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House says 'offers above £135k' - where to start?!
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Work out how much you think it's worth, then offer based on this.
I advertised mine as "offers in excess of" and anything under was immediately rejected.
Perhaps under this price they would be better off renting it out?Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
Propertyfan wrote: »If the seller wants more than 135k then I think it's best to get down to the gritty nitty and ask them to give a precise figure they're looking for. If they want 10k more than you can try to negotiate to get it to, say, 140k, but if they're not open to disclosing a precise figure they're aiming for, I'd forget 'em. There's enough houses/flats/bungalows out there without 'offers above' pre-conditions.
I don't see the point of 'offers above'. Just state the precise amount you (I'm referring to the seller) want and let the prospective buyer negotiate down. 'Offers above' is where the buyer is supposed to negotiate UP to a price. That seems perverse logic, clearly intended to annoy the buyer or give the seller some control over the buyer. I'd avoid those sellers at all costs! Play nice and people will buy nice. Play shifty and the buyer should go elsewhere.
Your lack of knowledge on buying shines like a star in the sky.
You are a danger to your wallet..:cool:It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
The market is booming now, so work out if you want to pay what and offer that.
The days of getting low offers accepted have passed, not too long ago silly offers were accepted - sadly, not now.Bringing Happiness where there is Gloom!0 -
I think I got in just before this pick up! House was up for £133k and I offered £117k as my first offer and it was accepted!0
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My daughter offered 20% less than the OIEO price and it was accepted ..... that was in March, it would not be accepted today - it is getting silly hot around here.Bringing Happiness where there is Gloom!0
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There are many posts on here previously on the same subject, where posters have offered under the OIEO price and been successful. So it doesn't always backfire.
As I posted earlier, it depends a lot on how the price has been pitched against comparable recent sales. Nobody on here can say whether offering less than 90 % of the marketed price is a cheeky offer, a realistic one or just an insulting one!
I did that on my current house. It was on at offers over £x, got it for a couple of £k below that. In hindsight, we could probably have made a deeper discount offer, but we didn't know how they would react so made it close enough that they wouldn't want to lose the sale.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Thanks all - I have to say as a BTL I have not found a house in the area that offers a better rental yield than this one - it's also in absolutely perfect condition, ie it's completely ready to go, and in a nice area. I think realistically it could be worth offering £130k (thanks for all that have confirmed even if it says 'offers over' doesn't necessarily mean it to be the case!) and see how it goes.
Realistically, for the sake of stamp duty it's tempting to go in at £125k, but that really would be taking the ****!
Judging by similar houses on the market it's definitely worth more than that. 0 -
Hi,
We really like a place that came to the market just yesterday, which says 'offers above £135k' - it's also in a fairly unique position where the owner isn't sure whether to keep it, or let it out, and they've already had a lot of interest for it being let out.
With that in mind, what should our starting offer be? Would it be futile, or even insulting to go in at anything below £135k? Is there a chance with this type of wording there could be a crazy bidding war also?
Thank you:)
If the owner is asking for offers above £135k then it seems pretty obvious that he won't consider anything less.0 -
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My daughter offered 20% less than the OIEO price and it was accepted ..... that was in March, it would not be accepted today - it is getting silly hot around here.
What would it be going for now? 18% under the asking price?0
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