How much would you offer?

[Blueuggboots]

If an estate agent told you a vendor had said they would accept £500k or close to it, what would your opening offer be?

495

475

If I really wanted it I’d secure it with £500k, but that’s down to my location and the state of the market here. A lot of places go over.

How much do you like it, how much can you afford, and what price would make you walk away?

475 is not "£500k or close"

495 is

It depends what area it is in really, some areas are still selling quickly some slower. If it was me and it was in a good area that I particularly liked I would start my first offer at £475,000 and go from there.

490k.

We like it a lot, but it's going to push us to pay £500k. It's been on the market for AGES (6 months) with no offers...

That's important information @Blueuggboots ! try 475 in that case.

485k in that case.

I don't think 480 would be too insulting.

It's up for £550k

Needs work doing, and is overpriced. We know the area well and did politely suggest it was overpriced in our feedback which triggered the vendor coming back saying they would accept £500k or close to it. It's been for sale for at least 6 months at that price. It's empty.

I'd go £485k

In that case 495k

Thanks everyone - we were going to offer £480k with a view to going up to the high 80's....but didn't want to offend the vendor....

@lateloverofcelery, yes. We would live in it for a couple of years and then extend it and do it up considerably.

It's quite an unusual house with a massive garden......

We know the area well and know what houses sell for in the area.

We're going to try and find out if they've had any offers. I'm saying not as it hasn't sold, bug don't know for definite??

Yes, we will ask....and check if anyone has had surveys done etc, before we put an offer in....