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First Time Buyer - Not Sure How Much to Offer

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jcnewcastle
jcnewcastle Posts: 30 Forumite
in House buying, renting & selling
Myself & partner are interested in the property below and are unsure on how much to offer. A house in the same street sold for £180k late last year and that property was ready to move into, whereas this will need a little bit of work.
https://www.rightmove.co.uk/property-for-sale/property-57285366.html

It looks like the seller has already moved on so I can't imagine they will need the money to complete on their new property. It is also worth noting the amount of time the property has been listed for.

All help would be appreciated!

Comments

  • KatieDee
    KatieDee Posts: 709 Forumite
    First Anniversary Combo Breaker First Post
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    What work needs doing? That property looks almost perfect to me.
  • jcnewcastle
    jcnewcastle Posts: 30 Forumite
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    The kitchen & bathroom need to be replaces in my opinion. They are both almost 10yr old.
  • need_an_answer
    need_an_answer Posts: 2,812 Forumite
    First Anniversary First Post
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    Looking at the listing I too can't see much justification for knocking them down on "work that needs doing"

    No idea about the area or if the price is competitive in relation to other properties around that area but it looks a good solid type of house to me


    Rather than asking the question of how much you should offer,what are you prepared to offer?


    A seller will usually have a figure in mind and it then becomes a waiting game to match a sellers expectations to that of a buyer and visa versa


    Your offer needs to be realistic although can be less than the asking price.

    Judging by its previous sold price I would think they wouldn't sell lower than £180k (but I'm not the vendor)

    Its possible from previous sold pictures that they had a go at selling in 2015 and didn't follow through...


    How about an opening offer of £182k?


    What figure could you go to for the right property?
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  • need_an_answer
    need_an_answer Posts: 2,812 Forumite
    First Anniversary First Post
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    jcnewcastle wrote: »
    The kitchen & bathroom need to be replaces in my opinion. They are both almost 10yr old.

    how did you establish that the kitchen and bathroom are 10 years old?
    in S 38 T 2 F 50
    out S 36 T 9 F 24 FF 4

    2017-32 2018 -33 2019 -21 2020 -5 2021 -4 2022
  • jcnewcastle
    jcnewcastle Posts: 30 Forumite
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    need_an_answer wrote: »
    Looking at the listing I too can't see much justification for knocking them down on "work that needs doing"

    No idea about the area or if the price is competitive in relation to other properties around that area but it looks a good solid type of house to me


    Rather than asking the question of how much you should offer,what are you prepared to offer?


    A seller will usually have a figure in mind and it then becomes a waiting game to match a sellers expectations to that of a buyer and visa versa


    Your offer needs to be realistic although can be less than the asking price.

    Judging by its previous sold price I would think they wouldn't sell lower than £180k (but I'm not the vendor)

    Its possible from previous sold pictures that they had a go at selling in 2015 and didn't follow through...


    How about an opening offer of £182k?


    What figure could you go to for the right property?
    Yeah I imagine they wont go much lower than £180k so I am looking to get as close to that figure ideally. I have a little bit extra money to play with but don't want to overpay.
  • jcnewcastle
    jcnewcastle Posts: 30 Forumite
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    need_an_answer wrote: »
    how did you establish that the kitchen and bathroom are 10 years old?
    I have found the listing for when the property was purchased in 2007.
  • need_an_answer
    need_an_answer Posts: 2,812 Forumite
    First Anniversary First Post
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    jcnewcastle wrote: »
    I have found the listing for when the property was purchased in 2007.

    are you sure that was the pictures for the listing when purchased in 2007 or are the pictures for when it was remarketed in 2015...there could be a difference.
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