We have seen one on at £475K but think it is way over priced. What do they expect the offeres to come in at and what is a respectable bid to put in to negotiate to the lower end of the expected range? We have a completed chain below us and the house is good, but not ideal.
2007-07-22 08:42:38 · 7 answers · asked by Happle 3 in Business & Finance ➔ Renting & Real Estate
I agree about only worth what someone will pay for it - it is a maxim I would use myself. What I need is advice to stop me paying over the odds for it. I might be willing to pay a million for it, but it does not mean that someone else will pay this when I come to sell it!
2007-07-22 08:52:29 · update #1
I was always told to knock 10% off the asking price and then try to reach a deal between 10 - 5% off the asking price. The Estate agent will be expecting you to offer close to the asking price but will have added 10% on to his valuation of the house. I would start bidding at around 425K and stay below 450K.
2007-07-22 12:37:42 · answer #1 · answered by Jay 4 · 1⤊ 0⤋
Often the expected starting bid is 20% under asking price. That could vary, of course, by a number of circumstances.
2007-07-22 08:46:34 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Put in an offer under what you think the house is worth/what you want to pay for it.
That way you can raise your offer if needed, then if they accept your first offer, you are better off.
2007-07-22 08:51:13 · answer #3 · answered by michael 2 · 0⤊ 0⤋
I don't know what services are like over there, but in Texas it is very common for a buyer to go get an agent to represent their interest.
Your agent would look for similar properties that have recently sold and compare them so that you have a very good idea what would be a fair price.
Are there not buyer's agents over there also?
2007-07-22 09:29:24 · answer #4 · answered by glenn 7 · 0⤊ 0⤋
Offer what you think you can afford - its called maerket principles. If it isnt acceptable walk away and find some place where the price is right for you.
2007-07-22 08:58:57 · answer #5 · answered by Barbarian 5 · 0⤊ 1⤋
It doesn't matter what they expect offer what you are willing to pay.
2007-07-22 08:46:44 · answer #6 · answered by shipwreck 7 · 1⤊ 1⤋
good answer ShipRepairWoman!
exactly what my mom always said about anything..."its only worth what somebody will pay for it!"
2007-07-22 08:48:52 · answer #7 · answered by Blue October 6 · 0⤊ 1⤋