Making an offer on a house - strategy

[bugsyblue]

Never give away your maximum

Especially when estate agents pour over the Bluemoon "making an offer on a house" thread.

 

[BigOscar]

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.

Yup, when I was looking for my house a couple of months ago, any decent house in the area was selling within 2 weeks for either the price or 5-10k above. Its all about the demand. I ended up getting mine by just offering the asking price, with no chain. You'll never know if you could have got it cheaper tbh

 

[bugsyblue]

Currently trying to buy in London so this has made interesting, and depressing, reading.

Haha why?

 

[joe123]

Haha why?

Just the prices mate. Everything I look at, can't help thinking what I'd get for it back home. £700k+ for a 3 bed terrace, not even in our ideal area is about the size of things at the moment.

 

[bugsyblue]

Just the prices mate. Everything I look at, can't help thinking what I'd get for it back home. £700k+ for a 3 bed terrace, not even in our ideal area is about the size of things at the moment.

Oh I see. Yes the prices are mad. If you ever move out of London though you'll cash in so think of it that way.

 

[joe123]

Oh I see. Yes the prices are mad. If you ever move out of London though you'll cash in so think of it that way.

Yep! Its a necessary evil for work at the moment, but the hope is it will be a decent nest egg for moving back home.

 

[stonerblue]

Just the prices mate. Everything I look at, can't help thinking what I'd get for it back home. £700k+ for a 3 bed terrace, not even in our ideal area is about the size of things at the moment.

All relative Joe.

 

[Sheikh rattle and roll]

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

Good luck I’m sure you will be fine

 

[Sheikh rattle and roll]

Just the prices mate. Everything I look at, can't help thinking what I'd get for it back home. £700k+ for a 3 bed terrace, not even in our ideal area is about the size of things at the moment.

Your strategy may have to be different in London
But there if you can will be a great move financially
I sold my London place in the 90s
there is a saying once you leave you can’t afford to go back
I live in Wilmslow and can’t afford to go back to London
Great place so much to do

 

[TINY]

Offer accepted :-)