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cmartinuk

Advice For Ftb

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I'm a FTB with all cash. I've offered 90k on an asking price of 115k. This offer was declined and EA says they are really looking over 100k. Just wondering what the best next move should be?

The asking price is quite low for the area, but I've heard that a house in the area went for around 95k recently.

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They might not be able to drop below 100k if they have outstanding finance, however. That is not your problem.

Like catmandu says however I would offer them £93,450 and say that is all you can 'scrape together' looks like you can't afford any more and they are more likely to accept your offer.

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Note: This works at car boot sales. Good luck. B)

What kind of car boot sales do you go to, to spend that amount of money?

Edited by erat_forte

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Getting back to the original question. I agree with doccyboy who is a long time advocate of selling prices being public knowledge. That way buyers have up to date comparables to work with.

I often get quoted comparables by estate agents but i just dont believe half of them. If comparables were easily accessible we would have a fair playing field.

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I questioned an asking price with an estate agent not very long ago and was told the asking price was based on a comparable. But it was only after pressing the matter that the estate agent revealed that the comparable house he was talking about had been sold 18 months ago during which time house prices have fallen considerably.

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Ride on you hit the nail on the head there. If he tries that there WILL be a sudden "another offer" appear...Just like magic ;)

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  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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