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Advice on opening offer
spykey_uk
Posts: 355 Forumite
I would be really grateful for some advice. We are first time buyers with an agreement in principle to purchase a property at £145,000. We have £21,750 as a deposit and the rest will be met by a mortgage (already approved).
We have seen a property that we love for £149,995 but are just trying to decide where to pitch our opening offer. They have sold once before but it fell through (the estate agent who showed us around didn't know why but is going to find out). The property has been relisted since Jan 2013.
Does anyone have any advice on where to pitch an opening offer? I literally have no idea where to start! :rotfl:
We have seen a property that we love for £149,995 but are just trying to decide where to pitch our opening offer. They have sold once before but it fell through (the estate agent who showed us around didn't know why but is going to find out). The property has been relisted since Jan 2013.
Does anyone have any advice on where to pitch an opening offer? I literally have no idea where to start! :rotfl:
Mortgage when started (Dec 2013): £157,272.50
Current mortgage (date): £156,885.56
Mortgage free day: Dec 2043
Current mortgage (date): £156,885.56
Mortgage free day: Dec 2043
0
Comments
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I would try 140k if it was me...depends how much it's worth to you thoughHave a Bsc Hons open degree from the Open University 2015 :j:D:eek::T0
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Thanks - hubby said we should try £139k as anything within 10% is "fair game" but I wasn't sure if that was a bit low. I've just no idea what's "normal" in terms of offers!
x Mortgage when started (Dec 2013): £157,272.50
Current mortgage (date): £156,885.56
Mortgage free day: Dec 20430 -
Depends on how desperate they are to sell and how cheeky you feeling lol. They can only say no or come back with a counter offer if its not what they want. Good luckHave a Bsc Hons open degree from the Open University 2015 :j:D:eek::T0
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You need to do a full search for history of all similar properties to get a good idea for what your 'final and best offer' will be. Your first offer needs to be a bit less than this.Posts are not advice and must not be relied upon.0
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