Offer advice on 300K..can I get under 250?

ukcarper

getmore4less wrote: »

Thats not what the graph tells you.

It say that between £250 and £275 there is a trend to drop the selling price not by the full £25k but some of it.

So upto the extra stamp duty nearly all get sucked down to £250k then there will be a decreasing effect on reductions above that as people share the SDLT and then around £275 it is back to oh well it part of the sale but the effect will be across the board above that just reduces what people can pay.

if you graph the cost/net you will see the effect

Thats the way I see it basically you have to knock off 2% to compensate for extra stamp duty. But the effect of houses that would be worth £260k if no stamp duty selling for £250k pushes the price of that house down which then carries on down. The price will not be pushed down by the full 2% but it will have to be less than the £260k house.

The effect on houses over the SDTH is probably worse than 2% as the stamp duty has to be paid up front and therefore will reduce the number of buyers.

ukcarper

Kayalana99 wrote: »

You guys are giving me a headache. ^_^

I have no idea about property really but if they want say 260k would thier not be a way around stamp duty by paying 10k seperatly?

But like others have said, they can only say no to an offer

I'm not sure there is legally. I think the OP is trying to justify offering £250k but like you say he should just offer.

I really don't get this insult seller bit if i was selling i would just say No i wouldn't feel insulted

harz99

Simple really; OP offers the £250k then gets on with looking at houses within the price range they can sensibly afford.

If in the meantime the £250k offer is accepted, then result! If not (most likely), then time is not being wasted and the OP will have learnt a lesson about realistic offers.

noddynoo

In the current market and through the next months anything up t0 300 is fair game to be knocked down to 250. Nothing selling and I am in a property hotspot. I am looking for something at 250 and have made 9 offers since last sept. All on houses 285-300. All offers refused but 6 of the 9 fell through and were re available to us at 250 8-12 weeks later. Now I think I'll wait until they are 250(which they will) and then i'll offer 240k. The housing bubble is over I think the OP can get it if patient and smart

Strapped

The only way to find out is to offer. Although somehow I doubt it.

Zero_Sum

Kayalana99 wrote: »

You guys are giving me a headache. ^_^

I have no idea about property really but if they want say 260k would thier not be a way around stamp duty by paying 10k seperatly?

But like others have said, they can only say no to an offer

you can buy the fixtures & fittings seperate, however they would have to be worth close to the £10k, or you'd probably get done for tax evasion.

ukcarper

noddynoo wrote: »

In the current market and through the next months anything up t0 300 is fair game to be knocked down to 250. Nothing selling and I am in a property hotspot. I am looking for something at 250 and have made 9 offers since last sept. All on houses 285-300. All offers refused but 6 of the 9 fell through and were re available to us at 250 8-12 weeks later. Now I think I'll wait until they are 250(which they will) and then i'll offer 240k. The housing bubble is over I think the OP can get it if patient and smart

Whose houses were they Big Ears or one of the naughty goblins.

Not so much of a hot hot spot then because houses are selling fairly well where I am.

Contessa

Not so much of a hot hot spot then because houses are selling fairly well where I am.[/QUOTE]

Would you mind telling us whereabouts this is please?

ukcarper

Contessa wrote: »

Not so much of a hot hot spot then because houses are selling fairly well where I am.

Would you mind telling us whereabouts this is please?[/QUOTE]

Surrey

tooldle

I'm in Swansea and I would say it very much depends on the area. In some areas values are holding up well, and there is significant demand.