Advice on putting in an offer please

casson2006

Me and my fiance have been looking to buy our first house for nearly a year now.We have viewed plenty and made offers on around 4 but we haven't been successful.

We viewed a house today that we like and is in a good location. We want to put in an offer in but unsure how to proceed.
It's on for 230,000, zoopla estimates it at 205,000 but i am unsure how reliant zoopla is.

We can afford to go up to asking price, but i was wondering how people have found the market post brexit? Are houses put on over priced? I know since we started looking a year ago house prices have increased alot, but unsure how it is at the moment
If anyone can offer any advice it would be appreciated.

WeAreGhosts

Zoopla is not reliable.
Check out the recent sold prices on the street and in the immediate area and compare house type, condition, etc.

Houses are only worth what people will pay for them. There is no harm in low offers - without being silly, of course.

The house I'm completing on next week, I went in 20k less and have paid 10k less than asking price. But sometimes it depends on the vendor. If they're emotionally attached to a house they sometimes want to sell it to someone they like (as mine is doing!), and some just want to squeeze every last penny out of the sale.

Hoploz

OP if you've been seriously looking for a year then you know your local market much better than anyone here.

You will know whether there are plenty of houses readily available (sounds like not) whether houses seem to sell quickly (indicating asking prices achieved or near to them)

There's a lot of talk about Brexit, but our already missed out on others, and you've said prices have risen so I assume you're no spending more than when you first started offering.

People who try and play hard ball, offering low often lose out on houses for the sake of a couple of k, then a year later end up buying a less good house for 20k more!

Prices may or may not dip but ask yourself how likely is it you'll easily find something cheaper? If you're in for the long term the odd few k are less important as the general trend for house prices is upwards over longer terms

ruby_eskimo

We haven't been looking as long as you guys but have put a few offers in post-brexit. We've lost out on one and have had another accepted on the other. Both times we've offered what we think the house is worth; based on actual sale prices (we've asked local agents), size with similar properties, amenities, location, local planning applications etc. Basically anything and everything you think of. The house we lost out on was by 4K, but we've actually ended up offering that higher amount for the house we've been accepted for. The first house we just didn't feel was worth the extra and especially not in comparison to what will hopefully be our new home.

I would say way up all the options - if parking is important to you, does it have a space / garage / can you easily park in the street? Is it close to a station if you need one? Does it need work doing to it compared to similar properties that have sold in the area? If so, then I would factor that into your offer, otherwise best of luck!