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Help with what to offer please!

2 replies

stonetheroses · 12/12/2011 15:46

We are looking at properties in a small coastal town and there are very few on the market. One has come up which we are going to see on Saturday. On paper it ticks all the boxes and want to be prepared with an offer figure.

It is an Edwardian terrace, spacious inside with 4 bedrooms. Smallish garden but 5-10 mins walk from the beach.

It sold in 2006 for 249k. It has a garage at the end of the garden which will not be included in the sale (backs into vendors garden, this property has been a buy to let).

EA says this is reflected in the price and that normally properties on this street sell for 300k. The last identical house to sell in this street was sold for 302k in 2007.

The property is empty and we are FTB with a big deposit and no house to sell. If the house is as good as it seems we would be very keen so wouldn't want to put them off with a silly offer.

Advice please :-)

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londonlottie · 12/12/2011 15:52

What's it on at? What can you afford to pay? If it's just come on the market, and if you love it and can afford it, decide how close to the asking price you're prepared to go. So hard to answer these questions - so much depends on the variables. Have the vendors invested much capital in improvements?

stonetheroses · 12/12/2011 16:02

Sorry, forgot to include the vital point of the asking price! Its up for £249k. It shows that its ex rental...bit tired, average but useable bathroom and kitchen. Needs new carpets and decorating. Not sure about anything more costly yet.

realistically our budget is £235k but could be stretched for perfect property.

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