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How much should I offer?
Kate.1982
Posts: 1 Newbie
I'm a FTB and I've seen a 2 beds flat that I like, which has been on the market since a few months now.
I went to see it in April and the asking price was £110k, after my viewing the EA has been calling me for a week, but I had more flats to view and told them I was going to let theme know.
In the meantime the price has dropped to £105k, the valuation on Land and Property Services website is £120k.
I've seen other flats and this one is my favourite.
I now also have an AIP and £105 is my very top limit.
Do you reckon I could maybe offer a bit below the asking price (like £100) to hopefully meet half way?
Also, should I wait after the referendum? Not for the drop of prices if we leave, but because I'm foreigner (EEA) and, although I've been living here since almost 5 years and can hopefully apply for permanent residency/naturalisation soon, I'm of course unsure of what will happen if we leave.
I went to see it in April and the asking price was £110k, after my viewing the EA has been calling me for a week, but I had more flats to view and told them I was going to let theme know.
In the meantime the price has dropped to £105k, the valuation on Land and Property Services website is £120k.
I've seen other flats and this one is my favourite.
I now also have an AIP and £105 is my very top limit.
Do you reckon I could maybe offer a bit below the asking price (like £100) to hopefully meet half way?
Also, should I wait after the referendum? Not for the drop of prices if we leave, but because I'm foreigner (EEA) and, although I've been living here since almost 5 years and can hopefully apply for permanent residency/naturalisation soon, I'm of course unsure of what will happen if we leave.
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Comments
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I'm a FTB and I've seen a 2 beds flat that I like, which has been on the market since a few months now.
I went to see it in April and the asking price was £110k, after my viewing the EA has been calling me for a week, but I had more flats to view and told them I was going to let theme know.
In the meantime the price has dropped to £105k, the valuation on Land and Property Services website is £120k.
I've seen other flats and this one is my favourite.
I now also have an AIP and £105 is my very top limit.
Do you reckon I could maybe offer a bit below the asking price (like £100) to hopefully meet half way?
Also, should I wait after the referendum? Not for the drop of prices if we leave, but because I'm foreigner (EEA) and, although I've been living here since almost 5 years and can hopefully apply for permanent residency/naturalisation soon, I'm of course unsure of what will happen if we leave.
Don't worry about your UK residency. You can stay after the referendum even if you don't have permanent residency no matter what happens.
I'd go with the lowest offer you feel will be accepted then up it a little bit when it's refused.
The £120k valuation on the internet is not correct. Don't take any notice of that.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
How does the £105k compare to recent sales of similar properties in the area? Assuming this is a realistic market price then I would start at £95k and hope to settle under £100k possibly?0
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