What to offer

campbell19925

Hello everyone,

I have been to visit a house that is on for "Offers over 200k", I like it but I feel it is overpriced. I'm not sure what I should put my starting offer at as I have never bought anywhere before.

I am a FTB and the sellers have had an offer accepted on a new property so are waiting to sell their house before they can move. It's been on the market for 3 weeks and no offers yet. I believe that the combination of these things (FTB + they're waiting to sell ASAP) should work in my favour so I may be able to get it cheaper.

The reasons I think it's overpriced as in Febuary a detached 3 bedroom property was sold for £225k on the same road and a semi- detatched 3 bedroom of similar quality was sold for 180k in November. The one I am viewing is semi-detatched and vendors bought it for 130k in 2012 and have since added a conservatory and modernised it a little bit.

Do you think it is reasonable to offer £175k for my first offer? Any help would be appreciated. It is important for me to get the opinion of people on here who know more than I do.

https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=19077981&sale=84699270&country=england

Thank you

Linton

In my view.....


Under normal circumstances anything less than about 5% below asking is likely to be met with a straight refusal, which gets you nowhere except perhaps risking the vendor seeing you as a time waster and putting you on the back foot if you were prepared to come back with another offer. 3 weeks is not long enough to push for a bargain. In this case perhaps you could stretch things to £185K though it may be worthwhile waiting a couple of weeks before doing that.



So do you want the house at around £185K-£200K? If not look elsewhere. If you dont make an offer now and it's still on the market in say 3 months time perhaps you could go more than 10% down frmo the current price, or wait for the vendor to reduce the asking price.

quantumlobster

A link will provide you with much more informed opinion, OP.

campbell19925

Linton wrote: »

In my view.....


Under normal circumstances anything less than about 5% below asking is likely to be met with a straight refusal, which gets you nowhere except perhaps risking the vendor seeing you as a time waster and putting you on the back foot if you were prepared to come back with another offer. 3 weeks is not long enough to push for a bargain. In this case perhaps you could stretch things to £185K though it may be worthwhile waiting a couple of weeks before doing that.



So do you want the house at around £185K-£200K? If not look elsewhere. If you dont make an offer now and it's still on the market in say 3 months time perhaps you could go more than 10% down frmo the current price, or wait for the vendor to reduce the asking price.

Thanks for your reply, I was thinking £180k first offer, increasing to 185k, anything more than that I'd think I'd be overpaying.

campbell19925

quantumlobster wrote: »

A link will provide you with much more informed opinion, OP.

https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=19077981&sale=84699270&country=england

I have added the link to the house from the original post. Thank you

robatwork

The link you're trying to post (the space is breaking it is)
!!!!!!!!!!!!!!!!/969n7y
The link you needed to post is
https://www.rightmove.co.uk/property-for-sale/property-81652820.html

The !!! are tiny and dot and cc

billy2shots

First off what the current owners paid for it in 2012 is irrelevant.

Secondly the house I think your comparing it to that sold for £180k is not in the same condition at all. That one also has a conservatory rather than proper extension and the garden is awful in comparison.

An offer of £180k is wasting everyone’s time having been on for only 3 weeks. Worth a try after 3 months maybe.

Oh and forget being in a strong position just because your s FTB. Most are more trouble than they are worth and need educating throughout the whole process.

lincroft1710

billy2shots wrote: »

Oh and forget being in a strong position just because your s FTB. Most are more trouble than they are worth and need educating throughout the whole process.

Harsh!!

But proved correct by looking through this board

Cakeguts

I wouldn't buy it for any money. I don't like the shared drive and the shared access. The house on the far end of the two opposite has only got that bit of drive to park in. If you can't get on the drive you can't park in the road because it isn't wide enough.



If you have visitors they will have to park on the tarmac road and walk down that shared access.

quantumlobster

Got car? Run away. Block paved road, no pavements, no parking for visitors, shared access all over the shop. Flee!

https://goo.gl/maps/xE1kK2HSun69X8rt8

Also, I hate this property simply because the EA has written the description in what looks like pidgin English, and it is more than a little economical with the actualite. I am slightly bored and also irritable, because it's hot and humid, therefore I am going to take the pee out of this not even slightly purple prose.

This wonderful home must be the envy of the neighbourhood big fat deal since it was extended several years ago and now boasts I hate this word a fantastic glass-roofed Orangery which overlooks the generously sized by which we do of course mean "absolutely tiny" lawned garden and is a must view says you property. The current owner has completely modernised this amazing It's a completely ordinary 3 bed semi property which sits within an attractive Well, that's debatable cul-de-sac located off the extended Willoughby Close and features a stunning modern stunning modern kitchens have induction and double ovens, not the cheapest gas hob in the world. it is actually quite nice, otherwise kitchen which has now been open-planned Is there nothing you shiitehawks will not do to the English language? to the living room making it ideal for modern living. The spacious living room is positioned to the rear and measures over 17 foot in length and is 15 foot wide, So it's just about standard-sized, then. and anyway it's 17'7"x14'11" max, which means "smaller than this, by probably quite a bit" and is presented to a very high modern standard which we feel will impress all buyers quite frankly my dears, I don't give a Shere Hite what you "feel". The Orangery is positioned off the living room and will become the primary reception room exqueeze me, but I'll decide what is and is not the primary reception room, thank you very much and boasts get in the sea modern bi-fold doors which completely opens the space into the garden which is perfect for summer and with a glass roof overhead providing plenty of natural sunlight. I prefer to buy artificial sunlight. They do it in tins at B&Q. Also to the ground floor is the cloakroom/WC which is accessed via the entrance hallway which also allows entry to the first floor via the turning staircase and enjoys three very well proportioned bedrooms all presented with a modern finish and having a stunning feature family bathroom. Were you bullied by commas at school? Externally where else would the gardens be? there are lawned gardens to both the front and rear and a driveway to the side allowing parking for many cars. This must be the new, modern definition of "many", which also means "one".

campbell19925

billy2shots wrote: »

First off what the current owners paid for it in 2012 is irrelevant.

Secondly the house I think your comparing it to that sold for £180k is not in the same condition at all. That one also has a conservatory rather than proper extension and the garden is awful in comparison.

An offer of £180k is wasting everyone’s time having been on for only 3 weeks. Worth a try after 3 months maybe.

Oh and forget being in a strong position just because your s FTB. Most are more trouble than they are worth and need educating throughout the whole process.

Fair enough, thanks for your comments, however, no mention of the detatched house that went for only 10% more than the asking price for this property which was sold in 2019? I think the difference between the two is stark and is more what I'm basing my judgements on.