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What Offer should I submit

Looking at purchasing 131 cranleigh road, bh6 5jy, link below; I have been informed that there is about £25k worth of work that needs doing, its up for £200k (all offers to be put in writing) whats a sensible offer to put in for this property? (We are first time buyers, mortgage agreed in principal with 15% deposit, can move as quickly or as slowly as required). Your advice/comments very welcome.

Asked on Jun 5 2011, House Prices in Bournemouth | Report content

Answers (3)

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  • I haven't looked at the property, so I'm not sure if its at the right price. Best try 15% under asking price to start with and see where that leads you. It's a buyers market, you have nothing to lose. Just make sure you express your in a great position to move, and are very keen.

    Answered on Jun 6 2011, Report content
  • Looking at sold prices and what other properties are on the market for in this area, 200,000 doesn’t seem too steep a price. But then you need to be able to afford the modernisation. If you were buying to renovate and rent it out, I would say the lower the price the better. But if it is to be a home, then it is worth what you can afford. £200,000 is the guide, they probably hope for this amount or more. But if you are in a good strong position to proceed, that could work in your favour. 10% below the guide might be accepted, if you really want the property above all others then you could bid nearer the guide price. A property which is going to be a home is always worth what someone is willing to pay for it. The house and garden look like they have much potential, but if you don't get this one, there will be others. Best of luck.

    Answered on Jun 6 2011, Report content
  • Love the property ... How much would it be worth once you had done the work? Thats the most important question that needs to be asked. Only then can we suggest what you might want to pay. email me if you want

    Answered on Jun 9 2011, Report content

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