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Original poster

How much would you offer?

23 replies

Pantone363 · 23/01/2015 15:09

www.rightmove.co.uk/property-for-sale/property-48850679.html

Not sure how long it's been on the market

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firsttimekat · 23/01/2015 15:13

Can you see if it's also listed on zoopla? That will tell you how long it's been listed and any price changes, might give you a bit more info to go on for an offer?

NurseDoctor · 23/01/2015 15:17

Definitely go on Zoopla and look at how much it sold for previously plus neighbours prices
Have you spoken to estate agent? Find out how long it's been on the market and any previous offers that have been made (or roundabouts)

Original poster
Pantone363 · 23/01/2015 15:28

It's not on zoopla.

Agent said its been empty a few months, was a previous rental.

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Fingeronthebutton · 23/01/2015 15:32

I'd pay the price they are asking. Nice area. Colchester is a lovely town.

bobs123 · 23/01/2015 15:43

Don't know the area but the house looks good inside. It mentions 3 bathrooms then gives measurements for 2????? Is there a downstairs loo? The front drive could be nicer and as for the paved back garden......at least there are raised borders :)

As others have said, check prices of other houses sold on the same road - on the rightmove page look at the properties sold nearby and click on the view more link

wobblebobblehat · 23/01/2015 16:12

Start at 10% under?

Depends on what the rest of the market is doing in that area.

Lweji · 23/01/2015 16:14

Always offer less and make sure you know what other houses in the area are selling for. But it depends how badly you want it.

Murdermysteryreader · 23/01/2015 16:19

If you offer too low you may offend the sellers and they'll strip the house right down if they accept it. What else is on the market at this price? How much do you want it ?

whattodoforthebest2 · 23/01/2015 16:26

Are you renting or selling? If it's empty there won't be chain above you, so in theory it could be completed quickly. If you're renting and you have a mortgage agreed in principle, I'd offer £175-180k on the basis you can move quickly. If you have something to sell, it'll take longer so you're not in such a strong position. Looking at Zoopla, there seem to be a lot of houses on at around that price, so they have a lot of competition for your money.

whattodoforthebest2 · 23/01/2015 16:28

Offend the sellers Hmm - it's been empty for months, they'll be glad to have someone showing an interest.

whattodoforthebest2 · 23/01/2015 16:32

I've recently had an offer at 12% below asking. Not offended at all, but declined. Offer raised to 6% below asking, declined. I'm proceeding with an offer from elsewhere at 2.5% below asking.

CatsAreLikeChocolates · 23/01/2015 16:33

Yep, I agree to try 10% under the asking price and take it from there. It must've been on a while. If you save it as a favourite on Rightmove it tells you it was reduced on 5/11/14, so I would imagine it's been on a while. Also not in the best possible condition, so ripe for a cheeky offer imho. After all if you don't start low you'll never know. Good luck!

Original poster
Pantone363 · 23/01/2015 16:37

We're renting with mortgage in principal

3 good sized bedrooms and one box room (but fine for a single bed). Thinking of offering £180000. Apparently they had an offer but it fell through

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Original poster
Pantone363 · 23/01/2015 16:38

Only downside is that it's on a very busy road. But the noise isn't bad from inside and there is plenty of off road parking

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mothermirth · 23/01/2015 16:42

Here's how much it sold for previously Smile

Original poster
Pantone363 · 23/01/2015 17:47

Interesting.

Agent took the offer but said "I doubt very much the vendors will accept"

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shovetheholly · 23/01/2015 17:51

Well, the EA would say that, wouldn't they? They're on bleeding commission! This starting figure is just a baseline for further negotiations.

I do not understand people who get personally offended at low offers. It's not personally offensive at all - someone likes your house! Someone who is the type to chance their arm a bit on a low offer. You have to laugh and shrug it off.

whattodoforthebest2 · 23/01/2015 17:57

If they decline your offer, I'd mention in passing to the agent that you're looking at other properties this weekend, so you won't be raising your offer. Then leave it for several days before you go back to them.

Murdermysteryreader · 23/01/2015 20:03

Well you might get offended at an offer if you estate agent put your house on at x amount and someone offered say a lot less than the asking price because they are saying it's not worth it!

Allice · 23/01/2015 20:08

I live about 2 miles from there!

By making the offer you've started a dialogue, you can up the offer slightly if you need to. I'd set the maximum you want to pay and stick to it.

Good luck!

brooker9 · 23/01/2015 20:35

It went on the market 2 Nov @£225K
Later reduced to £200K
26/11 reduced again to £198K
And then went up on 23/1 to £204K?!

All courtesy of propertybee addon for firefox - it's fab :-)

brooker9 · 23/01/2015 20:37

PS if it changes estate agent, this won't be shown up. So eg. it could have been on for all of 2014 with another estate agent, then changed agents in Nov and that'd be all that you see.

Original poster
Pantone363 · 23/01/2015 22:09

Brooker, thank you! Very helpful

No word from the agent but wasn't expecting to hear anything today

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