Help: How do I offer on this property?

sterl1ng

Whilst I haven't physically seen this place I've been oohing and aahing over it on right move for quite sometime. Reason I never saw was price was far too rich for my blood (£230k originally since last summer then dropped to £220k about 2mths back).

Situation is twice buyers have pulled out: the first apparently cause process took too long and second (today I've learnt) pulled out before exchange as they weren't happy on parking rights outside property.

Anyway I asked the EA today (knowing that property was on sale for £220k) what offer the second "buyer" made, he told me £205k (my jaw dropped when he told me as closer to my budget). So I told him I want to view and hoping to see tomorrow night (haven't heard back yet!) as I'm away this weekend.

If i get to see property and love it I'm tempted to put in offer- is tht sensible? Also, on offer I don't want to be stupid and offer £205k, very tempted to start at £198k and see how I get on. The vendor has been messed around twice and I want to show I'm serious so wondering is my strategy too much. I'd prefer ideally to cap at 200k but for this property would offer same as last buyer of 205k.

What do you guys think?

Flummaxed

Hi Sterl1ng,

I'm new to the house selling business, but have just had an offer on my property, which was £20,000 under what I was hoping to get for it, but I am seriously considering the offer.

If I were you, I'd go and view the house, then you'll at least know whether you want to put in an offer or not. Looking at houses on the web, doesn't really give you the real picture as to whether you'd actually want to live there yourself of not, so you definitely need to go view it 'in the flesh'. If, once seen, you decide that you do really love the house, then I'd suggest putting an offer in for £198 K, and if it's rejected, then perhaps you need to decide whether you are prepared to pay more if you really love the house as much as you think you do at this stage. It might be, that once viewed, you realise that you don't love it so much so as to pay over £200 K for it, but only having viewed it will you be in a position to judge. You might find that you don't even like it that much once you've seen it, so at least it'll either be 'out of your system' OR you could be on your way to buying your next dream property.

Good luck. Let us know how it goes.