15k below offer on property on at 335k?

loopy013

The price hasn't been reduced, the problem is I'm unsure how long this property has been on the market for the 2nd time. It was originally on Dec 2013 but has gone back off (as it was sold) and then readvertised but Zoopla only shows the original date.

Think I would try 315k first but I'm worried about leaving too long between offers as we've already missed out on two houses in the area doing this and we r desperate to move as we r currently living in an apartment with 2 small children.

zarf2007

getmore4less wrote: »

What's it worth relative to other stuff around?


No point in overpaying.


Complete your chain if it is a long one and think about renting.

yes because thats really easy and inexpensive with two kids to do isnt it.....are you going to pay the rental while he looks for another property? though not...


armchair strategists, let me know when it gets a bit cold in your ivory tower.....

kinger101

Well, £315k would be my next offer, but you could always go for £320k best and final offer if you're worried about losing it.

rexmedorum

zarf2007 wrote: »

yes because thats really easy and inexpensive with two kids to do isnt it.....are you going to pay the rental while he looks for another property? though not...


armchair strategists, let me know when it gets a bit cold in your ivory tower.....

It's a good idea though no need to knock getmore4less for suggesting it. Mortgage vs rent would be about the same wouldn't it? I'd just sit out the first 6 months so you can leave with max 1 month overlap. If you have kids moving twice may of course not be ideal but it makes sound financial 'moneysaving' sense surely.

paddyrg

How much do you want it? There's a lot to be said for putting a final, time-limited offer in. At the moment they think you'll keep on just offering more if they sit it out, so put some of the jeopardy back with the vendor. "£315k final offer, offer valid until Friday 5pm" - then if they are just sitting on it without wanting to sell, at least you can get on with finding somewhere you can afford.

loopy013

rexmedorum wrote: »

It's a good idea though no need to knock getmore4less for suggesting it. Mortgage vs rent would be about the same wouldn't it? I'd just sit out the first 6 months so you can leave with max 1 month overlap. If you have kids moving twice may of course not be ideal but it makes sound financial 'moneysaving' sense surely.

Thanks for all the suggestions but like I said renting wouldn't b an option as we need to port our current mortgage product as it is no longer available and would mean our repayments would increase significantly.

I really like the house, we've viewed loads of properties and there has only been 3 we've seen that we have wanted to put offers on. There is little housing stock to choose from and you don't get much house for your money this is why this house is ideal for us due to the amount of space it would offer even though it needs modernisation in excited by the prospect as I can visualise how great a home it could be in time.

zarf2007

rexmedorum wrote: »

It's a good idea though no need to knock getmore4less for suggesting it. Mortgage vs rent would be about the same wouldn't it? I'd just sit out the first 6 months so you can leave with max 1 month overlap. If you have kids moving twice may of course not be ideal but it makes sound financial 'moneysaving' sense surely.

Hardly money saving when you have to pay removal costs twice, some utilities such as phone/internet require 12/18 month contracts minimum and you have property cleaning costs/deposit issues....

zarf2007

loopy013 wrote: »

Thanks for all the suggestions but like I said renting wouldn't b an option as we need to port our current mortgage product as it is no longer available and would mean our repayments would increase significantly.

I really like the house, we've viewed loads of properties and there has only been 3 we've seen that we have wanted to put offers on. There is little housing stock to choose from and you don't get much house for your money this is why this house is ideal for us due to the amount of space it would offer even though it needs modernisation in excited by the prospect as I can visualise how great a home it could be in time.

So do you want to lose it for the sake of 5k? Just put £320k final offer and say its stays on the table until Wednesday 5pm...at least then you won't have to agonise for the rest of the week.

john_white

Property Bee will show how long it was marked as Sold STC. Could have been months...

loopy013

zarf2007 wrote: »

So do you want to lose it for the sake of 5k? Just put £320k final offer and say its stays on the table until Wednesday 5pm...at least then you won't have to agonise for the rest of the week.

Thanks I've been speaking to my husband this afternoon and we've agreed we'll go 320k final offer and after that will have to walk away if it isn't accepted. At least we will know either way.

John_white I'll check that out now thanks for the info