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What to offer on house that has been for sale for 2 years at same price

I would like to put an offer on a property that has been for sale at 180,000 for two years. What shoud I offer. It is valued at 153,00 on this site

Asked on Sep 7 2011, House Prices in Buckley | Report content

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  • The values on this site are there as a guide only. You could try to start negotiations at 10% under the asking price, that is usually a good place to start. A property is only worth what someone will pay for it. 2 years on the market at the same price and no offers means no one, as yet, feels the property is worth the asking price. If they won’t accept 10% less, then you could try 10,000 less. But it is what the property is worth to you. 10% less is £162,000 if they decline that, you could slowly creep up to £165,000 But if it isn’t worth that to you, then walk away and find another property. They might be on at a high price because they don’t need to move in any hurry.

    Answered on Sep 8 2011, Report content
  • I don't think I would even offer! Chances are the vendor is just hoping to get an inflated price , or even not really wanting to sell. Some people do this, it gives them a sense of having something others want yet they don't really want to sell.On the other hand find out about any accepted offers and failed sales. because of survey etc. Two years is a very long time and they can't have another house lined up because they would have lost long before now.

    Answered on Sep 14 2011, Report content

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