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How much to offer in a buoyant market

I'm doing viewings today in South London. The market is pretty crazy and there was about 15 viewings on the property I saw this morning and I was early so left exactly on the open house start time, so there could have been even more.

It's on for offers over £150k. I've got no idea where to offer, given that there will be other offers if my other viewings are anything to go by.

Shall I just offer my top amount and be done with it? Shall I offer a little lower and have a bit of flexibility to up my offer if others come in?

Comments

  • robatwork
    robatwork Posts: 7,305 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Are you very proceedable (eg mortgage/cash in place, nowhere to sell, FTB)? If so then you may find an offer of £150k would be enough.


    If someone is more proceedable than you then offer more.....


    Is proceedable a word? MSE doesn't think so but this is house buying forum so I am overruling it.
  • I_have_spoken
    I_have_spoken Posts: 5,051 Forumite
    edited 1 February 2014 at 1:50PM
    £170k cash, needs to be on the EA's table close of business today.
  • robatwork
    robatwork Posts: 7,305 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    So - what happened?
This discussion has been closed.
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