Increased Offer Advice

scottishgirl87

Ok, we offered £125,000 on a property that has been valued at £150,000 in the Home Report (Scotland) which got declined but the seller has came back to our solicitor saying they will accept £130k. Ideally when buying we wanted to avoid Stamp Duty but we quite like this place so could/are prepared to break that.

Now, would you go back and say deal at £130k or would you try something like £128k first? Some family members are saying try £128k first but I'm not sure if it's just delaying the inevitable.

scottishgirl87

Should also add they want a movein date of end of January and we are FTBers who are good to go.

moneyistooshorttomention

Crikey ....must be one of those "racing to the bottom" house price areas.

Me personally - ummm....well I would have offered somewhere between £140,000 and £145,000 - as it has been valued at £150,000.

<knows I might be in the minority there - but you asked what we personally would offer>

motherofstudents

If you offer 128k and they say no, you can go back with a final offer of 130k. They might agree in which case you have saved £2k. If you go in at 130 you'll never know.

ziggy2004

moneyistooshorttomention wrote: »

Crikey ....must be one of those "racing to the bottom" house price areas.

Me personally - ummm....well I would have offered somewhere between £140,000 and £145,000 - as it has been valued at £150,000.

<knows I might be in the minority there - but you asked what we personally would offer>

Why would you offer 140-145 after being told they would accept 130 :eek:

I would offer 128 as you can always go up :money:

kidmugsy

Offer £124999.

moneyistooshorttomention

ziggy2004 wrote: »

Why would you offer 140-145 after being told they would accept 130 :eek:

I would offer 128 as you can always go up :money:

Perhaps I should have phrased it differently - as in "I would have offered that 140-145 in the first place, because its worth that" - followed by "But, in your position, as they've already been daft enough to say they'd accept £130k, then nope...dont offer £128k. Guess you'd better say £130k - they've already lost £20,000 by their own daft doings saying £130k. Don't rub their nose in it".

Mickygg

Defo go in lower than £130k. When selling mine I foolishly gave a lowest price to accept and the buyers came in below this which I reluctantly accepted.As above if they rejct, go to 130k as final offer and you won't have lost anything by trying.

Cara79

The house we are buying we offered 220, they said they'd take 230. We met in the middle at 225.

I'd try 128k if ur happy to go over the stamp duty threshold; otherwise stick to ur guns

scottishgirl87

Cara79 wrote: »

The house we are buying we offered 220, they said they'd take 230. We met in the middle at 225.

I'd try 128k if ur happy to go over the stamp duty threshold; otherwise stick to ur guns

Thanks all. Yeah, as above though we're also debating whether to hold fire as if they become even more desperate to sell then they could come back to us in a couple of weeks and accept our offer. It's a risk as someone else could pip us to the post!

Decisions, decisions!