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    • Flossasaurusrex
    • By Flossasaurusrex 7th Jul 18, 11:29 PM
    • 14Posts
    • 8Thanks
    Advice on offer to make FTB
    • #1
    • 7th Jul 18, 11:29 PM
    Advice on offer to make FTB 7th Jul 18 at 11:29 PM
    Hi, looking for some advice as a FTB. Viewed a house today, we really like it. It's up for 199,950. We have 20k in deposit so can go up to asking. It's by a park in a popular area, we were thinking of going in at 195,000, but not sure if we should start lower. Any thoughts would be much appreciated!
Page 1
    • Robby1988
    • By Robby1988 8th Jul 18, 12:23 AM
    • 82 Posts
    • 38 Thanks
    • #2
    • 8th Jul 18, 12:23 AM
    • #2
    • 8th Jul 18, 12:23 AM
    Depends on the circumstances really. If it's not been on the market that long, the price looks right, got a lot of interest & looks like you could move in then i'd probably go in at near enough the asking price to show your serious. You can then try to negotiate down a bit if the survey (get one!) flags anything up. Go in with something too low and your making it too easy for another interested party swooping in.

    If it's been on the market a while and interest has been slow then you can afford to be a bit cheekier.
    • mije1983
    • By mije1983 8th Jul 18, 12:23 AM
    • 3,555 Posts
    • 20,306 Thanks
    • #3
    • 8th Jul 18, 12:23 AM
    • #3
    • 8th Jul 18, 12:23 AM
    How long has it been on the market?

    Are the sellers desperate to sell?

    What's the housing market like in the area?

    What do similar properties sell for?

    • Flossasaurusrex
    • By Flossasaurusrex 8th Jul 18, 6:57 PM
    • 14 Posts
    • 8 Thanks
    • #4
    • 8th Jul 18, 6:57 PM
    • #4
    • 8th Jul 18, 6:57 PM
    Thanks for your reply. We were actually the first viewers which makes me a bit nervous. It's quite a popular area, borders on a very pricey part of the city but cheaper on this side. Similar properties around the same price
    • MysteryMe
    • By MysteryMe 8th Jul 18, 9:10 PM
    • 2,072 Posts
    • 2,544 Thanks
    • #5
    • 8th Jul 18, 9:10 PM
    • #5
    • 8th Jul 18, 9:10 PM
    Do you know what the position is of the vendors, have they found somewhere or still looking. If the latter they may be less open to a lower offer.

    It's really difficult to give advice because it's your potential home and money.

    It does not sound like it's initially over priced but I don't think 195k would be considered a low ball offer.
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