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  • FIRST POST
    • Leanneclarke83
    • By Leanneclarke83 6th May 18, 10:45 AM
    • 2Posts
    • 0Thanks
    Leanneclarke83
    How much to offer?
    • #1
    • 6th May 18, 10:45 AM
    How much to offer? 6th May 18 at 10:45 AM
    Hi, first time poster here!
    We are looking to buy our first house together and have seen two we like. Both are 7 years old on the same estate. One is a terrace priced OiRo £189k and other is a semi priced £198k. Having looked at sale prices in the area I think both are optimisticly prices (a semi with garage and drive to the side sold for £177k in feb this year). I donít feel the house prices in the areas have increased much the past two years. The semi was bought for £189k in 2016, nothing has been done to it since then by the looks of things. The semi is also a leasehold. The seller has already said they would negotiate on price to take into account we need to buy the freehold. The seller is also pregnant and wants to move to be settled before baby.

    How much would your initial offer be and the most you would pay for these?

    My ceiling price for the terrace is £180k
    Semi £189 preferably £185k

    My partner thinks we donít stand a chance in hell for either.

    Thanks for your help!
Page 1
    • M2808
    • By M2808 6th May 18, 10:52 AM
    • 32 Posts
    • 23 Thanks
    M2808
    • #2
    • 6th May 18, 10:52 AM
    • #2
    • 6th May 18, 10:52 AM
    I would avoid a leasehold at all costs. You have to wait at least 2 years after moving, then you've got to get it all going through, unless they apply before you exchange.

    I'd be cheeky and offer somewhere between 170-175 for the terraced and see what they say, with a look to meet in the middle at your preferred price. You don't know if you don't try - and you don't lose anything by putting an offer in.

    How long have they been on the market?
    • Leanneclarke83
    • By Leanneclarke83 6th May 18, 10:56 AM
    • 2 Posts
    • 0 Thanks
    Leanneclarke83
    • #3
    • 6th May 18, 10:56 AM
    • #3
    • 6th May 18, 10:56 AM
    The leasehold/semi has been on the market for a month.
    The end terrace since January.
    I wanted to post the links but I canít as a new user.
    • Bass_9
    • By Bass_9 6th May 18, 12:34 PM
    • 142 Posts
    • 167 Thanks
    Bass_9
    • #4
    • 6th May 18, 12:34 PM
    • #4
    • 6th May 18, 12:34 PM
    Leasehold properties are not always horrendous. In some areas they're very common (almost unavoidable) and older ones can often have very long leases (999 years) with a very cheap ground rent. That said, please be wary about new build leasehold properties. People have had a lot of issues with them recently so you would have be on the ball and ensure you went over the terms of lease with your solicitor with a fine tooth comb.
    • Cakeguts
    • By Cakeguts 6th May 18, 1:01 PM
    • 4,902 Posts
    • 7,278 Thanks
    Cakeguts
    • #5
    • 6th May 18, 1:01 PM
    • #5
    • 6th May 18, 1:01 PM
    I think if you post the postcode someone will sort it out.
    • Crashy Time
    • By Crashy Time 8th May 18, 2:53 PM
    • 6,535 Posts
    • 2,440 Thanks
    Crashy Time
    • #6
    • 8th May 18, 2:53 PM
    • #6
    • 8th May 18, 2:53 PM
    http://www.bbc.co.uk/news/business-44037087
    • diggingdude
    • By diggingdude 8th May 18, 3:36 PM
    • 388 Posts
    • 497 Thanks
    diggingdude
    • #7
    • 8th May 18, 3:36 PM
    • #7
    • 8th May 18, 3:36 PM
    "On an annual basis, price growth slowed to 2.2% from March's rate of 2.7%"

    still rising then
    House Deposit - Target £20000 April 2019
    Current Savings - £10225 13121.22 £14621.22 £16021 £17296
    • Crashy Time
    • By Crashy Time 8th May 18, 4:44 PM
    • 6,535 Posts
    • 2,440 Thanks
    Crashy Time
    • #8
    • 8th May 18, 4:44 PM
    • #8
    • 8th May 18, 4:44 PM
    "On an annual basis, price growth slowed to 2.2% from March's rate of 2.7%"

    still rising then
    Originally posted by diggingdude

    Maybe not for long?


    https://www.bloomberg.com/news/articles/2018-05-08/hasenstab-joins-dimon-betting-treasury-yields-poised-to-hit-4
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