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Horsecaz

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  1. Advice needed. I’ve seen a house I like which was bought by an investor in December 2016 for £83,500. Apparently it was owned by an old lady so needed to be fully refurbished which it has been but not to a high standard. It went up for sale 8 weeks ago and went up for offers over £125,000. Then it got reduced to £122,000 2 weeks later and more recently it’s been reduced to OIRO £119,000. When we viewed it the EA said that it was a investor who bought it and she wants a quick sale preferably before the new year, so we offered £100k first and then 105,000 this was rejected. Other houses in the same in the street have gone for £100k-105k in the last year but probably weren’t refurbished as nice as this one. Back when the property was booming some of the houses were sold for £120-125k but not recently so my question is - do I offer more or wait and see if they come back and accept my offer of £105k? What is the market like at the moment? Any other tips anyone can give me for trying to haggle? Is 8 weeks not a long time for a property to be on the market? Thanks for any responses in advance
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