How much to offer?

theoretica

Martylaa said:

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???

I like this site for looking at outlines of land registry plots - does it show a 3rd owner between the bungalow and house?  https://www.landregistry-uk.com/map-search

theoretica

Martylaa said:

MultiFuelBurner said:

Is this just a case of you don't want to pay the asking price? Some people are just wired that
way.

Ask yourself

What difference does paying the full price mean to you financially? 

Would you be prepared to risk a gazumping offering under the asking price?

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.

Would you have gone to see it if the advert price had been 499k?  What might you now be thinking of offering?  Or an advert price of 450k?  It is the same property...

youth_leader

That's annoying about the garage and parking bay Martylaa, I have seen posts on here about disputes regarding garage ownership. Definitely worth getting clarification.

Not sure how old your vendors are but I'd guess at 70's as they had their bath taken out - and perhaps they are no longer driving/car owners.

cymruchris

If the seller is asking £475k, and it's a house style/size/location that doesn't come up that often - and you want it - and don't want to wait for the next one - offer asking or very, very, very close. If there's a chance others will be interested don't lose it over a few thousand pounds. It might be a year before the next one appears. It could be a week. Nobody knows.

You can of course offer lower - but be prepared to lose it - if the seller receives two offers, and yours is well below, and the other is on the button or as near as dammit - and they are for example cash buyers in no chain - the seller may not even bother to come back to you to 'bargain'.

It's the risk you take. How much do you WANT this particular house. How long can you wait until the next one comes up?

comeandgo

I have never understood the desire to go cheap on a property you want, you risk loosing it for a few thousand pounds.  Go in way under asking price and there could be someone offer better on the same day and you can’t even up your offer as other has been accepted.

Wishywashy74

Been checking the land registry, the garage belongs to someone whos house backs onto the garage, basically the way they built the village some people can’t park out the front the their house so hence they have a garage next to the bungalow for their parking. So the bungalows always had just the single garage.
That sits better than they potentially sold it to someone earlier in its build.

TheJP

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?

As others have said its pretty unreasonable to offer lower because you want to make changes that suit how you want the house to function, if you do offer lower (knowing a lower offer has been rejected) and use this as reasoning (most sellers will want to know why you offered below asking to aid their decision making) you will be laughed at and not taken seriously if you up your offer. Also factor in if you get a survey done and the property requires attention in certain areas, the seller will unlikely accommodate more reductions.

If its a house you want in an area you want to live in and you can afford it then go in slightly under. You can make the desired changes at different stages when you can afford it.

Wishywashy74

Just been informed he turned down two offers from someone who simply knocked on the door without going through the agents for £455 and £460k.

We were thinking of offering £460k tbh and not much more as our limit, wonder if he’ll entertain it?

TheJP

Martylaa said:

Just been informed he turned down two offers from someone who simply knocked on the door without going through the agents for £455 and £460k.

We were thinking of offering £460k tbh and not much more as our limit, wonder if he’ll entertain it?

You do realise you just told us the seller rejected a £460k offer....

youth_leader

I'm not surprised he turned down the door knocker, it is better to have the EA chasing for proof of funds.

Nothing ventured nothing gained as they say, offer and see if they accept or counter offer.