cmartinuk Posted August 12, 2011 Share Posted August 12, 2011 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. Quote Link to comment Share on other sites More sharing options...
catmandu Posted August 12, 2011 Share Posted August 12, 2011 If you're willing to pay 95k, then offer 93k and tell them it's your final offer. You can always increase to 95k later. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted August 12, 2011 Share Posted August 12, 2011 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. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted August 12, 2011 Share Posted August 12, 2011 Note: This works at car boot sales. Good luck. Quote Link to comment Share on other sites More sharing options...
erat_forte Posted August 12, 2011 Share Posted August 12, 2011 (edited) Note: This works at car boot sales. Good luck. What kind of car boot sales do you go to, to spend that amount of money? Edited August 12, 2011 by erat_forte Quote Link to comment Share on other sites More sharing options...
_SUNDANCE Posted August 12, 2011 Share Posted August 12, 2011 At least when you go to car boot sales you dealing with motivated and realistic sellers. Quote Link to comment Share on other sites More sharing options...
cmartinuk Posted August 12, 2011 Author Share Posted August 12, 2011 They are no longer living at the house. I believe the owner is in care or dead. Quote Link to comment Share on other sites More sharing options...
_SUNDANCE Posted August 12, 2011 Share Posted August 12, 2011 My buying strategy at car boots is simple. I get the asking price and then i say, okay whats the best you can do me for! Quote Link to comment Share on other sites More sharing options...
_SUNDANCE Posted August 12, 2011 Share Posted August 12, 2011 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. Quote Link to comment Share on other sites More sharing options...
_SUNDANCE Posted August 13, 2011 Share Posted August 13, 2011 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. Quote Link to comment Share on other sites More sharing options...
Ride_on Posted August 14, 2011 Share Posted August 14, 2011 Just tell them you will happy to negotiate if they have other offers. But if 'other offers' magically appear, just walk away. Quote Link to comment Share on other sites More sharing options...
subby Posted August 15, 2011 Share Posted August 15, 2011 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 Quote Link to comment Share on other sites More sharing options...
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