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Advice on offer price please
Iloveabargain_2
Posts: 3 Newbie
We had our house on the market for a few months and accepted an offer of 95.7% of asking price (only person that offered after 15ish viewers). We have been looking for a property for months and have only found one that we both really like. It is a bit over our budget though. We have viewed a few properties marketed at the same price which have 1-2 more bedrooms but this one is a nice quiet location away from main roads, which we like. We have offered twice, the last being 96% of asking price. It was rejected and we were told they want over a certain price at 98.7% of asking price. We just cannot stretch that far. Any advice? Is it worth going back with another offer below what they indicated?
Our buyer is threatening to pull out so we cannot wait around too long.
Our buyer is threatening to pull out so we cannot wait around too long.
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Comments
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You can make another offer and they can say no. It is likely to be a no because they have indicated what they would like to get and it will depend on how soon they want to sell.0
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All you can do is make your best and final offer and reiterate to EA that this is your best and final offer and hope it gets accepted. Be prepared to walk away if it's not as you can't afford more
Good LuckCurrent Mortgage 01.10.17 £113,513.88
MFW Start Mortgage: £114,794.64
Current MED: 2036:eek: Target MED: 2026
Overpayment Target for remainder of 2017: £2,000
Mortgage overpayment savings: £684.80
MFW No 124 :money:0 -
Iloveabargain wrote: »95.7% of asking price .. 96% of asking price .. 98.7% of asking price
You're looking at it too black and white. What is 95.7%, 96% etc? How does it relate to your income? Generally £5,000 is neither here nor there in a house purchase but if you are working things out to the nth % place then you may not be thinking the right way about the transaction.Signature on holiday for two weeks0 -
In your shoes I would sell your house regardless....move into rented. If you've only had one offer it could be a slow sale. Then relax about buying your new place.0
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