What would you offer for property on at £255000

[shallibuyahouse]

Priced around the average for the street. Last sales were 10 months ago and properties went for around £240-250.
I very much like the house, but others will come along so am fairly fatalistic. Initial offer?

Are you trying to get the OP to make the same mistake? 😀

@XVGN That site is useful, thank you. £250 was the top price paid in 2022 for a similar property.
Really interesting comments, and has given me a little more confidence.

In what way?

I am saying to offer less

There are posters saying to offer £30k more

I’ve found the opposite! Put my property on the market 5 days ago and had an offer for asking price today. (Although still waiting for the EA to let me know but giving them the benefit of the doubt for a few days incase they really are busy)

''@Notplayingball · 04/02/2023 20:36
£280k probably.''

In this market? why on earth would the OP offer £30k over asking price? very odd advice.

OP, depending on how long this has been on the market, I would offer between £230k - £240K.

Not odd advice if you live in Scotland. Prices often 20% over asking price.

''@Notplayingball · 04/02/2023 20:36

Not odd advice if you live in Scotland. Prices often 20% over asking price.''

If this was the case, the OP would have mentioned it.

It wasn't specified which part of the UK the OP was talking about, so it's a genuine crossed wires.

Not Scotland, it's the Midlands. 🙂

I couldn't offer over the asking price anyway, I have a budget and that's at the top of it.

Wait. Unless you need to buy, sit tight and watch the market fall.

Update. Offered £245, flat 'no' will not accept less.

Not a problem - comparable (better imho) property came onto market and they accepted £243 😃

Woohoo! We'll done!

Sounds like good news @shallibuyahouse!

It is, thank you. Bit of a way to go yet, but this seller isn't in a chain either (neither am I) so it's all worked out better.
I think the market is slowing a little in this area, lots of reductions this past week, so I guess the seller decided to stay ahead of the game and secure the sale.