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What is a reasonable offer?
Comments
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Spellkaster , you managed to secure an offer on your place already?
Our house went on the market Tuesday, and we had a very positive viewing yesterday and another viewing on tomorrow.
The estate agent said our should sell quickly due to it being nicely decorated in magnolia, big conservatory, off road parking for 2 cars, and a nice enclosed rear garden which backs onto woods.0 -
Sounds idyllic.
I'm in the country too. FYI - I have a 4000 gallon cess pit and it costs £200 to empty.
Why don't you offer the £160k and let them negotiate you upwards to meet in the middle. You never know they may just accept the £160k or close.
If you hit a stumbling block, you could ask the vendor to eg - replace the septic tank or re-wire before they sell. So the cost is outside the asking price.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Any more posts you want to make on something you obviously know very little about?"
Is an actual reaction to my posts, so please don't rely on anything I say.
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Sounds idyllic.
I'm in the country too. FYI - I have a 4000 gallon cess pit and it costs £200 to empty.
Why don't you offer the £160k and let them negotiate you upwards to meet in the middle. You never know they may just accept the £160k or close.
If you hit a stumbling block, you could ask the vendor to eg - replace the septic tank or re-wire before they sell. So the cost is outside the asking price.
Good idea!!
Obviously we need to sell our first, but anything is worth a try!!0 -
SPELLKASTER wrote: »Our house went on the market Tuesday, and we had a very positive viewing yesterday and another viewing on tomorrow.
The estate agent said our should sell quickly due to it being nicely decorated in magnolia, big conservatory, off road parking for 2 cars, and a nice enclosed rear garden which backs onto woods.
Dont forget to disclose the mobile mechanic on your seller forms
Never, under any circumstances, take a sleeping pill and a laxative on the same night.0 -
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Not advisable to offer until you have a firm offer on yours.
1. It will make the property more appealing to others, knowing there's interest on it and someone waiting to buy it (human nature!).
2. Gives you no room to negotiate if you're offered low on yours.
3. If neither sells for a few months, they're unlikely to reduce the price knowing they have a buyer willing to pay X amount.
4. You can't proceed yet, so it's kinda pointless agreeing a price to buy something else!
Jx2024 wins: *must start comping again!*0 -
SPELLKASTER wrote: »Been to see some bungalows, and there is one that we really like.
Its currently on the market for £169,995.
Its has a sespit tank, needs rewiring (which would cost around £2500), new kitchen (around £3000), and new bathroom.
Also needs a new central heating system and boiler (approx £3000).
What would a reasonable offer be considered?
We were thinking of around £160K, due to the amount of work that needs doing.;)
Totally depends where you are, what the market is doing locally, how the asking price of this property compares to similar recent actual sold prices, etc.
The average achieved sold price nationwide is currently around 5.8% below asking price, according to the latest hometrack survey.
This will vary widely by location though.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
SPELLKASTER wrote: »Good idea!!
Obviously we need to sell our first, but anything is worth a try!!
You wont be taken seriously with lower offers when you've yet to sell.
I'd hang fire until you've got an offer yourself.Official MR B fan club,dont go............................0 -
Had a VERY positive viewing on my house yesterday.
Apparently someone put in a very low offer for the bungalow which was rejected.
I was thinking of around £165K, and not to go over because it needs modernisation to it.0 -
SPELLKASTER wrote: »Had a VERY positive viewing on my house yesterday.
Apparently someone put in a very low offer for the bungalow which was rejected.
I was thinking of around £165K, and not to go over because it needs modernisation to it.
I would suggest starting at £163K (giving the EA a list of the work that needs doing) and then go up to £165K if it's rejectedGather ye rosebuds while ye may0
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