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As was mentioned to me above, the AIP might show you could afford more, but how that's the seller's business I don't know.
If I was buying a second hand car, for £500, and the seller said, "nah, £750, I know you have more than £500". I'd tell them to get fucked.
To me, being able to afford more doesn't mean you should pay more. Offer what you are willing to pay/what you think it is worth. Having a larger AIP should just make you more "proceedable"as buyers.
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agree with stevo, we showed our AIP to the place we offered on and we can borrow more than the full listing price i think thats just smart spending..?
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Same - don’t worry about the aip amount - actually good to have lots of room as to the seller it makes you a strong bet.
stevo_com
rogan
Howard
@BTR88
Decided to take the plunge into home ownership. We have put in an offer for a place in Forest Hill. Can anyone recommend a decent surveyor in the area?
Also perhaps a noob question but the EA has asked for an AIP to qualify our offer. While we have an AIP, it is for an amount almost as high as our offer so the other side can easily see that we could go higher. Should I just get a new AIP or is it worth showing that you some room to go higher (we went in a bit less than 5% below asking so expect to be told to go higher)?