How much would you offer?

Crashy_Time

Move somewhere cheaper?
72k knocked off this one so far...
https://www.rightmove.co.uk/properties/86613958#/

davilown

Thrugelmir said:

Starting at £30k+ under asking price is suggesting that you aren't a serious buyer. 

Why? Just because you offer low, doesn’t mean you’re not serious. You don’t know what position the seller is in and how quickly they want to move.

I’d quite happily, and have done, offer 10% below asking just to have a possibility of getting a good price for a new place.

We bought out last house for 17% under asking price 3 years ago - we got it as we were able to exchange within a month.

We’ve just sold ours for 5% under and have an offer at 6% under accepted.

Thrugelmir

davilown said:

Thrugelmir said:

Starting at £30k+ under asking price is suggesting that you aren't a serious buyer. 

Why? Just because you offer low, doesn’t mean you’re not serious. You don’t know what position the seller is in and how quickly they want to move.

Just personal experience of selling over the years.  There's always bargain hunters that start low and aren't ever going to greatly increase their offers.  If I was in a rush to sell I'd price it lower to start with to generate interest. Then allow the ultimate selling price to find it's own level naturally. 

BikingBud

moneysavinghero said:

House down the road sold for £360,000 less than a year ago

https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=30821172&sale=92375457&country=england

And there's one right next door just going through listed at £285k! Including a garage!!
https://www.rightmove.co.uk/properties/89112169#/
Make of it what you will!

Sunsaru

BikingBud said:

moneysavinghero said:

House down the road sold for £360,000 less than a year ago

https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=30821172&sale=92375457&country=england

And there's one right next door just going through listed at £285k! Including a garage!!
https://www.rightmove.co.uk/properties/89112169#/
Make of it what you will!

The first house looks to be in a much better state than this one. This one could do with a new kitchen and bathroom (carpet flooring???). If it's price £40k lower than the other one it makes me wonder why.

Crashy_Time

BikingBud said:

moneysavinghero said:

House down the road sold for £360,000 less than a year ago

https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=30821172&sale=92375457&country=england

And there's one right next door just going through listed at £285k! Including a garage!!
https://www.rightmove.co.uk/properties/89112169#/
Make of it what you will!

They have dropped the price by 10k but still well overpriced in my opinion.

mrlegend123

Start at 92% and no more than 96% of the asking price for chain - job done. 
Start at 92% and no more than 95% of asking price for chain free - job done.

Crashy_Time

Sunsaru said:

BikingBud said:

moneysavinghero said:

House down the road sold for £360,000 less than a year ago

https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=30821172&sale=92375457&country=england

And there's one right next door just going through listed at £285k! Including a garage!!
https://www.rightmove.co.uk/properties/89112169#/
Make of it what you will!

The first house looks to be in a much better state than this one. This one could do with a new kitchen and bathroom (carpet flooring???). If it's price £40k lower than the other one it makes me wonder why.

The seller knows it is about 100k overpriced anyway, they are just trying it on and 40k here or there doesn`t really matter, they just need some mug, any mug, to overpay while the stamp duty "frenzy" is on?

tink_1983

I'd not over think if houses selling quick and you want it. 
We offered 2% under due to works needed, which was 8k reduction.

what's sold nearby and for how much, use that as a guide maybe.?

Scotbot

Preshusdynamite89 said:

moneysavinghero said:

Houses are flying off the shelves in Oadby because of the outstanding school

What makes you think 10% or even 5% less than asking is going to get you the property?

You need to be thinking more towards 5% or 10% over asking than under if you really want the house.

Hi I am aware that if I really wanted the house it would make sense to offer more but my question was simply asking advice as to what would be reasonable to offer. I never said I was in love with the property and that I really wanted it

As it has only just been listed and properties are 'flying off the shelf ' then asking price is the reasonable offer. No vendor is going to take less in this market