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What to offer on a guide price
scotboy82
Posts: 13 Forumite
Hi
We are looking to put in an offer on a house that has a guide price of 185-200k. This house isn't at auction it is just through an EA but has a guide price range rather than a certain asking price.
What does a guide price typically mean does this mean they are looking for 185k 192.5k or 200k?
We were going to offer 170k. This was based on the land registry prices for that street. There was a house on the street that sold for 205k in aug 2007 and was sold in mar 2002 for 145k (so roughly 40% increase). Whether as the house we want to buy sold in mar 2002 for 110k so by offering 170k in todays climate (a 55% increase) this seems more than fair. Any advice is this likely to be accept or at least make the vendors reduce their price? Do providing facts like this normally help when buying a house?
Thanks
We are looking to put in an offer on a house that has a guide price of 185-200k. This house isn't at auction it is just through an EA but has a guide price range rather than a certain asking price.
What does a guide price typically mean does this mean they are looking for 185k 192.5k or 200k?
We were going to offer 170k. This was based on the land registry prices for that street. There was a house on the street that sold for 205k in aug 2007 and was sold in mar 2002 for 145k (so roughly 40% increase). Whether as the house we want to buy sold in mar 2002 for 110k so by offering 170k in todays climate (a 55% increase) this seems more than fair. Any advice is this likely to be accept or at least make the vendors reduce their price? Do providing facts like this normally help when buying a house?
Thanks
0
Comments
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What it sold for in the past is pretty irrelevant. Offer what you think its worth in todays market.0
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