Advice on putting in an offer

casson2006

Me and my husband have been looking to buy a house for awhile now. We are due to view a property tomorrow that seems perfect for us. Its a property that has just come back onto the market because the chain has fallen through. The estate agent said the sellers are desperate to sell because of this.

We are first time buyers in no chain with an AIP and ready to move as quick as possible. The property was originally listed in October 2016 @ £279,950 and now its been listed @ £289,950. Does this seem like a reasonable amount to increase it by in that space of time?

The house itself is a 3 bed semi and not many have sold in the area over the last couple of years, so its hard to judge.

MeltingSugs

If it's just to come back to the market and the upper chain is complete I'd wonder why they 'needed' an extra 10k. My house had come back up as chain fell through six months down the line and was listed at its original price which we agreed to pay.

Re going up though, I don't think it's an unfair amount. Ours was valued at 240-250 in Oct and 250-260 in Jan. Sold within two days at 260 on the nose.

casson2006

Yeah that's what i though as they have secured the house they are buying so that's why they are desperate.

They stated they would only take viewings from tuesday this week (went onto the market last thursday), but when they knew we was in no chain they agreed to see us monday.

We've lost out on houses before so we are just unsure if we go in under or at asking price (if we want to go for the house). From experience most people will only accept asking price or over.

steampowered

If you know they are desperate to sell, you might as well go in under the asking price. The worst that can happen is they say no and you raise your offer.

casson2006

Yeah that's true.
I am just thinking how low is acceptable to go as we want to be taken seriously and not miss out again.

The_Real_Cheddar_Bob

don't worry about this offer taken seriously b0llocks. Offer what you are prepared to pay. The agent has to communicate offers to the seller, yes its in their interest and the sellers to get as much as possible, but its also in their interest to sell the property.

offer what you want.

casson2006

Yeah that's true! Thanks for the advice.
We just feel abit on edge about it as we've lost out so many times.

casson2006

Well went in this morning @ £280,000. They said the vender had more viewings this week so prob will wait! They haven't got back to us yet

ReadingTim

casson2006 wrote: »

Well went in this morning @ £280,000. They said the vender had more viewings this week so prob will wait! They haven't got back to us yet

Very good, but it's probably worth considering where you'll go from there: opening offers below asking price aren't usually accepted without some kind of to-and-fro, or the pretence of.

casson2006

Yeah we've got a plan, as we expect it will get rejected.
We've gone through this quite a few times now so I'm sure a bidding war will commence! Just seems like a lot of people in this area will go over asking price! We've agreed a price we'll go up to.

BLOW_FLY

What part of the uk are you in?