Hi all, bit of background first- dp and I are first time buyers. We're in private rental in the North East and would like to move asap. We expected to save for a few years but my mam has very generously and unexpectedly gifted us 12k for a deposit!
We've seen a house we want to buy, it ticks 98% of our boxes.
The EA who showed us round actually used to live in the house, her parents sold it to further family in 2017 for 112K. It went up for sale again this June with a new bathroom for 134k (!!!!) The boiler was fitted in 2000. Now it's been reduced to 'offers over 130k'.
Similar houses in the street have sold for under 120k, but they are 3 bed and this is 4, but the EA admitted the quirky shaped rooms put some people off .
We have our mortgage appointment for a AIP this weekend, and we're hoping to offer 120k 'final serious offer' if everything goes to plan as we can move very quickly.
Is this reasonable? And will the tide go against us since the EA is related to the vendors?
Any advice or experience would be welcome, I'm tearing my hair out and this is only the start! Thanks!