How much to offer?

mi-key

I’m not sure, it could be that, but again I’m thinking we need to change a couple of things which will not be cheap to do so that’s part of our thinking.

Going to talk it over again tonight with my OH and see where we end up, then speak to the agents tomorrow.

Things you want to change for yourself aren't a reason for a seller to accept less for it. If that was the case very buyer would be offering £100K less saying they wanted to build an extension and have solid gold bathroom taps.

The seller gets no benefit from you putting in a bath or changing bits and pieces as they won't be living there.

One risk is if you put in a low offer, and then try and negotiate up to say £470K, but someone else puts in the same offer straight away, the seller may prefer to sell to them as they may think you either can't afford the house, or are going to try and chip  more money off later in the process 

Wishywashy74

Appreciate all the comments, it’s been 7 years since I last purchased a property and 17 for my my OH. Always good to get opinions on such a critical process.

Food for thought definitely…

youth_leader

I was 64 when I downsized to this bungalow.  I won't be moving again, and know my kids won't have any trouble selling it when I go because they aren't being built in this county any more and do command premium prices as the footprint is normally large.

If you really like the property I would offer full asking, subject to survey.  If your offer is accepted ask for it to be taken off the market to avoid gazumping - although it might go to a bidding war.

MikeJXE

youth_leader said:

I was 64 when I downsized to this bungalow.  I won't be moving again, and know my kids won't have any trouble selling it when I go because they aren't being built in this county any more and do command premium prices as the footprint is normally large.

If you really like the property I would offer full asking, subject to survey.  If your offer is accepted ask for it to be taken off the market to avoid gazumping - although it might go to a bidding war.

Totally agree, I have bought and sold 10 homes in my lifetime always choosing a home I really wanted hence always offered the asking price subject to survey and it must come off the market, I never lost one. 

Slinky

Don't be sure that a vendor will bother coming back to you after rejecting your initial offer. We had a property up for sale for £237.5K. We had an offer of £220K, going up by £2K increments to £228K which we rejected. When we then received an offer of £235K from somebody else we didn't bother going back to the other people as they had already shown their tactics.

housebuyer143

Martylaa said:

My partner and I are going to get a house together, we would like to stay in our village and ideally a detached decent sized property is what we are after, maybe a bungalow as there is only two of us and my daughter will occasionally stay for weekends.

We have viewed a detached bungalow that had just come on the market, it’s really nice, private, detached, 3 bedroom and has almost everything we want.

The only thing is there is a few quirks inside that we would have to change, no bath but two big showers, one of the bedrooms would need slight alterations to make it a bedroom/office and the kitchen sink is in a strange part of the kitchen where we would look to move it and add a dishwasher.

Everything else is beautifully done and no expense spared to be honest.

These type of properties rarely come up, now we are debating how much to offer on it, it’s on for £475,000 and they have just turned an offer down. We are trying to work out how much to offer as it needs those changes doing to make it fully work for us, once it’s done then I can easily see this being our forever home.

Im thinking going in around £460000-£463500 and see what they say, I know deep down I’d hate to not get it but again we would have to spend money quite soon to make it perfect for us.

Or are we being daft and offer full?

Honestly, if you love it just offer asking price. Don't mess around. Especially as it's just come on and they turned down an offer.
Those few alterations don't seem to be big or expensive. You would probably regret losing it if you tried to haggle over a few thousand.

Wishywashy74

Another point my OH has just raised there are two houses in this road, the bungalow and a detached house only. On first viewing they both appear to have double garages, however it turns out the bungalow only has one garage and a parking bay. My OH said there was a car on the other bay in front of the adjoined garage (single doors) the other day, now that car is parked in front of the other houses garage? I’m starting to wonder if previous owners have sold half of the bungalows garage to the neighbours who now may have a double and the one next to the bungalow?

Is there anywhere online I can check to see if the garage from the bungalow was sold because of not it’s a bizarre layout garage wise.

lika_86

Martylaa said:

Another point my OH has just raised there are two houses in this road, the bungalow and a detached house only. On first viewing they both appear to have double garages, however it turns out the bungalow only has one garage and a parking bay. My OH said there was a car on the other bay in front of the adjoined garage (single doors) the other day, now that car is parked in front of the other houses garage? I’m starting to wonder if previous owners have sold half of the bungalows garage to the neighbours who now may have a double and the one next to the bungalow?

Is there anywhere online I can check to see if the garage from the bungalow was sold because of not it’s a bizarre layout garage wise.

Assuming it's registered, you can get the title plan from the Land Registry.

MultiFuelBurner

When was it last sold sometimes previous for sale info and pictures can be found on Zoopla sold house prices 

Wishywashy74

lika_86 said:

Martylaa said:

Another point my OH has just raised there are two houses in this road, the bungalow and a detached house only. On first viewing they both appear to have double garages, however it turns out the bungalow only has one garage and a parking bay. My OH said there was a car on the other bay in front of the adjoined garage (single doors) the other day, now that car is parked in front of the other houses garage? I’m starting to wonder if previous owners have sold half of the bungalows garage to the neighbours who now may have a double and the one next to the bungalow?

Is there anywhere online I can check to see if the garage from the bungalow was sold because of not it’s a bizarre layout garage wise.

Assuming it's registered, you can get the title plan from the Land Registry.

Thanks, just done that and it’s strange, it shows the bungalow as owning half the garage and parking bay but next doors plan just shows their detached house and double garage. I’m not sure now who owns the garage and bay next to us now???