We like the look of a house that is on the market for £160,000, itís been on the market since July, it has had interest but I gather those interested are struggling to sell their own houses (that may be estate agent talk!) what do you think a good opening offer would be and what would you hope for? I appreciate thatís a hard one to answer without knowing all the details, to be honest thatís all the detail I have ha. We're first time buyers so ready to go. Weíve only looked at new builds before so donít really know how it works in terms of the used market, I gather offering a lower price is normal? (It doesnít state offers in excess and isnít a terribly buoyant market where weíre looking which is why I want to be sure if we do go for it we get the right price). Any thoughts/musings welcome!
Being first time buyers works I'm your favour as your ready to go so to speak, I've always being very cheeky when buying houses, plus the fact in being on the market since July, have the owners found anywhere they want to buy? I would start at around £145k and work upwards. The house is only worth what someone is willing to pay for it. Good luck xx
If they've overvalued their house (which it sounds like they have), it's awkward as the offer is always going to seem cheeky. Can you do a search on zoopla to see how much nearby properties have sold for? I would be inclined to offer 140-145. People offered 20k below for ours, we just said no.
I would probably start around £145k. You're a first time buyer so they're more likely to accept a cheeky offer since you're at the end of a chain and that makes it so much simpler for a house seller. Good luck!
Ours was on for 160, we got it for 140. Started by offering 130 and worked up. Looked at what others nearby had sold for. She had overvalued it as our mortgage company said it was worth 145 so we couldn't have offered above that anyway
Any opinions, advice, statements or other information expressed or made available on BabyandBump.Momtastic.com by users or third parties, including but not limited to bloggers, are solely those of the respective user or other third party. They do not reflect the opinions of BabyandBump.Momtastic.com and they have not been reviewed by a physician, psychologist or parenting expert or any member of the BabyandBump.Momtastic.com staff for accuracy, balance or objectivity. Content and other information presented on BabyandBump.Momtastic.com are not a substitute for professional medical or mental health advice, counseling, diagnosis, or treatment. Never delay or disregard seeking professional medical or mental health advice from your physician or other qualified health provider because of something you have read on BabyandBump.Momtastic.com. BabyandBump.Momtastic.com does not endorse any opinion, advice, statement, product, service or treatment made available on the website. If you think you have a medical emergency, call your doctor or emergency services immediately.