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

ukcarper

noddynoo wrote: »

It has always been a hotspot I know this as I work in property and it has been fuelled by London buyers for years

All I can say is that if property is not selling now it's not a hotspot now.

As I said property is selling where I am and if the property is good and the price realistic it is selling very quickly. As I've said the less desirable properties or those that are overpriced do not sell.

ukcarper

DRP wrote: »

Conversely, I would encourage the OP to double his efforts - unless you give it a go, you really don't know which vendors are desperate enough to (eventually) accept apparently 'cheeky' offers.

Although I don't agree that no house is worth between the SDTH and £275k I think he should make an offer as you say they might accept the worse they can do is say no.

chewmylegoff

marshall666 wrote: »

I have to say I resent this comment. We can quite comfortably afford to pay the asking price (and you are not the only one to suggest we can't, so don't take it personally), but I happen to have a problem with paying the govt an extra 6K for literally doing nothing. I mean - this tax originates from the cost of stamping a document- (except the modern version SDLT no longer requires the stamp!) - !!!!!!!!!

Being first time buyers we have worked hard to get our deposit + fees + doing up dosh together and I don't think it's that batshit crazy to want to protect our doing up dosh if possible.

it doesn't really matter what the reasons for your budget being capped at £250k are - the fact is that you are not going to pay more than £250k and so it makes no difference whether that is because of your budget or your refusal to pay stamp duty at the higher rate.

if you want to buy a house that is marketed for £300k but you are only prepared to pay £250k, then your best bet is to do what that poster suggested - offer £250k on this one and then get on with looking at others. you are likely going to have to offer on a lot of houses marketed at £300k to find the seller who is prepared to drop to £250k.

minghis

Money talks - make the offer and make it clear it's a proceedable offer (if it is, sorry haven't read the whole thread).

noddynoo

ukcarper wrote: »

All I can say is that if property is not selling now it's not a hotspot now.

As I said property is selling where I am and if the property is good and the price realistic it is selling very quickly. As I've said the less desirable properties or those that are overpriced do not sell.

Everything is over priced everywhere. The show is over

ukcarper

noddynoo wrote: »

Everything is over priced everywhere. The show is over

What show is that

zaksmum

In my experience vendors are still deluded. I'm immediately proceedable and have made a few offers over the last couple of years at 5% below asking price, all on properties that had been on the market for over a year.

In every case my offer was rejected and all the properties remain unsold.

All priced around 200K. In one case the vendor reduced the property after he rejected my offer, from 220K to 205K. My rejected offer was 200K and he insisted the 205K was fixed price.

ukcarper

zaksmum wrote: »

In my experience vendors are still deluded. I'm immediately proceedable and have made a few offers over the last couple of years at 5% below asking price, all on properties that had been on the market for over a year.

In every case my offer was rejected and all the properties remain unsold.

All priced around 200K. In one case the vendor reduced the property after he rejected my offer, from 220K to 205K. My rejected offer was 200K and he insisted the 205K was fixed price.

It could be they are not in a position to accept the lower price.

missile

zaksmum wrote: »

In my experience vendors are still deluded. I'm immediately proceedable and have made a few offers over the last couple of years at 5% below asking price, all on properties that had been on the market for over a year.

In every case my offer was rejected and all the properties remain unsold.

All priced around 200K. In one case the vendor reduced the property after he rejected my offer, from 220K to 205K. My rejected offer was 200K and he insisted the 205K was fixed price.

Could it be you are deluded?
It seems these vendors are not desperate to sell at what they believe to be below market value.

minghis

And all of this is clouded by the fact that most house sales/purchases are based on emotion and rightly so as it's your home.

If you can remove the emotion and just treat it as a purchase then it will be easier. As the saying goes, it is what it is.