Second time around buying advice pls

mrnomoneybags

We're selling our current home atm, the agent seems to think a buyer is very intrested and will more than likey make an offer...... there first time buyers so no chain.

We have seen a house that we love its a little bit above our budget of £250k its up for £265k, they have no forward chain.

What would be a good starting offer without insulting the seller? We would like to keep it below £250k to avoid the stamp duty.

thanks

-Tom

silvercar

They should, and the agents will, realise that no-one is going to offer over 250 because of the stamp duty threshold. I would say that marketing at 265k indicates they want to achieve 250.

If you think the property is worth 250k, you could try offering 243 and work your way up from there.

mrnomoneybags

cool thanks for the feedback

mrnomoneybags

Any other views on this one?

I just want to triple check before we make an offer, we really dont want to insult the seller.

thanks

Richard_Webster

They probably want £250K for the house (you don't need to mess around with this £249,995 nonsense - the higher SDLT is payable over £250K) and whatever they can get for the contents and fittings.

You can't pay a figure for those which is higher than they are really worth and that can often be the sticking point. They think they can ask say £7K for them but depending what is being left it might be nothing or may be £2-3K at most, assuming things like 3 month old cooker worth £1000 new now worth £600? The figure has to be a realistic price bearing in mind what someone would pay second hand for the items.

I think that £243K is probably a bit low as a starting offer, assuming that the asking price compares with that of similar houses in the area. If it is on at £265K the sellers think they might still get more than £250K somehow or the other, so it is difficult to put in an offer they won't laugh at below £250K.

Doozergirl

If you are confident that the property is worth £250,000 then I would personally make a first and final offer for that amount and save the obvious timewasting involved working to that point. It would be clear to me that the vendor is seeking £250k and being a bit silly about it already. Why not set the price at £250,000 in the first place. No one in their right mind would pay £265,000 for a house. (except me if my bid gets accepted on friday - it's a cheeky offer really, so not quite the same)

poppy10_2

Go for £243k. There's a good chance he will meet you midway between 243 and 250.

mrnomoneybags

Thanks Guys, we having a second viewing on our place tomorrow night and hope they will put an offer in what will make our position a bit stronger. It seems that somebody has made an offer on it already today but like us havent got an offer on there place yet.

Fingers crossed.

Doozergirl

Good Luck

mrnomoneybags

thanks Doozergirl........ good luck with your cheeky offer

dolce_vita

OP do yourself a favour and ignore all this "it's up for 265k so they want 250" rubbish.

Because that it what it is - rubbish.

Or, more specifically, a pathetic attempt by the vendors and EA to coerce you into paying what THEY want you to pay, not what YOU want to pay.

It makes me laugh when people who would normally think 15k below asking price would be a cheeky offer, suddenly get suckered into offering that amount and believe they have got a good deal.

Work out what the house is worth to you and then go in 15k below that.

Personally, I would offer no more than 230k first off.

best wishes