I am planning to buy a semi-detached. It is currently quoted at 260K on rightmove and the agents. Generally what is the markup these sites have. What should be the offer value I should make. My absolute max is 250K (to avoid higher stamp duty)
2006-10-23 07:22:37 · 11 answers · asked by Dilbert 1 in Home & Garden ➔ Other - Home & Garden
Well where I live, a house like that would be about $115,000. Where do you live? That's extremely pricey. For $250k here you could get probably a 5 bed. 4 bath house--brand new even.
2006-10-23 07:36:36 · answer #1 · answered by BeeFree 5 · 0⤊ 0⤋
The value is whatever someone will pay for it! There isn't a markup as such - but the seller pays the agent on a commission basis - maybe 1% or so. You could offer less than the asking price and see what happens - that is the usual approach. If you want hard numbers on the house's value you could ask a surveyor to look at it for you, but that will cost you money, although it is usual to do that anyway at some stage if you are putting in an offer.
2006-10-23 07:29:38 · answer #2 · answered by Martin 5 · 0⤊ 0⤋
The value of the house is what people are willing to pay for it. If this house is the sole property for sale in a desirable area then it will command the asking price. If not then vote with your feet and buy another. I'd offer £250 to test the water, if it's declined what about the option of buying at £250 but slipping a discrete payment to the seller ie the difference between what they're prepared to sell at and £250? A lot of people avoid stamp duty this way.
2006-10-23 07:37:22 · answer #3 · answered by forge close folks 3 · 0⤊ 0⤋
Avoiding stamp duty is difficult these days as you have to provide a list if the items and the inland revenue can check these are real values. Putting a house at 265K or less normally means a seller knows they are going to get 250K for it.
As to the real value, its worth how much people are willing to pay and how much the sellers want to move. This is entirely outside the scoep fo this forum i think ! We can't second guess what you or they want.
It you are willing to pay 250K for the house, why not offer 250K for it ! Say its your firm and final offer - estate agents understand that phrase. Its not a game, if you are willing to pay 250, then why risk loosing it.
2006-10-23 07:34:19 · answer #4 · answered by Michael H 7 · 0⤊ 0⤋
Most people will think along the same lines as you - although you could go a bit higher and apportion the moveable items to avoid Stamp Duty. The moveables are the carpets, curtains, cooker, etc. Put in a bid of £250k and see what happens.
2006-10-23 07:26:01 · answer #5 · answered by Ally 5 · 0⤊ 0⤋
Depends on how much you want that particular house and what the interest in it is. If you are the only offer they get, fine. They'll probably take it if they're desperate to sell, but if there's a lot of interest, it's usually the biggest offer that is accepted.
Having said that, I sold mine recently to the person who was the first to come up with the cash. It did happen to be a full price offer, but I was so desperate to sell (and my buyers knew that) that I would've taken another offer of 2k lower, but she couldn't sell her own house quick enough.
2006-10-23 07:36:28 · answer #6 · answered by Val G 5 · 0⤊ 0⤋
uncertain what you attempt to do, however the only man or woman which could make certain marketplace fee is an authorized or qualified appraiser. Appraiser ought to shop on with USPAP mandated with the help of federal regulation to make certain marketplace fee. you won't be able to apply assessor fee or a RE brokers fee. All value determinations ought to stand up in a courtroom of regulation and characteristic valid information to back up the appraisal. via variations interior the marketplace undertaking, REO/foreclosed residences are lots greater huge-unfold. it is considerable that the appraiser set up the authentic marketplace fee of the undertaking sources with the help of including all obtainable sales. effectual with appraisal comments achieved on or after January a million, 2009, if REO/foreclosed residences are acceptable comparables, the appraisal ought to comprise them interior the sales assessment. it is not ideal for the appraiser to exclude those residences while installation the marketplace fee. interior the previous 3 months as a manner to negate the outcomes of fixing marketplace circumstances. sales that are interior one mile of the undertaking are given decision over greater distant sales. The sales are chosen with the help of date-of-sale, proximity, and similarity of actual features of the undertaking (age, living section, internet site section, architectural type & centers in that order) You cant do a appraisal with the help of Assessors information or arise with a cost from assessors information. you would be able to desire to have you ever sources appraised and it will value you around $4 hundred.
2016-10-02 21:08:03 · answer #7 · answered by ? 4 · 0⤊ 0⤋
Try offering £250k then. If that's all you've got, that's all you offer.
I Bought a house last year with almost 10% knocked off - so it's worth a try.
2006-10-23 07:26:09 · answer #8 · answered by Felidae 5 · 0⤊ 0⤋
Generally the real value of anything is what you can get for it on the open market!
2006-10-23 10:52:54 · answer #9 · answered by wendy k 3 · 0⤊ 0⤋
I suppose the timber, bricks, plaster, plumbing, wiring etc comes to about ten grand.
2006-10-23 07:26:10 · answer #10 · answered by Kango Man 5 · 1⤊ 2⤋