Please help! What should I offer?

Vok_2

Hi,

I am a first timer buying and my vendor pulled out on me today for some weird reason. It was only yesterday I had my mortgage application approved subject to valuation.

The property I just lost out on was on the market for £146k in January 2014 but apparently the buyer pulled out so it came back on the market in October 2014. So I put in an order of £136k and it was accepted.

Anyway now that I have lost that property am back looking at the properties on the market. I have found 2 properties a street away from the previous property and they are between £147k-£149k; but they have only been on the market for 2-3wks. Do you think its cheeky to put in an offer of £135k?

Thank you xxx

Landofwood

You should research what the property is worth and make an offer.

Offering a certain percentage below asking price is a fallacy. Just offer what the house is worth to you.

Vok_2

Like I mentioned these new properties are on the next street to the one I was trying to buy. Looking on Zoopla I cant see sold properties in this area in the last three years, however I have found some that are advertised "sold STC".

For the property on the market at £149,950, I found these properties advertised on Zoopla Sold STC
- Jan 2015 on for £134,950
- Oct 2014 on for £144,950
- Sep 2014 on for £144,950

For the property on the market at £147,500, I found this property advertised on Zoopla Sold STC
- Dec 2014 £139,950

Landofwood

Vok wrote: »

Like I mentioned these new properties are on the next street to the one I was trying to buy. Looking on Zoopla I cant see sold properties in this area in the last three years, however I have found some that are advertised "sold STC".

For the property on the market at £149,950, I found these properties advertised on Zoopla Sold STC
- Jan 2015 on for £134,950
- Oct 2014 on for £144,950
- Sep 2014 on for £144,950

For the property on the market at £147,500, I found this property advertised on Zoopla Sold STC
- Dec 2014 £139,950

My old house is still listed as Sold STC on Zoopla and Rightmove for 240k. If you check the Land Registry it will say 250k.

Make sure you're comparing actual sold prices.