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What should i offer for the asking price of 235000

We are in the process of buying a house,Asking price is 235000
What should be our first offer to them
The house is in hounslow council

Has anyone else had experience in the last months or so of buying a houses and how much they can be lower down the price?

Is it the right time to buy a house as i am not a good market observer
I am a first time buyer

Thanks

(Plz correct me it is 235000 not 35k)
«1

Comments

  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    property for 35K, i will have ten please
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    It's probably a shed... or a shared ownership scheme (I'm guessing the latter) - bottom line is don't offer more than you can afford. Can't be specific as we'd need more info on the property / area etc
  • m00m00
    m00m00 Posts: 1,755 Forumite
    it depends on more variables than are available

    how 'motivated' is the seller
    how long has it been on the market for
    what have similar properties been selling for
    etc
    It's a health benefit ...
  • JimmyTheWig
    JimmyTheWig Posts: 12,199 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Obviously don't offer more than you can afford, but I presume that you can afford it, want it, and are just thinking about the haggling.
    From my experience (none in the last couple of years) I'd say offer 220/225 and go from there...
  • jizadine
    jizadine Posts: 117 Forumite
    Me and the OH are are in the same position, we are thinking of goin in at 210.... Just waiting to see if we can get mortgage in principle first... House been on market for
    roughly 2-3 months.

    Jz
  • JimmyTheWig
    JimmyTheWig Posts: 12,199 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Is it the same property?
    ;)
  • janegal
    janegal Posts: 77 Forumite
    I would offer first £210k then they will reject it, then next move you say house market is not going anywhere, you are worried about negative equity and would not pay more than £220k (or whatever is your ceiling)
    [/COLOR]With a Lemon, Make a Lemonade
  • BettiePage
    BettiePage Posts: 4,627 Forumite
    Start way lower. About £180k and work up from there. If you're not embarrassed by your offer, it's too high.
    Illegitimi non carborundum.
  • jizadine
    jizadine Posts: 117 Forumite
    Is it the same property?
    ;)

    It might be.....
  • jizadine
    jizadine Posts: 117 Forumite
    BettiePage wrote: »
    Start way lower. About £180k and work up from there. If you're not embarrassed by your offer, it's too high.

    The last house on the street sold for £212k - this one is slightly bigger. Defo bigger garden. My missus will pay anything up to full asking to get it. I think she is crazzzzzzzzzzy, but what a woman wants.......
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