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Quick Advice
littlered
Posts: 54 Forumite
What a great website, wish i had found it sooner!
Just been reading all about buying and upon seeing some of the topics in this forum, they are definitly helpful.
Anyway, to cut it short, im a first time buyer who viewed a property for the first time yesterday. Yes i know i should look at more property's first, but i love this one and want it badly. Ive been searching around the net for years for a place like this. Its in a very posh area of london. Its going for £239,950. I want to put a bid in for it. Bids need to be in for Friday. Its not a sealed bids selling though. So i can negotiate
Any ideas of what bid to put in? I havnt got a clue! Your advice would be very helpful.
Just been reading all about buying and upon seeing some of the topics in this forum, they are definitly helpful.
Anyway, to cut it short, im a first time buyer who viewed a property for the first time yesterday. Yes i know i should look at more property's first, but i love this one and want it badly. Ive been searching around the net for years for a place like this. Its in a very posh area of london. Its going for £239,950. I want to put a bid in for it. Bids need to be in for Friday. Its not a sealed bids selling though. So i can negotiate
Any ideas of what bid to put in? I havnt got a clue! Your advice would be very helpful.
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Comments
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A very posh area for 240k ?
What are you buying? a broom cupboarddolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
dolce_vita wrote: »A very posh area for 240k ?
What are you buying? a broom cupboard
Pretty much, but its a nice broom cupboard!
Its just a small flat. Its in st. Johns wood. I think thats a posh area! :rolleyes:0 -
It must be small for that price! Nice are, though. Are you a cash buyer?0
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Have you worked out all your finances?
How much you can afford; repayments, deposit, fees etc?dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
I would offer £500K, then you won't lose the property.
It will be worth that in a few years anyway.
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Ive got a mortgage broker/adviser and he said i can get that money with no problems.
Ive got no debts what so ever, not even a penny on a credit card. I got about £20,000 in savings and got a good secure job. Ive worked out if i can afford it and its going to be tight each month, but it will get easier with time.
Just not sure on what offer to put and what to do after that.0 -
It's a very difficult thing to decide. You have to work out for yourself if you think the property is worth the asking price. If it is close I would go maybe 5k under to start. Or if you really love it just offer the asking price as good properties go quickly. Make sure you ask for the property to be taken off the market if your offer is accepted.
On a separate note I noticed on the BBC news website today that prices are stagnating.
Mum to DD born Oct 2009 :j DS born April 2013 :jBreastfeeding peer supporter with the breastfeeding network. National breastfeeding helpline 0300 100 0212.:question: Ask me if you have any baby feeding questions :question:0 -
For that price in St.Johns Wood I'll fight ya for it.....good luck:T#6 of the SKI-ers Club :j
"All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke0 -
Ive ignored whats on the news with property prices at the moment. I just listen to Kirsty and Phil on Location,location, location. They say property in London will just keep going up and up for a long time yet.
I was thinking of offering £230,000. Then if it gets rejected, go up £1000 at time slowing to £500. I want it for £235,000. Anything less obviously is fantastic.
Does £230,000 sound good?0 -
Say you bought the place for 220k
SDLT is over 2k, mortgage arrangement fees could cost up to 4k and conveyancing fees could cost up to 1k.
No doubt you will want to spend a further 3k on the flat
There goes 10k of your savings, leaving you 10k
It would be prudent to keep about 5k for emergencies which would leave 5k for a deposit.
Now, a 215k repayment mortgage over 25 years will cost about £1200pm
and then you will have to pay all you other bills as well
Can you afford it? Only you can answer thatdolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0
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