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Higher offer or wait for post school holidays..?

(3 Posts)
FlossieTreadlight Tue 04-Aug-15 21:30:23

Our house is under offer and we're looking for a 3 bed we can extend or a 4 bed which has the living space we need. Similar location to where we live now.

We've had an offer rejected today on a house we've seen - its not in great condition but has an amazing garden and potential to be a family home after the work is done. Our offer was £30k below asking due to work that needs to be done, regardless of any further improvements. Do we go up by £10k more (I think this is the min it would need to be accepted) or walk away and hold off and hope The One appears...

Bearbehind Tue 04-Aug-15 21:41:02

It depends on loads of factors- not least of which-

What percentage is a £30k reduction?

How much do you want the house?

What availablity there is where you are looking?

How desperate are the sellers?

FlossieTreadlight Wed 05-Aug-15 21:01:21

Thanks for responding - some really helpful questions. As it turns out, out of our hands as someone has offered rather a large amount for the house and effectively ruled us out... Onwards

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