Sorry to bore you all with these threads, finding this so stressful yet it’ll be the “easiest” buy we do as FTB. Background: we want to buy in the village we rent in, houses don’t come up very often here, it’s not a massively popular location so some houses can stay on the market for a while but the “right” houses go relatively quickly if this makes any sense. So one of the most popular locations, a 10 year old estate, has a 3 bed up for sale. It went up on Monday, I tried getting in this week but it’s tenanted and they’re being a bit awkward, hard to get hold of. We’ve booked in for Saturday but want to get in sooner as apparently there are others trying to view too (this could all be estate agent talk mind!)
My question is, is it risky going £10,000 under the asking price if others are interested? I want to go under because this house is on for £185k, but 2 identical styles sold in November and December for £165,000 and £175,000 with garages, this one does not have a garage. The selling point to this house though is that it is on the edge of the estate with lovely open countryside views, so I guess that’s why they’ve put it on for more- BUT there are very early plans to potentially develop the land so I don’t want to overpay for just this element.
Anyway, we would like to offer £175k in the hope of meeting in the middle at £180,000.
Is this just too risky if others are potentially interested? We REALLY want this house, but would feel £185,000 is a tad too much. The £165k property sold very quickly, the £175k (that was on for £185k) was on for 6 weeks.
I would offer 175k, you may find that others who are viewing are coming from the same position as you and are planning to offer less than the asking price (if they plan to offer at all). It's hard when you feel that panic over potentially missing out on a property but unless it is your dream home I wouldn't let yourself get panicked into paying more than you feel it is realistically worth.
my best advice is to buy a house with your head. We missed out on our dream home recently because someone wanted to pay more (over paid in my opinion). We are having to be very patient as we're stuck in the catchment area for our school as wont be guaranteed a place for ds2 and dd otherwise. If you think it's worth x, pay that and no more.
I hate the games too and agree it's very stressful! we're ftb and touch wood near the end of buying a house but we've had 4 fall through or we've withdrawn. Offer £175k, if they get a higher offer they will tell you and they will also try to negotiate higher if the sellers want more, try to stay firm and not offer more than you're willing to spend, fingers crossed they accept your offer!
We just made an offer..The house is 609,000 thousand , we offered 585,000 and they took it.. I would stick with what you feel comfortable with.. I don't think people will be offering more, but who knows,, Good Luck
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