Putting in offer on a house.

dal

dal

dal

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Well I've just started house hunting again, Ive seen a place I like but it's a bit more than I want to pay. It's on the market for £130 K, Im thinking of making a initial offer of £120 K

£122K is my target price.

One thing you should note is that I dont have a property to sell & I have a large deposit so I'm not going to have a problem getting a mortgage ( I was agreed a decision in principle a year ago ).

So what do you think of my offer, realistic ? I'm not sure how long the property has been on the market for but I first saw it on rightmove on 28th september.

Has anyone here had a place up for sale recently - what sort of offers were you getting, or if you have bought a place how much did you get knocked off.
 
We have a house up for £250k, got an offer of £220k but refused it. Not desperate to sell as mortgage is paid.

In your position I would start bids at £118k and then go £122K final offer.
 
Depends on a lot of things really, area / how many other houses for sale / demand / how the house is priced / how long its been on the market for.

Personally I would start at 115 and work up, it's always seen in good light if you weight your next few offers in the direction of the sellers price.
 
install property bee for firefox, its a plugin which will show the history on rightmove. This will gave you an idea of how long its been on for, and what prices have been asked. Property bee often shows properties having 10k knocked off every few months, the housing market is crashing, i wouldnt pay 122k if the asking price is 130k, i would be looking at 110k max for that
 
Go on land registry website.

Search House price index.

Put the postcode in and choose a date in mid 2007 (arguably peak prices). Compare the HPI from then to now and it will show you the drop in prices.

then check nethousprices.com for ercent sales and see what others have sold for...
 
Don't let the estate agent know you love the place as they will hold out for more once they know that. Go in with an offer and if its rejected don't just jump in with another offer. Keep them waiting and say you are considering other properties. If they really need to sell the property they will lower their asking price :D
 
Funnily enough I just bought my place for 122 which was advertised at 130. Pretty sure I went in a 115 to start with. It depends on what the place is actually worth and how eager to sell they are.
 
offer £115k, act like your not bothered and be prepared to let the buyer sweat a few days before raising it if reqired (if you dont mind risking it being bought by someone else that is).
 
culvers said:
install property bee for firefox, its a plugin which will show the history on rightmove. This will gave you an idea of how long its been on for, and what prices have been asked. Property bee often shows properties having 10k knocked off every few months, the housing market is crashing, i wouldnt pay 122k if the asking price is 130k, i would be looking at 110k max for that
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Excellent I didnt know about that, I'll gice it a try thanks.

I dont tend to let on when I like a place, ok maybe I'll start at 117K then, I think 110K is taking the **** a bit.
 
offer £115k, act like your not bothered and be prepared to let the seller sweat a few days before raising if required (if you dont mind risking it being bought by someone else).
 
mine on market for 310. had an offer of 270. Then 290. Then 300. Then 303. Then said yes!

Never felt particularly offended by low offers. In fact I preferred them to 'Nope, we don't want the house'!!
 
My dad is selling a property up for £220K. In his case he would be happy with an offer of around 200K although one neighbour approached him last week and offered 130K for a 'quick sale' lol.
 
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