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Starting offer for over-priced property?

We are interested in a house which is currently on the market at £220K. We looked at the value of it when it was last sold in July 2008 which was around £180K but it was sold at £190K. We are aware that house prices in that area have generally gone down around 5%. Since living there they have had a new boiler, driveway and bathroom. What would you suggest our starting offer is?

Asked on Jul 16 2011, House Prices in Sale | Report content

Answers (3)

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  • I would certainly start off below £200k in the first instance, maybe £195k. Have you checked the value for the property on zoopla recently? All the properties I am following seem to be going up again this year.

    Answered on Jul 18 2011, Report content
  • Hard one to answer really as every seller has different Ideas on what their property is worth to them. With the information to hand I would suggest starting low around the £170,000 mark

    Answered on Jul 18 2011, Report content
  • How much do you want to pay? I would suggest you offer that as your best & final - that way a) people know you mean business; b) you don't waste your time making a number of daft offers if what you ARE prepared to pay is not acceptable in the first place!

    Answered on Jul 19 2011, Report content

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