What price should I offer?

F

f/f sam

Guest
Looking at a house to buy. Price advertised is E425,000, I am going in to offer E350,000. Am I being stupid? I would be happy spending E370,000-E380,000 but not any more. I am a first time buyer with mortgage approval. Should I be realistic?
 
On the basis that you are not in a chain, you are potentially in a strong position. Worth doing some digging to see how long the house has been on the market, if it's been on a long time then they vendors may be more willing to accept such an offer
 
we bought a house recently:
was advertised for 350,000
we offered 280,000, developer decided that we are joking, refused straight away;
estate agent beleived ,that we are serious ;),
we came up with mortgage approval for 300,000

eventually bought house for 295,000.

Try 350,000!!!
 
alica said:
we bought a house recently:
was advertised for 350,000
we offered 280,000, developer decided that we are joking, refused straight away;
estate agent beleived ,that we are serious ;),
we came up with mortgage approval for 300,000

eventually bought house for 295,000.

Try 350,000!!!
Click to expand...
Sorry to hijack in your thread but would you mind telling me where did you bought house.
 
it looks like when you are buying from a developer you can offer 20%-30% less than the asking price and get accepted...but when buying from house owner (2nd hand house) it is not that easy with this kind offers....
 
Offer the 350 and sound serious about it and leave it be. and see how you go, dont be too quick to increase your offer unless you really love and want the property and there is a bit of competition.
 
You must log in or register to reply here.
Back
Top