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Advice on bidding
jazzyja
Posts: 400 Forumite
Hi everyone,
Current viewing properties and not sure how you go about bidding (first time buyer!). Looking for some tips/advice.
I have 2 properties I have my eye on....one is listed for "offers around 120k" and the other is listed "offers OVER 130k"
What would you bid for either of these properties? Bearing in mind the 130k property has already been reduced this week by 9k and the house is not occupied. I felt abit cheeky to offer anything lower that 130 but my broker advises to start lower. Would you say 125?
In regards to the 120k property would you go in at 115k?? I'm still not sure between the 2 yet. Any advice would be great. Thankyou
Current viewing properties and not sure how you go about bidding (first time buyer!). Looking for some tips/advice.
I have 2 properties I have my eye on....one is listed for "offers around 120k" and the other is listed "offers OVER 130k"
What would you bid for either of these properties? Bearing in mind the 130k property has already been reduced this week by 9k and the house is not occupied. I felt abit cheeky to offer anything lower that 130 but my broker advises to start lower. Would you say 125?
In regards to the 120k property would you go in at 115k?? I'm still not sure between the 2 yet. Any advice would be great. Thankyou
0
Comments
-
Impossible to say without knowing the area or properties in question.
Ignore the offers over / offers around and start somewhere below what you think the property is worth. You’re in a good position as a FTB so vendors may be inclined to accept a lower offer.0 -
It varies considerably by area and market segment, so no one can tell you how the play this.
people will come on with all sorts of strategies and advise, but they have no idea if they will work in your specific circumstances.Don’t worry about going in with a low offer, they can only say no.0
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