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first time buyer, gone to best and final
garydufley
Posts: 52 Forumite
Hi
First time buyer here, I put in an offer on a property shortly after viewing but received a message back from the agent the next day that they had received multiple offers and that it had now gone to 'best & final'
I do thing this property is my best option currently so I want to try to get it. but Im not sure what kind of final offer I should come up with (in terms of percentage) its a 2 bed semi in Liverpool. asking is 150k, I think its been undervalued because its 'rates' better in service boiler 2 year old windows etc
not sure if I should punt at 5%, 10% or even nearer 15%
any advice would be welcome!
First time buyer here, I put in an offer on a property shortly after viewing but received a message back from the agent the next day that they had received multiple offers and that it had now gone to 'best & final'
I do thing this property is my best option currently so I want to try to get it. but Im not sure what kind of final offer I should come up with (in terms of percentage) its a 2 bed semi in Liverpool. asking is 150k, I think its been undervalued because its 'rates' better in service boiler 2 year old windows etc
not sure if I should punt at 5%, 10% or even nearer 15%
any advice would be welcome!
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Comments
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What can you afford and what do you think it is worth?0
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You bid what you think it's worth. To you0
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Or if your a massive **** you bid what you think will secure acceptance and then bargain down at a later date following down valuation. Seems to be all the rage the last while and often advocated on this very board.theartfullodger said:You bid what you think it's worth. To you1 -
thanks all0
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Best and finals are so hard - bid what's it worth to you and go for a price you're happy with. Also remember it's not all about the money - as a FTB you're chain free and can probably move quickly which some sellers will favour. If you can say you've got a solicitor lined up too that will help. Good luck!0
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'Often advocated' Really?nicknameless said:
Or if your a massive **** you bid what you think will secure acceptance and then bargain down at a later date following down valuation. Seems to be all the rage the last while and often advocated on this very board.theartfullodger said:You bid what you think it's worth. To you0 -
Don't let your hear rule your head. Be another property along soon enough. Silly bids will get you discounted immediately.garydufley said:
not sure if I should punt at 5%, 10% or even nearer 15%0 -
I've just found out that the EPC is a D (with assumed solid floor and assumed partial insulation on cavity walls) trying to work out how to factor that all in.0
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garydufley said:I've just found out that the EPC is a D (with assumed solid floor and assumed partial insulation on cavity walls) trying to work out how to factor that all in.
It's likely you'll be the only one taking that into account when bidding.
Make £2026 in 2026
Prolific £177.46, TCB £10.90, Everup £27.79, Roadkill £1.17
Total £217.32 10.7%Make £2025 in 2025 Total £2241.23/£2025 110.7%
Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10
Make £2024 in 2024 Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%6 -
Not much someone can do about their lender correctly valuing a property though?nicknameless said:
Or if your a massive **** you bid what you think will secure acceptance and then bargain down at a later date following down valuation. Seems to be all the rage the last while and often advocated on this very board.theartfullodger said:You bid what you think it's worth. To you0
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