than £207k. However they have thrown in dishwasher, curtains, blinds but only if we offer £207k. I have told EA that we will think about it to see if we can stretch to it.

nollag2006

Just hold out - she needs a strong buyer like you more than you need the house.

What is happening to house prices locally ? In my area, Richmond, they are rising by the day, but they are less frantic in other parts of the country. So if the local market is soft, discounting the EA's patter, then you should be OK.

You could tell her this is your final offer, but you're happy to leave it on the table, and are looking at other properties at the weekend, but would really really really love to buy hers

I've tried that tactic successfully before

Doozergirl

diswasher, curtains, blinds worth £2k? I'd still offer less and tell them they can keep the extras. You get great blinds from Ikea for peanuts and I bet they leave the stuff they can't use anyway. I use fittings as a bartering tool but plan to leave many of them anyway...

If you really are talking about £2k being the difference between affordability and financial ruin, then you do need to think hard, because the gap isn't anywhere near that small

macgyver

I am following this thread with great interest as I am also a FTB looking... Have seen a few houses but dont know how much to offer.

I would also think like others and suggest to ffer no more than £205K, preferrable 204K and wait. Dont over-strech your self!!

ashli_2

There will be other houses. Don't overstretch yourself. Offer what you can afford and if they don't bite, move on to the next one.;)

back2square1

I have been on BudgetPlanner and keyed in total current income against very worst case scenario outgoings if we bought this property for £207k. We would be left with £551 in credit every month.

Also I am looking at increasing my hours of work so in the near future this will also give us a bit extra a month. There is definitely no chance of me having a baby whatsoever so I do not have that risk before taking the plunge to buy this house.

BTW I have not contacted EA regarding the £207k being the lowest the seller will accept. I told them yesterday afternoon I will have to look into it and re-asess finances, etc. I thought I would back off a bit just to see if the seller brings anything else to the table.

My only concern is this property has only been back on the market a few days. They have already had 6 viewings from other people, received 1 offer for £210k which was refused due to potentialbuyer not having sold their own property yet. The weekend is upon us and usually this is when people are most likely to view houses and this property could get snapped up. I think I have mentioned before this house is of very high quality and compared to other properties on market for same asking price it is the best one all the others needed a lot of refurb work doing to them plus they were nowhere near as big as this house.

I would really appreciate anyone's opinion on this please

danm

Hi B2S1.

The way i would look at this, its that if you can get the property off the market for £207K, and can afford £205 , then you can afford the 207. Works out at somewhere around £10 p/m i would imagine.

The question is, can you afford the £205 in the first place.

kingkano

danm wrote: »

Hi B2S1.

The way i would look at this, its that if you can get the property off the market for £207K, and can afford £205 , then you can afford the 207. Works out at somewhere around £10 p/m i would imagine.

The question is, can you afford the £205 in the first place.

Im not sure why people are so blase soemtimes. No offence to you, but maybe they cant get that on a mortgage and hence it means they actually need the 2k, not £10pm

Doozergirl

You mean after all necessary outgoings (bills, food, council tax etc) you could potentially afford to put £551 in a savings bank each month?

It doesn't sound too bad to me but I suppose it depends on what you earn in the first place! If you did put that money away each month, you could build up a bit of a safety net.