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Viewing a house on for 385k, when budget is 350k. Thoughts please

28 replies

SaltedCaramelWithEverything · 11/12/2019 17:04

Hi,

So we sold about 3 weeks ago and took less than we wanted to, but accepted we just weren't getting the interest and had been on a long time, so took a hit, price wise. This obviously means that our budget for our next house is less than we assumed.

Our chain free (BTL) buyers are aware that we haven't found anywhere yet and have said they are in no massive rush. That said, I'm permanently in a panic that they'll pull out.

There's been nothing on the market recently that fits. I saw a house on RM that I really like, but at 35k above budget, I'm wondering if it's pointless viewing it. I'm seeing it tomorrow and I suspect it will tick most boxes. I have driven round the road several times now Confused and get a good feel for the area.

I let their EA know our position, as I didn't want to waste anyone's time and she told me that it's still worth a look, as they haven't yet had any offers and were considering reducing anyway. That said, they have only been on for a few weeks.

So, if we did really like it, should we:

A: Go in with a lower offer, under 350k, with wiggle room to come up to that figure.

B: Go in with first and final offer of 350k. No messing about.

TIA

OP posts:
kizkiz · 11/12/2019 22:29

We had similar. Viewed a house above budget and offered an odd number to make it seem like we'd offered every penny (we hadn't), stating that was our max. They accepted straight away.

orangeteal · 11/12/2019 22:37

I don't like games, I'd be crap in business, so I'd just lay your cards on the table. There's nothing more you can do, it's up to them...if it's meant to be and all that.

For what it's worth there should be more on in the new year, we are about to go on the market but have been advised to launch Boxing Day, a lot of people want to get Christmas out the way before seriously considering moving, viewings etc.

SaltedCaramelWithEverything · 12/12/2019 10:25

@SlightlySleepy, thanks for sharing. Hope it worked out for you in the end.

@orangeteal, yes, I'm keeping everything crossed that more come on in january. It's just dead right now.

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