Low interest rates now, but £200k on a an upward curve looks bad if you view it at 5%
If someone offered 30% less than asking, from the get go, they'll not be allowed to put another offer in, if it were my house. There's going in on a chance of getting something off, and there's insulting people. That's like going to the pad in Canary Wharf and offering up 168k.
As with most things, house prices are controlled by how much you want the place, and how much the people want to get rid of the place. Look to see how long it has been on the market and ask the vendors what their position is i.e. ask them if they've found a place, if they are looking, emigrating, etc, etc. All of the answers to these questions will put you in a better position as to how to ascertain a price.
e.g.
Buyer is emigrating next month, house has been on the market for 12 months and they need the money to buy a house where they are moving - A low offer, if you have no chain and money in the bank is likely to be accepted.
Seller has not found place, it's just gone on the market and they want to sell their house first - They'll, more than likely, not accept a low offer.
It's effectively all about where all parties involved are in the buying/selling process; there will never be a standard amount to start bidding at.
If someone offered 30% less than asking, from the get go, they'll not be allowed to put another offer in, if it were my house. There's going in on a chance of getting something off, and there's insulting people. That's like going to the pad in Canary Wharf and offering up 168k.
As with most things, house prices are controlled by how much you want the place, and how much the people want to get rid of the place. Look to see how long it has been on the market and ask the vendors what their position is i.e. ask them if they've found a place, if they are looking, emigrating, etc, etc. All of the answers to these questions will put you in a better position as to how to ascertain a price.
e.g.
Buyer is emigrating next month, house has been on the market for 12 months and they need the money to buy a house where they are moving - A low offer, if you have no chain and money in the bank is likely to be accepted.
Seller has not found place, it's just gone on the market and they want to sell their house first - They'll, more than likely, not accept a low offer.
It's effectively all about where all parties involved are in the buying/selling process; there will never be a standard amount to start bidding at.
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