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Buying a house with a 50 percent deposit, how much to offer?
RichyP77
Posts: 9 Forumite
Hi Guys hope your well im new here so excuse the newbie questions.
We are looking at houses in Cardiff, ones we are looking at at are on for 275k to 285k. We are in a fortunate position to have a 50 percent deposit. Mortgage adviser and financials are all in place, with a chosen solicitor. Also we are first time buyers so no chain and ready to go.
Im just wondering if anyone had any thoughts on how to proceed with an offer on a home we like. Its on for £275k detached and been on since December. A 4 bed detached though on the same street went for £278k 2 months ago. So its confused me a little as to why its on for that much. I know they bought it in 2013 for 212k.
Using your wisdom guys how would you proceed with an offer? obviously we know we have a great position and want our offer to reflect that. Im thinking start off 256k ish and take it from there.
Cheers
Rich
We are looking at houses in Cardiff, ones we are looking at at are on for 275k to 285k. We are in a fortunate position to have a 50 percent deposit. Mortgage adviser and financials are all in place, with a chosen solicitor. Also we are first time buyers so no chain and ready to go.
Im just wondering if anyone had any thoughts on how to proceed with an offer on a home we like. Its on for £275k detached and been on since December. A 4 bed detached though on the same street went for £278k 2 months ago. So its confused me a little as to why its on for that much. I know they bought it in 2013 for 212k.
Using your wisdom guys how would you proceed with an offer? obviously we know we have a great position and want our offer to reflect that. Im thinking start off 256k ish and take it from there.
Cheers
Rich
0
Comments
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Can you post a link?0
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OK, I give up. What has your deposit amount got to do with how much you'd offer ?
Also, why has the fact that there's another house in the road been sold for about the same amount confused you?0 -
The size of your deposit is irrelevant.
You offer
* whatever you think the property is worth provided
* you can afford it0 -
property-for-sale/property-60301494
new user so wont let me post a link but thats part of the link from right move0 -
because a 3 bed detached is on for near enough the same amount as a 4 bed detached0
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" A 4 bed detached though on the same street went for £278k 2 months ago "0
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6 lines down, sorry for the confusion just asking a question thats all0
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I posted part of the link which is a 3 bed
property-for-sale/property-603014940 -
https://www.rightmove.co.uk/property-for-sale/property-60301494.html
??
Oh and rather than adding endless posts to your thread, just click 'edit'. Or 'quote'.
Stillnot sure what your Q is though.7
* your deposit is irrelevant.
* can't compare a 3 bed to a 4 bed without including other factors(location, condition etc)
* price in 2013 is irrelevant
No idea why you think "obviously we know we have a great position". Like most people, you seem to need a mortgage.0
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