How much to offer.

[flamingoslipper]

We have found a house that we like.
It’s been on the market since June.
Owners have found a property that they would like and an offer has been accepted even though they have not sold their own property.
It went on the market for £430,000. After 10 weeks it was reduced to £400,000.
They then changed agents and it’s back on again at £430,000.
Surely if they’ve had it on the market for £400,000 then they will accept around £395,000?
Thoughts please.

I would go in at £395k

Depends what is your position? If you are in a strong position yourself i.e. no property to sell the you can offer that and see what they say.

Hhhmmm not a great position. 3 under us. Although 2 of them cash buyers.
Then with the house we want moving it will be a chain of 5.

Go in at 395 and see what happens

They may now need the 430k to buy what they have bought again tbh
But obviously at one point they would have accepted 400 or close to it
I would start at 390... letting the agent know that you know it was on for 400 previously

Thank you for all your advice.
Next question, how much should solicitors costs be to buy and sell.
I got a quote today and was quoted £2600 which I thought was slightly on the high side.
Any thoughts?

Buy and sell should be under 2k if buying freehold house

Thank you.
I had budgeted 2k so was a little surprised at 2.6k.
I’ll keep getting quotes!

Just got another quote back for £2950.

That seems a bit steep - are you in London?