Hi,
I am a first home buyer extremelly unexperienced
Please help!
We have found a property that we realy like although it requires a little bit of work.
It is a single storey (2bed) terrace and the asking price is 680k however I did some research in the area and found that other similar properties within 2 blocks of distance are asking around 600k. And a couple wich have 3 bed (no parking) for also around 600k.
In addition another one on the same street, but two storey (similar land size)that needs a lot of work sold for $555.
So I feel that we are being ripped off. But then I haven't seen the conditions of the other 2 beds as they have now sold....
What I want is some advice on how to approach the agent and make an offer. I don't want to offer too high and still be ripped off neither to offer to low and not be taken seriously.
Is there a guide of a percentage that we can take off the asking price when making an offer, eg. 15% of 680k = offer of 558k
Any advice will be greatly appreciated.
Thanks
Malu
I am a first home buyer extremelly unexperienced
Please help!
We have found a property that we realy like although it requires a little bit of work.
It is a single storey (2bed) terrace and the asking price is 680k however I did some research in the area and found that other similar properties within 2 blocks of distance are asking around 600k. And a couple wich have 3 bed (no parking) for also around 600k.
In addition another one on the same street, but two storey (similar land size)that needs a lot of work sold for $555.
So I feel that we are being ripped off. But then I haven't seen the conditions of the other 2 beds as they have now sold....
What I want is some advice on how to approach the agent and make an offer. I don't want to offer too high and still be ripped off neither to offer to low and not be taken seriously.
Is there a guide of a percentage that we can take off the asking price when making an offer, eg. 15% of 680k = offer of 558k
Any advice will be greatly appreciated.
Thanks
Malu