First time buyers what to offer?

Cakeguts

If the vendors have accepted an offer then this house is sold. Why are you thinking of making offers on houses that have been sold? I assume that you viewed this property before the offer was accepted not after it?



If the vendors are nice people they won't accept any offer that you make because they will stick with their buyers.



As first time buyers you need to understand that it is not considered nice to make offers on properties that are already sold to someone else. Imagine if you were in the position of having an offer accepted and then someone else came along and made an offer?


Wait until the property comes back onto the market and then make an offer.

lookstraightahead

I think perhaps the offer hasn't been accepted? Just an offer put on the table. Op can you clarify?

societys_child

lookstraightahead wrote: »

An offer that can't complete? What use is that really compared to the op? And maybe these first time buyers are not cantankerous! the people who have offered are not in a position to buy. That's as useful as a chocolate fire guard.

Much like an offer 17k below asking!

societys_child

Crashy_Time wrote: »

Many so called offers fall through, with Brexit looming you should be taking 20% off as a starting point.

Dream on, Crashy.

metrobus

Crashy_Time wrote: »

Many so called offers fall through, with Brexit looming you should be taking 20% off as a starting point.

And waste everbodies time.

Post Brexit prices are just as likely to go up.

If you want the house and it's on the market at a reasonable and comparable price to houses similar in the location you need to be realistic and pay the going rate otherwise you will never buy it.

The sellers know what it's worth,you need to work out what it's worth to you,if then you can not afford it move on.

It's only been on the market 3 months which is nothing and sooner or later someone else will come along and also like you think it's "perfect" and buy it.

ReadingTim

Whilst the other buyers aren't currently proceedable, if the vendor has accepted their offer, it's reasonable to assume they're getting their fingers out to make themselves proceedable PDQ.

The vendor might accept a slightly lower offer from someone who can proceed right away, but I suspect it won't be massive, and certainly not the bargain the OP thinks she's going to get. And if the current offer is higher than the OP's maximum, she's just going to get laughed at.

Finally, from the OP's perspective, the vendor has accepted an offer, presumably in the knowledge that there's a chain and the buyer doesn't yet have an offer on their place. Nothing has been signed, but they've given their word. If they then go back on that and accept an offer from the OP, who's to say they don't do the same again and go back on their word to the OP if someone else comes along who can move faster, or offers more money?!?

Crashy_Time

metrobus wrote: »

And waste everbodies time.

Post Brexit prices are just as likely to go up.

If you want the house and it's on the market at a reasonable and comparable price to houses similar in the location you need to be realistic and pay the going rate otherwise you will never buy it.

The sellers know what it's worth,you need to work out what it's worth to you,if then you can not afford it move on.

It's only been on the market 3 months which is nothing and sooner or later someone else will come along and also like you think it's "perfect" and buy it.

Many would be sellers will be having this very dream I suppose.:)

ReadingTim

Crashy_Time wrote: »

Many would be sellers will be having this very dream I suppose.:)

Almost as long as you've been dreaming of a crash. That hasn't happened yet has it, as it?

Crashy_Time

ReadingTim wrote: »

Almost as long as you've been dreaming of a crash. That hasn't happened yet has it, as it?

If you are stuck with a house you can`t sell it might as well have?

lookstraightahead

societys_child wrote: »

Much like an offer 17k below asking!

Not when you pull all the op's 'attributes' together. I don't believe in asking prices, just lots and lots of previous data, researching the market, and what a seller is willing to pay. Oh and their current situation. There is a massive range in EA valuations and it's hardly a science. So yes, I think £17k is more use in this instance.