best tactics for buying a house in a desirable area?

Bes · 12 Apr 2006 at 13:00

Hi

I am currently trying to buy a house in the Eccleshall Road/ Banner Cross area of Sheffield. Now houses here only stay on the market for a couple of weeks and often go a few % above their asking price.

I have already lost 1 house. It was up for £167,500 and I offered £162,500 initially then £173,150 when it went to closed & final offers and didn't get it.

What is the best way of offering? in this situation- to go straight in at full asking, to go straight in higher and hope they take it? or to go in below again?

I am a FTB with a mortgage of about £170,000 at my disposal.

Thanks

crashuk · 12 Apr 2006 at 13:06

well i would go below, theres always gonna be better deals around the corner.

vanandjuanunited · 12 Apr 2006 at 13:08

Depends how badly you want it. If you are prepared to offer higher make the offer conditional on the property being removed from the market ie no more viewers.

Phantom · 12 Apr 2006 at 14:17

depends on how badly you wanted it. if you think its the one for you offer the asking price and tell them to take it off the market.. thats a sure way of doing it.

alternatively, spread negative rumours about the property/street; pay chavs to visit and hang out when viewings take place that'll put off the punters!

Bes · 12 Apr 2006 at 14:43

Phantom said:
alternatively, spread negative rumours about the property/street; pay chavs to visit and hang out when viewings take place that'll put off the punters!

lol great idea