We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Offer on a part ex
Options

Catkei
Posts: 40 Forumite
Hi! We're FTB and have recently seen a freehold coach house (2 bed) we're thinking of putting in an offer on. It's being sold as the current owners are part-ex'ing it for a new build. Apparently their new home won't be finished until October. That suits us fine as we're on a fixed term letting until end of Sept. It's currently on the market for 185k and only been listed for about 1month. I know it sold in 2015 for 146k. I've read around a bit and it seems that it's worth putting in quite a low offer for part ex properties? Being new to this we're unsure how low it would be reasonable to go? I know it's a bit "how long is a piece of string ". I'm thinking of putting in an offer of 165k, but OH thinks that's too low. Since its quite a new estate (completed in 2015) I can't find any second sale and more recent prices to compare. Wouldn't mind some second/third/fourth opinions please!
0
Comments
-
If you are not in a hurry to buy, go with the 165k offer. Worst think that could happen is it gets rejected, then usually you have the option to put a new offer.0
-
Offer the 165, see what response you get
Decide how much you will be prepared to pay and negotiate somewhere in the middle (hopefully)
Good luck, keep us updatedNo.79 save £12k in 2020. Total end May £11610
Annual target £240000 -
As a seller, I'd be presuming you'd expect to meet in the middle and were looking to pay £175k. Maybe not the case, but the figures are so 'either side', it just seems that way. If you're not willing to go up to that, I'd pitch it slightly differently.2024 wins: *must start comping again!*0
-
We would be looking at 175-177k max. We can afford more but I don't think for the size it's worth more ££.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards