first time buyer, gone to best and final

garydufley

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!

Owleyes00

What can you afford and what do you think it is worth?

theartfullodger

You bid what you think it's worth.  To you 

nicknameless

theartfullodger said:

You bid what you think it's worth.  To you 

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.

garydufley

thanks all

owenjt

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! 

badger09

nicknameless said:

theartfullodger said:

You bid what you think it's worth.  To you 

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.

'Often advocated' Really?

Thrugelmir

garydufley said:

not sure if I should punt at 5%, 10% or even nearer 15%

Don't let your hear rule your head. Be another property along soon enough. Silly bids will get you discounted immediately. 

garydufley

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.

Slinky

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.

HotPantsCruiser

nicknameless said:

theartfullodger said:

You bid what you think it's worth.  To you 

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.

Not much someone can do about their lender correctly valuing a property though?