theoretically speaking ,what would be a fair offer to asking price in todays property market i.e 1% 5% 10% discount on average ???
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fair offers to asking prices
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Originally posted by unemployedtheoretically speaking ,what would be a fair offer to asking price in todays property market i.e 1% 5% 10% discount on average ???Last edited by basshead; 29 June 2007, 18:00. -
Originally posted by bassheadDepends on the state of house, whether you think the price is fair, the price band (are you near stamp duty threshold), the particular area, your financial position, how much you want it, how much the seller wants to sell it, your relationship with the estate agent etc etc etc
just wondered what experiences people have had.Comment
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We bought a new build from a developer which was unfinished so not the usual kind of transaction, but we offered 15% under the asking price after having a 20% under offer knocked back but that was for un unfinished but already overpriced house that we knew they needed to sell as it had been on the market for so long. They've been a nightmare ever since though, VAT dodging etc
Estate agents talk any old sh*te to get a saleComment
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When I put an offer in on that house that fell through it was £160 and the asking was originally £189,000.
The house was on the market for 12 months, I'll just let it sit there for another 12 then then offer £150.Comment
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vendor is asking £575000 and they have been offered 560k cash no mortgage to arrange nothing ! i think they are being a bit tight not to let it go to say the least ,
it needs new kitchen ,bathroom,walls knocking out ,to open it up and plumbling sorting and some cosmetic bits and pieces. floors doors etcComment
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Originally posted by unemployedvendor is asking £575000 and they have been offered 560k cash no mortgage to arrange nothing ! i think they are being a bit tight not to let it go to say the least ,
it needs new kitchen ,bathroom,walls knocking out ,to open it up and plumbling sorting and some cosmetic bits and pieces. floors doors etcComment
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we put in offer on house that was on market for £189k. We offered £170k as it needs refurbishing throughout. The vendor said no to that offer but said to the EA they would accept £180k if we offered it.
I went back with £175k offer and they still said no. We are going on holiday in a couple of weeks for a few weeks so going to wait until we get back then offer £175k again and point out the fact they could have been moving out by now if they accepted the original offer.
My friend who is an EA said that it is a buyers market at the moment and you shouldn't be affraid to put in an offer that is really low and work your way up from that. If you have no chain then you add more value to your offer.Thats the way the cookie crumblesComment
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Originally posted by unemployedvendor is asking £575000 and they have been offered 560k cash no mortgage to arrange nothing ! i think they are being a bit tight not to let it go to say the least ,
it needs new kitchen ,bathroom,walls knocking out ,to open it up and plumbling sorting and some cosmetic bits and pieces. floors doors etcComment
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Originally posted by Cooperinliverp00lwe put in offer on house that was on market for £189k. We offered £170k as it needs refurbishing throughout. The vendor said no to that offer but said to the EA they would accept £180k if we offered it.
I went back with £175k offer and they still said no. We are going on holiday in a couple of weeks for a few weeks so going to wait until we get back then offer £175k again and point out the fact they could have been moving out by now if they accepted the original offer.
My friend who is an EA said that it is a buyers market at the moment and you shouldn't be affraid to put in an offer that is really low and work your way up from that. If you have no chain then you add more value to your offer.
hence rip off asking prices , some sellers are really taking the wee wee though .Comment
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