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    • martinlewisjunior
    • By martinlewisjunior 2nd Oct 17, 11:43 PM
    • 75Posts
    • 12Thanks
    Offers in region of - help explaining
    • #1
    • 2nd Oct 17, 11:43 PM
    Offers in region of - help explaining 2nd Oct 17 at 11:43 PM
    Potentially about to put an offer on a property.

    The asking price is £145,000 however itís listed as offers in region of. I think itís worth £142,000 is this cheeky to ask for less?

    First time buyer. Super unsure:

    Or should I go for £140,000?
Page 1
    • amnblog
    • By amnblog 3rd Oct 17, 7:38 AM
    • 10,551 Posts
    • 4,172 Thanks
    • #2
    • 3rd Oct 17, 7:38 AM
    • #2
    • 3rd Oct 17, 7:38 AM
    Look at it this way MLJunior.

    1. Your first offer is likely to be rejected as everyone feels they can negotiate.

    2. An offer of £140,000 does not preclude a later offer of £142,000

    3. A buyer offering £142,000 to start is unlikely to have a lower £140,000 offer accepted later.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • fromtheshires
    • By fromtheshires 3rd Oct 17, 11:18 AM
    • 292 Posts
    • 243 Thanks
    • #3
    • 3rd Oct 17, 11:18 AM
    • #3
    • 3rd Oct 17, 11:18 AM
    My house is on as a guide price which to me is exactly the same as Offers in the region of. It is inviting people to put forward what they think the house is worth but there is an indication of the overall value provided by the estate agent

    It all depends on the vendor, but I am willing to accept and offer within a reasonable percentage of my guide price. If it were me, at 145 I would start at 140 and work my way up to what you are willing to accept.
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