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First time buyer - please help!!

3 replies

SolemnlySwear2010 · 02/05/2023 16:35

Hi,

Myself and my DH are first time buyers and I am so confused on how everything works.

We have a solicitor in place etc but feel I am constantly asking him questions so thought I would try Mumsnet for a change!

We have seen a property we like which is on for offers over £199,995 and I have had the home report which states valuation as £220,000.

It has been on the market since beginning of Feb, but home report doesn't list any items which are needing fixed etc.

How much should we be offering? We have a 5% mortgage and have an agreement in principle but just wondering do we offer under the price listed or will we be laughed at?

Thank you!

OP posts:
CatOnTheChair · 02/05/2023 17:34

Are you in Scotland? English and Scotish house buying works differently, so it's worth making sure you are getting advice for the correct system.

SolemnlySwear2010 · 02/05/2023 18:00

Hi - yes in Scotland

OP posts:
SolemnlySwear2010 · 03/05/2023 10:24

Bumping for advice - thank you

OP posts:
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