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How much to offer??
Comments
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King_Slayer wrote: »View the house and see what repair/work would be required. Check Rightmove to see what prices other houses, similar in nature, have recently sold for in the area. Then offer a fair price subject to valuation and survey.
...but don't say subject to survey when making your offer. This just says "here's my offer but I'll reduce it after the survey".0 -
Hi Thanks to everyone who offered suggestions, its tricky because its a quirky area of non-standard houses all different shapes and sizes!! Some have sold £75,000, some for £225,000. Ive offered £92,500 and estate agent says he really hoped for £95,000. It needs a new roof, windows, doors, kitchen, bathroom, replastering internally, boiler/electrics but he feels thats been reflected in price.
Its just that Ive never made an offer on a place before now and I didnt know how to go about it.0 -
Good luck, I hope you get it
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I'd go back a little higher at £93k and re-iterate that you need that work done and have already budgeted for that.
The worst that will happen is that they say no and hold out for £95k. They may well come back and ask for £94k or even accept.
But if you do that and it's rejected, but you feel happy paying the £95k i'd go back with another offer fairly quickly to make sure you don't miss out on it.0 -
How do you take Mortgage Valuations into account, after all it isn't what you are willing to pay but what the valuer will say it's worth. Zoopla sold prices are a decent guide, but no point you offering 99k of the bank get told 90k max. If you read on this board there have been cases where Valuations come well under offer price.0
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I dont need it valued, Ive remortgaged my house for £95,000 so whatever price we agree is what it will be. Because its non-standard it would probably be down-valued as banks dont like them. Thanks for the advice about trying for a bit less, I will do that when I see the sales negiotater and hopefully get an even better result0
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