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Putting in an offer as a first time buyer

I'm a first time buyer and I've seen a house I like for 117,500. I put in an offer of 110,000 which was refused, then increased this to 115,000 which was accepted, but I panicked and retracted my offer. Now I've changed my mind (de-stressed) and still want the house - can I go lower than 115,000 or should I stay put?

Asked on Apr 14 2014, House Prices in Manchester | Report content

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  • You can do whatever you want! Don't panic too much! If you think the house is worth 115000 then thats what you should offer. However, the vendor maybe wary about going ahead with your offer as you pulled out before and it might result in wasting time for them. Be sure, give your reasons and be sure about your decision. Offer what you think its worth.

    Answered on Apr 17 2014, Report content
  • Hi, That's not a problem, you can put an offer in on the property for whatever you deem the property is worth and that you are willing to pay. However in this situation the vendor may be a little concerned in regards to your commitment with the offer as you have previously pulled out. However I'm sure if you explain this to the estate agent they will be able to help you with your offers. We hope this helps.

    Answered on May 9 2014, Report content

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