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How to offer on a house priced £260K

Hi there I am looking at a house tomorrow, which came on the market yesterday. It has 8 other viewers booked in already as it is in a popular location and priced attractively. They have no chain and we don't either. How and when do we offer on this house to ensure we buy it over the other the other parties? Many thanks!

Asked on Nov 12 2013, Selling in Southampton | Report content

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  • Hi All offers will be confidential, best why is to offer what the house is worth to you, at the end of the day a house is worth what someone is prepaid to pay for it. If you are is a good position that will help.

    Answered on Nov 15 2013, Report content
  • As a general rule offering 20% under the asking price is a good starting point. Decide what your max offer would be and stick to it, don't be tempted to go over as remember every bit more is more mortgage to pay each month and all the associated costs of buying the place will increase too. Remember there are plenty of other places to look at and it is still a buyers market at present.

    Answered on Jan 19 2014, Report content
  • In my experience, if a property is priced at £260k, the vendor is looking for £250k (stamp duty level). I would advise that you offer £250k, offer to use the agents reccomended solicitors and (if needed) their mortgage broker. Make things nice and easy for the agent and be pleasant to deal with and they will sway it towards you.

    Answered on Jan 21 2014, Report content

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