Lurker here looking for some advice. I am a FTB and I have seen a property that I like (detached, lovely street, sunny garden). The house is on the market for £220000, and I am going for a second viewing tomorrow. I'm fairly sure that I'll make an offer, but I'm struggling with what to go in at. I am not expecting (or willing) to pay the full asking price, for the following reasons:
- The current owner bought the house for £210000 only last summer, they have bought a new build down south as family issues mean that they have to move back.
- The current owners have not modified or changed anything about the property since purchasing it last year.
- When I went to view the property, the EA informed me that the owner would be flexible on price if the buyer would be willing to delay completion for a few months, as it would allow the owner to work full notice. The EA said that if the buyer would want to move immediately, the vendor would be looking for 'a lot closer to the asking price'.
The house has been on the market for about a month and has had a few viewings, but no offers. I am flexible on completion date, but I'm trying to interpret all this and come in at a reasonable price. So I'm posting to see what you guys think, what would you open with and what would you be happy to pay?