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Offers
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anon_private
Posts: 171 Forumite
Hello,
I have made an offer on a flat of £190,000, which was declined.
I am thinking of raising my offer, but am unsure as to what increment will be taken seriously.
The flat was originally on the market for £225,000, but was reduced to £215,000.
This price includes a ground rent buyout, so that the rent will only increase by the rate of inflation, rather than doubling every ten years.
Other similar properties appear to be on the market for around £200,000, but are unlikely to include a ground rent buyout, and it is doubtful that they have better views. The flat I have my eye on has allocated parking, some of the others may/may not have this benefit.
If you were interested in the flat what increment would you offer as the next step? The agent indicated in passing that £200,000 might be appropriate, but stated that it was a matter for the vendor. The vendor is in no hurry to move.
I am a cash buyer and not in a chain
Regards
I have made an offer on a flat of £190,000, which was declined.
I am thinking of raising my offer, but am unsure as to what increment will be taken seriously.
The flat was originally on the market for £225,000, but was reduced to £215,000.
This price includes a ground rent buyout, so that the rent will only increase by the rate of inflation, rather than doubling every ten years.
Other similar properties appear to be on the market for around £200,000, but are unlikely to include a ground rent buyout, and it is doubtful that they have better views. The flat I have my eye on has allocated parking, some of the others may/may not have this benefit.
If you were interested in the flat what increment would you offer as the next step? The agent indicated in passing that £200,000 might be appropriate, but stated that it was a matter for the vendor. The vendor is in no hurry to move.
I am a cash buyer and not in a chain
Regards
0
Comments
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I wouldn't take any notice of what the EA says. Offer what you think it's worth, and up to what you'd be prepared to pay for it. Good luck0
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Doesn't really matter where the figure came from. Offer what you think it is worth to you. If you get pushed into paying more than you feel comfortable with you will likely regret it.0
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anon_private wrote: »I am thinking of raising my offer, but am unsure as to what increment will be taken seriously.
How much do you want the property? EA has indicated that the vendor is looking for something in the region of £200k+. Personally I'd split the difference and go for £195k. If you are serious. Then see if the vendor reduces their expectation again.0 -
Thrugelmir wrote: »How much do you want the property? EA has indicated that the vendor is looking for something in the region of £200k+. Personally I'd split the difference and go for £195k. If you are serious. Then see if the vendor reduces their expectation again.
I do want the property. It ticks most of my boxes.
Splitting the difference between the minimum that the vendor expects and my original offer could be the next step. I accept that my orginal offer was a little on the low side. But it was worth a try. The estate agent was guessing was he said in passing try £200,0000 -
Then try £195,000 and position it as your max offer. You can always make another offer of £200k later if it doesn't work. God loves a trier.0
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As a seller hoping for £200k, I'd struggle to turn down £198k.
Everyone's different though.2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter, south facing (-5 deg), 30 degree pitch, no shadingEverything will be alright in the end so, if it’s not yet alright, it means it’s not yet the endMFW #4 OPs: 2018 £866.89, 2019 £1322.33, 2020 £1337.07
2021 £1250.00, 2022 £1500.00, 2023 £1500, 2024 £13502025 target = £1200, YTD £690
Quidquid Latine dictum sit altum videtur0 -
BrassicWoman wrote: »I'd see it as timewastig and refuse to deal. Every vendor is different!
Wow, I'd struggle to see many vendors considering a £5k increase as timewasting.0 -
Wow, I'd struggle to see many vendors considering a £5k increase as timewasting.
It's still way under asking, below what they've indicated they'd accapt, and looks to be one of those annoying "death by a thousand cuts" negotiations. Not the kind of business I like to do.2021 GC £1365.71/ £24000
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