Putting in an offer on a house

[Jamie.]

I am buying my first house within the next few weeks. The one I like has dropped from £50k to £34k over a 3 month period. I think I would be a fool not to snap this one up (Providing no one else does before the end of this week) as any others at that price in my town have been sold within a few weeks.

The asking price is now £34,500. What would be a sensible offer based on that asking price? I don't want to lose out on this one as it's more suited to my needs than others similarly priced.

Cheers

[LustyLew]

Where do you live to get a place for £35k?! That wouldn't buy me 10% of a flat share in the shittest part of London!
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Like a Yorkie - I'm not for the girls

[angryjonny]

I assume he's missed a zero off the price.

If you want to "snap it up" then offer the full asking price. If you want to save yourself a few quid then offer 90-95% asking price but be prepared to risk someone else snapping it up in front of you.

[Aff]

[Jamie.]

I live in a small town in Northern Ireland, There are other houses in a village 5 miles from where I'm from and £22k will buy you a 3 bedroom semi with quite a big yard/garden but I want to stay in the same town.

I'm more than happy with 34.5k for the house so will possibly offer 34k..

[stinkwheel]

I do know that in England, you can pay £8 for a full extract from the land registry which tells you how much the last person paid, when they paid it, how much their mortgage was for and with who.

That can tell you a hell of a lot about how much is still owed and therefore how much they need to get out of it.

When I bought my house, the previous owners had divorced and moved into different houses but were still paying the mortgage and were clearly desperate to get the thing shifted. I worked out how much they would need to wipe their feet, added a couple of thousand so they felt good about the deal and offered them that.

EDIT: Offer them £30k and a horse.
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“Rule one: Always stick around for one more drink. That's when things happen. That's when you find out everything you want to know.”
I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles.

[chris-red]

I would love a 2-3 bed house with a garage unfortunately that would cost me roughly 6 times the price you are looking at.
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Well, you know what they say. If you want to save the world, you have to push a few old ladies down the stairs.
Skudd:- Perhaps she just thinks you are a window licker and is being nice just in case she becomes another Jill Dando.
WANTED:- Fujinon (Fuji) M42 (Screw on) lenses, let me know if you have anything.

[angryjonny]

[Bomberman]

[Minty]

I use www.mouseprice.com

I moved Sept 11 and my details are on there. Worth a punt.
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My fingers smell of your mum.

[Bomberman]

[Nexus Icon]

[syl]

The average house goes for around 95% of the asking price. Offer them 90% and if they don't take it, offer 94% then 96%. Then move on.
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Current bike: Kawasaki Z750S

[_Will_]

Whats that town called?

*Starts looking at moving to Ireland*


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Past -Honda qr50 | 2004 Peugeot Tkr s 50| | 1996 Yamaha XJ600s Diversion|

[T0MMY]

In 30 years, when your repayments are a drop in the ocean, a few extra grand is going to mean bugger all. If you want the house, don't risk losing it trying to save a few quid.
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ZX6R + CBR600RR

[defblade]

"If you're not embarassed making your first offer, it's not low enough."

You can always offer more, after...
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Honda Varadero 125cc => Suzuki Bandit 650 33bhp => 77bhp =>
BMW K1200R Sport 163bhp => Aprilia Shiver GT 750 95bhp

[Deaks]

[syl]

They may well think you a complete time waster if you offer a rediculous price - even going so far as telling the agent not to take anymore bids from you (in case you then tried to drop it again nearer exchange of contracts).
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Current bike: Kawasaki Z750S