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I think it was bang on, but this was a long time ago
We offered the asking price and were accepted. Naively assumed that by not pissing around we'd get a relatively straightforward purchase. No idea if that helped but it was nice and (relatively) painfree.
The good thing is we'll never know whether we overpaid or not so there's no point worrying about it.
Greenbank-
Naively assumed that by not pissing around we'd get a relatively straightforward purchase.
There's some truth in that. It kinda helps if you don't leave the seller feeling they've been put through the mill.
Obviously context is king here - if the market is hot you may have to offer all you can afford just to be considered.
if the market is flat like it is now, then going in with your final below the asking price offer would not be a tactic that would yield much.
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The whole point of placing an offer is that you are offering to pay what you think it is worth and are happy to pay for it. To an extent, nothing else matters...if you want to live there and think its a fair price.
Howard
Stonehedge
I think it was bang on, but this was a long time ago before everyone did crazy pills and offered 80k over asking... ahhh the good ol' days. London folks bought the place next door to my parents a few years back, they went over the asking price, pretty sure that made the local papers...