Any property experts about? First time buyers, wondering how much we can offer?

[Taq]

We are going to view our dream home. It is 825k and beautifully presented, but very expensive for the area with not much comparable. It has also only just gone on the market this week and we are the first viewers.

Would an offer of £750k be cheeky? There are a couple of reasons we can give. I have no idea, neither of us have ever bought a house before and no family we can ask for advice.

If not - in 2 months time we’ll have the 15% deposit of the asking price. However right now we only have 10% of the asking price and can only get an 85% mortgage.
Is it acceptable to be upfront about this, put a higher offer in for say £790k, but just say that although we are not in a chain, we just need to wait 30-60 days for the rest of the deposit?

I obviously have no idea of the etiquette and what’s ok, so please be kind to me. We had been planning to start our search next month but is our absolute dream home. Really don’t want to miss out.

Thank you.

It’s just gone on the market so it’s likely they will hold out for full asking at this point

£750k is a very low offer

What are the reasons?

It sounds like you are struggling for the full deposit, can you actually afford the house or are you over stretching yourselves.

You can make an offer.
Depends why they want to sell.
You are in not in a chain so that's positive
Have a look at other similar sold house prices

Plus you need the full survey that takes a couple of weeks.

There are a lot of steps before both of you settle on a price.

Go and see it first
Don't act too keen

Take it from there

Have you got a mortgage in principle sorted out?

If the cank thinks it's overpriced they won't lend the full amount.