-
A friend bought a house recently and he said when they went to view it the seller said they were only accepting offers of 20 percent over asking. I was like your off your head and Id have told them to fuck off.
And 20 percent was 40k.
konastab01-
In many ways those who live up north are in a fortunate position house prices are such good value compared to their southern counterparts.
My house in Wanstead would probably be 250k in vast swathes of the Midlands and the north.
Some bloke in my road who I know pretty well now ended up paying 1.126m for his house a year ago and it was originally on for offers over 1.025m. So he had to go over 100k over to secure it, and the double whammy was the bank valued it at 1.1m so he had to find the 26k in cash.
This is the same bloke who's mortgage payments are going to jump to 6 grand a month in a few months time.
He's a thoroughly nice bloke tho.
princeperch
It's too late to tell you this but going in 10k above from the off was pretty punchy unless it is a fairly high value house.
In these situations in the past I've topped my offer up by 2k as a gesture of goodwill whilst also explaining my previous offer was at the top of my affordability.
In this situation I probably wouldn't tell them to fo actually because 1) it's an open goal for your opponent and 2) they might think you are a pain in the arse to deal with.
What you now need to flush out is whether the other guy wants it more than you. I'd probably top it up by an obscure offer by something like £2,250.
If the other guy offers another ten then they want it more than you but it'll be bitter sweet as you've just cost them 20k odd than they thought they were getting it for a few days ago.
Good luck the whole process is a shit show presided over by cunts without any sort of ethical compass.