Making an offer on a house - strategy

TINY said:
Been to see a house today, and we’re pretty sure we want to make an offer.

House is on the market for £210k. In respect of work, it needs very little. There is a pointless door leading into the living room that’s currently blocked with a couch, so that would need bricking up (£600?), there’s a small amount of damp on the ceiling near the chimney breast in the bedroom, however the vendor has said they’ll have the work done and produce an invoice to show it’s been done.

We’ve checked local sold properties, had a few online valuations and most come out around £195-200k. For absolutely no reason I’m looking at 8% reduction for the offer, so make an offer of £193,200. How does this sound to people? What would you offer?
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For me it totally depends on your position
If you are chain free and good to go put in a reasonable offer you can always go up
8 percent sounds fine
 
TINY said:
Been to see a house today, and we’re pretty sure we want to make an offer.

House is on the market for £210k. In respect of work, it needs very little. There is a pointless door leading into the living room that’s currently blocked with a couch, so that would need bricking up (£600?), there’s a small amount of damp on the ceiling near the chimney breast in the bedroom, however the vendor has said they’ll have the work done and produce an invoice to show it’s been done.

We’ve checked local sold properties, had a few online valuations and most come out around £195-200k. For absolutely no reason I’m looking at 8% reduction for the offer, so make an offer of £193,200. How does this sound to people? What would you offer?
Click to expand...
That seems a good place to start but decide on a top limit and stick to it
 
The point re your position stands. The biggest factor is how long its been on the market. Short supply means many are going within a week and often above asking following a bidding war, for others, people insist on putting it on the market for way over and it sits there un sold for ages. So you pick the approach that suits.
 
TINY said:
Been to see a house today, and we’re pretty sure we want to make an offer.

House is on the market for £210k. In respect of work, it needs very little. There is a pointless door leading into the living room that’s currently blocked with a couch, so that would need bricking up (£600?), there’s a small amount of damp on the ceiling near the chimney breast in the bedroom, however the vendor has said they’ll have the work done and produce an invoice to show it’s been done.

We’ve checked local sold properties, had a few online valuations and most come out around £195-200k. For absolutely no reason I’m looking at 8% reduction for the offer, so make an offer of £193,200. How does this sound to people? What would you offer?
Click to expand...
I'd be wary of that 'small patch of damp'.
 
Sheikh rattle and roll said:
So was it accepted ?
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House has only been on the market for 7 days and has some interest. We offered £194k which was rejected, they’d received an offer before us that was less than ours.

I don’t like wasting time so I’ve moved to just a tad under our top end and advised as such. That was 2:45pm yesterday and still to hear
 
TINY said:
House has only been on the market for 7 days and has some interest. We offered £194k which was rejected, they’d received an offer before us that was less than ours.

I don’t like wasting time so I’ve moved to just a tad under our top end and advised as such. That was 2:45pm yesterday and still to hear
Click to expand...
Never give away your maximum
 
Currently trying to buy in London so this has made interesting, and depressing, reading.
 
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