Do we offer more?

[Misscf81]

Me and my partner viewed a house the weekend that we love! It’s on at 185K, but we have offered 195K - we know the area, which is very much in demand and we have lost out on houses that we have loved despite going over 10K over, it’s quite normal in this area to go over the asking. It has gone to last and final and I have been advised there are 11 offers on the table, and that ours is a ‘good’ offer..that’s all they will tell me. We didn’t really want to go much over 10K but we (more me) love the house. I have to decide today whether to increase our offer, we can afford to, but it means we will have less money when we move in. I wanted us to have around 15K for when we get in the property, but that would be reduced....but I figure if needs be we could just get in and save hard for 6 months to make the money back. What’s everyone’s thought. Also, is it normal to move into a house and not have much cash to play with?

Decide at what price you’d feel it’s a good deal and at what point you’d feel that you’re paying too much for the property.

And yes, it’s not unusual to buy a property and have to build up savings all over again.

We only had about 3k with our first property! Luckily it only needed a lick of paint to get it to our taste.

Second property we spent 15k fully re doing the interior because it needed it.

It depends what work is required.

When we put ours on the market at 350k, our highest offer was 365k. It was immaculate and required no work. Maybe that will help?!