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tom130691

Premium Member

Registered: 13th Sep 08
Location: Daventry
User status: Offline

3rd Sep 14 at 12:14

Found a house i would like to make an offer on it is currently at 195K

I would like to be at 190k and the agent has hinted that from his side too,

Would it be unreasonable to try them at 185k?

Im a first time buyer,
house is a trade in and owned by a devloper,

Ian

Site Administrator

Registered: 28th Aug 99
Location: Liverpool
User status: Offline

3rd Sep 14 at 12:31

Depends how much you want it, I'd be asking when they want their 175.

tom130691

Premium Member

Registered: 13th Sep 08
Location: Daventry
User status: Offline

3rd Sep 14 at 12:33

I wouldnt say im in love with it, but its defiantly the best ive seen, and is already a pretty good price,

only been on the market 1-2days

Chris x

Member

Registered: 11th Sep 08
Location: Bexhill
User status: Offline

3rd Sep 14 at 13:13

All they can say is No.

Try £185k, if they say no go £190k!

Marc

Member

Registered: 11th Aug 02
Location: York
User status: Offline

3rd Sep 14 at 13:14

I'd even go as low at £175k as a starting point.

Chris x

Member

Registered: 11th Sep 08
Location: Bexhill
User status: Offline

3rd Sep 14 at 13:19

Any reason for going to £175k? Anything wrong with it?

Not as if its been on the market for months!

luciaadr

Member

Registered: 11th Aug 04
Location: Bexleyheath, Greater London
User status: Offline

3rd Sep 14 at 13:22

Depends entirely on the strength of the local market, you should have an idea what houses in the same area go for, if £195k is a fair price then £175k will get declined obviously, as will £185k.

But then I've never bought a house outside London where the market is bonkers, or from a developer who I think will negotiate more than a private seller, but may knock you down on the trade in.

May as well go in as low as you like, they can only say no, and go from there

Jimbothebarbarian

Member

Registered: 19th Apr 07
Location: Cumbria..........drunk..
User status: Offline

3rd Sep 14 at 13:22

I always use sites like zoopla and research what the house has sold for in the past and what others nearby went for.

Two reasons, one you know what the house owes them, and two, what they're going for now.

Of course reasonable sellers will also take this info into account but you will always get the Muppets who think their gaff is worth more than it is. You can't do much about that though.

Marc

Member

Registered: 11th Aug 02
Location: York
User status: Offline

3rd Sep 14 at 13:29

quote:
Originally posted by Chris x
Any reason for going to £175k? Anything wrong with it?

Not as if its been on the market for months!

Thats as low as I would go personally, so would start with a cheeky punt.

dannymccann

Member

Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline

3rd Sep 14 at 16:09

If you go in at £185k and they accept it straight away you will be gutted you didn't try for a bit less and let them barter you up

[Edited on 03-09-2014 by dannymccann]

Aaron

Member

Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline

3rd Sep 14 at 16:38

Offer £180k, and tell them that your next offer will be £178k

Ben G

Member

Registered: 12th Jan 07
Location: Essex
User status: Offline

3rd Sep 14 at 18:49

20k off a property less than 200k

things must be different up north. No way you'd get that discount down here unless the house was rotten.

We got ours for 4k less than advertised price and most of the properties in my street that have sold have about the same Percentage off.

AndyKent

Member

Registered: 3rd Sep 05
User status: Offline

3rd Sep 14 at 19:19

Look up what local properties are worth through mouse price or similar.

If a house is genuinely worth near its asking price then deciding to knock 25k off a house 2 days after it goes on the market is (in my opinion) counter productive.

Makes you look like a chancer rather than seriously interested.

tom130691

Premium Member

Registered: 13th Sep 08
Location: Daventry
User status: Offline

4th Sep 14 at 09:12

Put in an offer of 187,500,

got rejected as an identical house has gone up at 197,500 and it doesnt have a garage,

moved up to 190,00 waiting to here, agent seems to think worst case is they may come back with 191-192,

tom130691

Premium Member

Registered: 13th Sep 08
Location: Daventry
User status: Offline

5th Sep 14 at 06:25

got it at 190 in the end

http://www.rightmove.co.uk/property-for-sale/property-32156709.html

VrsTurbo

Premium Member

Registered: 8th Jun 10
User status: Offline

5th Sep 14 at 08:05

amazing what you get 30mins down the road! that would be near 250k in harborough

Aaron

Member

Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline

5th Sep 14 at 17:17

Looks lovely

Ben G

Member

Registered: 12th Jan 07
Location: Essex
User status: Offline

5th Sep 14 at 17:48

That looks lovely.

Same here regarding price. Easy 250k+ here. Unreal.

ChazSXi

Member

Registered: 26th Jan 03
Location: Waterlooville, Hampshire
User status: Offline

6th Sep 14 at 20:10

Our house was £250k and we offered £222k, got it for £227.5k in the end...worth being cheeky

John

Member

Registered: 30th Jun 03
User status: Offline

6th Sep 14 at 20:58

Its not worth being cheeky unless its massively overpriced. I hate the whole house thing, same as cars. Should advertise it for a fair price get that fair price, no pissing about.

I think a lot of people think thyley got a 250k house for 220k and don't realise that they got a 220k house for 220k.

ChazSXi

Member

Registered: 26th Jan 03
Location: Waterlooville, Hampshire
User status: Offline

6th Sep 14 at 21:09

quote:
Originally posted by John
Its not worth being cheeky unless its massively overpriced. I hate the whole house thing, same as cars. Should advertise it for a fair price get that fair price, no pissing about.

I think a lot of people think thyley got a 250k house for 220k and don't realise that they got a 220k house for 220k.

Valued at £262k.just right position at right time.

John

Member

Registered: 30th Jun 03
User status: Offline

6th Sep 14 at 21:12

A 250k house valued at 262k. Not a chance unless for renewing mortgage purposes or some other manipulation of finances. Every single 262k house in Britain is worth exactly 250k.

Aleex

Member

Registered: 21st Jul 09
Location: Plymouth
User status: Offline

8th Sep 14 at 11:08

how cheap! that would be huge money down my way

Ben G

Member

Registered: 12th Jan 07
Location: Essex
User status: Offline

8th Sep 14 at 12:12

House next door was up for £265,000 and sold for that price John.

John

Member

Registered: 30th Jun 03
User status: Offline

8th Sep 14 at 17:52

That's pretty strange. That's a lot of stamp duty.