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How much to offer???
Markinjapan
Posts: 61 Forumite
Hi there,
We really like a house we have seen and it is on sale for 180k. Estate agent says they have already had an offer for the full amount from someone who has a property to sell.
How low can we offer and still have a chance (being hopeful they'd be delighted to sell to someone with no chain!)?
Start at 172, rising to 175, maximum of 177?
Or am I just crazy?
We really like a house we have seen and it is on sale for 180k. Estate agent says they have already had an offer for the full amount from someone who has a property to sell.
How low can we offer and still have a chance (being hopeful they'd be delighted to sell to someone with no chain!)?
Start at 172, rising to 175, maximum of 177?
Or am I just crazy?
0
Comments
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Estate agent maybe be telling porkies and as they say "If you're not embarrassed by your offer, it's probably too high!"
It all depends how much you want the property, but put your lowest figure in and wait for them to get back to you! In the current climate I think the ball is more in your court...
But then again, what do I know! Good luck!too young to hold on, too old just to break free and run0 -
Markinjapan wrote: »We really like a house we have seen and it is on sale for 180k. Estate agent says they have already had an offer for the full amount from someone who has a property to sell.
this might not be true, even if it is, if you are in a position to proceed you are better placed to offer on it, even at a lower price. It depends if the vendor is willing to wait for the full price, or if the propsect of a sale in an uncertain market is more appealling.Markinjapan wrote: »Or am I just crazy?
no you are certainly not crazy. offering 180k immediately on the word of some smary bloke in an ill fitting suit would be. play the game.0 -
Now thinking of starting off at 170. Worth a try!
On another note, do you make the offer yourself or get an agent to do it (is it the mortgage consultant? Ours is independent so no conflict of interest.)0
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