How much would you offer for a house priced at 175k?

[houseymchouse]

Yes this is my second thread on the same house but I need advice!

Moving across the country and this house ticks all our boxes.. but DH is Doing my head in and wants to offer asking price . So what would you offer? I wanted to go with 'if it doesn't make you cringe don't offer it' for the first offer. He'll ignore it and we'll start negotiation.

It feels convenient that the agent has said it has 4 viewers this week as when I saw him last week he was upset there had been no response... seems fishy? Meh
Please help me out with offering!

Buxton Road, Disley, Stockport, Cheshire
www.rightmove.co.uk/property-for-sale/property-80159009.html

I'd start with a lower offer and see what they come back with. You can always put in a higher offer but much harder to back pedal and offer less

Seems like a lot

£150k

£155

Didn't someone who knows the areas say on your other thread that the house is overpriced?

If you really really want it, I'd probably go in at £169k. Also trying to remember from your other thread that the current seller paid £168k? I don't think they'll accept an offer lower than what they paid.

I would offer less than asking price initially. How much less would depend on how much the house is worth. If it is very overpriced I would only offer what I thought it to be worth with no regard for asking price. I have overpaid for a property before and regret it. If it is worth 175. I would offer 175 so they would accept my offer and get it off the market rather than risking it remaining on the market and getting into a bidding war with somebody's who hasn't yet viewed it.

It looks like they might have changed agent - it appears it was listed in January, and then the listing you linked to was put up in March. It was sold in 2017, when new, for £167,500, according to this so if the sellers have got a full-up 90% mortgage, they might not have much wiggle room.

Depends on the current local market I guess and how much you want it? We bought 10 years ago and after viewing quite a few houses we knew this was the one we wanted. We offered the asking price, had it accepted and moved in less than three months later. No negotiations at all from either side. I think I'd probably view people putting in ridiculous offers as CFs and prefer to deal with someone else but then I'm pretty intolerant in general

Well, a 2 bed on that road sold for £170k in Feb so maybe it’s not miles off? I would start at £160k or just below. I think there is a balance to be struck between a hopeful offer and taking the piss and irritating the vendor so they don’t want to deal with you - whether that happens depends on how good the property market is in the area.

It depends on how much you want the house! We have had offers on our house of £75k under the asking price, this same person has come back with them increasing their offer over a few weeks, today they have offered the asking price. In the meantime we had another offer of the asking price. Their offers were just rude and ultimately pissed us off and to us just did not demonstrate their commitment. We have already been let down twice near to exchange so not willing to mess around with people who are not serious. They have now lost out.

I live nearby - the sellers paid £167,500 two years ago and theirs is the only owner occupied one of the block of about five which were converted at the same time. Pretty sure it was a pub originally. I suspect they want more than they paid.

The end one has the parking for about five houses next to it so factor in the noise from that and the potential aggro of people parking their when they've no right too. It's an extremely busy road.

I'd be asking why they are moving so soon after buying.

house nearby sold for £165 just over a year ago and a similar house sold for £170 this year. So I’d offer £160 or £165. Just noticed it’s leasehold though - what kind of service charge? You know there’s been a lot in the press about leasehold houses.

I think it's relatively difficult to price. There's a house on the same road that's 50% bigger but on for 25k less, but it's not in as good condition. The other thing that would put me off is that it looks to be a leasehold.

That's the pub i used to go to! Snap it up and I'll come round for the quiz night.

As others have said it depends how much you want it. Everything is fairly new inside and it’s got two parking spaces. I’m usually all for low offers but I’d start with what they paid.

This one, a semi-detached on same stretch of road, sold for 170k in Feb:
www.rightmove.co.uk/house-prices/detailMatching.html?prop=73237166&sale=9330316&country=england

175k seems way overpriced.

Personally I wouldn't pay that to live on such a busy road, it's the A6 isn't it?

Find out what they paid for it two years ago!

Hi,
As someone just pondered that was a converted pub. As you are coming across country please be aware that although the area is lovely, good schools nice countryside not too far away, the house is on an extremely busy road. Lots of lorries, buses, commuter traffic. Please be aware.
Hope I've been helpful

If I wanted it I'd offer £175k because that is presumably what it has been valued at .....and I'm not a CF.

It's a gamble, isn't it.

You could offer asking price and secure the deal, you will never know whether someone else offered close to the asking price..... or....

You could offer below asking price, and lose the house because someone else offers full price.

No-one on here can really advise you - because they don't want the house! Only you can decide this.

End of mews? Where is the mews? looks like an end of terrace.

What's the terms of the lease? There's a certain age of new build where the annual charge doubles every 10 years and they're effectively worthless due to the cost increasing massively over time.

What to offer depends on recent sale prices of similar properties locally more than the asking price or what the vendors need to move.

£160.
I don't believe in stupidly cheeky offers for the sake of it. Have some integrity and make a sensible offer with room to increase it, as everyone rejects the first offer.
They will just hate you and/ or not believe you are serious if you offer too low. And the jumps up in price will be bigger as you negotiate. I'd offer £160 and be prepare to go up to £165 max.
But first I do my research, as you are. Good luck.

I've got no property advice, bit knowing the local market, but I did go to Stockport for work last year, and there is a fabulous pie shop called lord of the pies. They do them to bake at home (I didn't eat in, no time), everytime I travelled for work after that DH asked if I was going to Stockport. Enjoy!

I'd probably start at 160, expecting them to want to push it up. We bought our house for 8k less than our vendors had bought it for, a couple of years previously, but they desperately needed to sell, the roof leaked badly and the place actually looked like they'd had a fair few fights in it, right down to holes in the walls, floors, worktops etc.