How much to offer?!

buzzyzoe

I'm thinking it probably won't be accepted but I can only try! Thanks for the kind words

moneyistooshorttomention

NervousHomeowner wrote: »

Obviously you're totally at liberty to put in any offer you want and if the property is only worth £150,000 to you then that's that but I think that's a very low amount to offer for seemingly no real reason (I personally would only be offering that amount if the property needed some serious work). Out of interest, what is the most you would be willing to pay for the property?


A good idea my partner's mum gave me was to, if possible, go and view a number of properties in the same building or on the same street and compare them. It will soon give you a good idea of why something is priced at, say, £125,000 and why something else is only priced at £115,000.

I think that was very good advice re viewing a number of properties in close proximity and then its possible to see why there will be different prices set.

Just in my own street - there are indeed good sound logical reasons as to why some of the houses (including mine) merit a higher price than others. Some of the houses are smaller/some have downstairs bathrooms/some have both factors (ie both smaller and downstairs bathrooms) - hence I am charging more for my house than those.

A potential buyers personal factors simply don't come into it. Other nearby houses have been carefully assessed and the price fixed accordingly and the price "is what it is" with no regard whatsoever taken of any personal factors relating to a prospective buyer personally.

I took on board the point made by a poster recently that first time buyers might also have divorcess/downsizers/etc looking at them these days - but personal factors relating to a particular potential buyer are totally irrelevant to many vendors. If we know our house is an FTB house anyway - then that's what we expect to come looking and no concessions pricewise will be granted to a buyer whatever their personal circumstances.

Money will be taken off the asking price (at the time its marketed in the first place) for any work we know needs doing...but that's it after that...