jonnyhotspur
Registered User
- Messages
- 147
The History:
We've been looking for a 4 bed house since Christmas. We looked at one on Monday that was on the market for 3 weeks (Advertised Asking price was 390k ). We really like the house and EA told us that there was an offer of 425K on the table. The house needs to be decorated from top to bottom but I reckon that it has great potential and slightly undervalued.
We had a second viewing last night. The EA told us the offer was still 425K from a 'Sale Agreed' couple. He also told us that the vendor had already moved out. We're mortgage approved, not selling our own house and ready to go asap.
Today we made an offer of 425K and told the EA we could sign contracts as soon as possible. He is contacting the vendor.
The Strategy:
If the EA comes back and says that we need to up our offer do we:
1 - Up it by say 1k and probably get into a bidding war
2 - Ask the EA what is a realistic price that the vendor is looking for,and accept on condition that the house is taken off the market
Or have I been watching to much of Kirsty from Location, Location, Location and a bidding war is inevitable.
We are willing to pay 440K
We've been looking for a 4 bed house since Christmas. We looked at one on Monday that was on the market for 3 weeks (Advertised Asking price was 390k ). We really like the house and EA told us that there was an offer of 425K on the table. The house needs to be decorated from top to bottom but I reckon that it has great potential and slightly undervalued.
We had a second viewing last night. The EA told us the offer was still 425K from a 'Sale Agreed' couple. He also told us that the vendor had already moved out. We're mortgage approved, not selling our own house and ready to go asap.
Today we made an offer of 425K and told the EA we could sign contracts as soon as possible. He is contacting the vendor.
The Strategy:
If the EA comes back and says that we need to up our offer do we:
1 - Up it by say 1k and probably get into a bidding war
2 - Ask the EA what is a realistic price that the vendor is looking for,and accept on condition that the house is taken off the market
Or have I been watching to much of Kirsty from Location, Location, Location and a bidding war is inevitable.
We are willing to pay 440K