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Author Topic: Some bidding advice  (Read 4597 times)

Offline haf1zur

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Some bidding advice
« on: 16 July 2012, 12:35 »
Hi

Bidding on something and basically they wanted more than 210, i offered 211, they came back saying they will accept 215, should i meet them in the middle at 213 or take it?

what would you do?
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Offline Len

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Re: Some bidding advice
« Reply #1 on: 16 July 2012, 12:37 »
How bad do you want this item?
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Offline Chris#101

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Re: Some bidding advice
« Reply #2 on: 16 July 2012, 12:38 »
With out sounding like a nobb

Its £4  :lipsrsealed: if you want it that bad im sure you can stretch to secure winning it  :smiley:
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Offline haf1zur

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Re: Some bidding advice
« Reply #3 on: 16 July 2012, 12:45 »
sorry, its 4000 pounds, forgot to say its a house

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Offline Chris#101

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Re: Some bidding advice
« Reply #4 on: 16 July 2012, 12:50 »
Quote from: haf1zur on 16 July 2012, 12:45
sorry, its 4000 pounds, forgot to say its a house



Well that changes it slightly  :grin:

Couldnt really comment on propperty and pricing, just a 20 year old living at home  :embarassed:
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Offline stu646

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Re: Some bidding advice
« Reply #5 on: 16 July 2012, 12:55 »
Quote from: haf1zur on 16 July 2012, 12:35
Hi

Bidding on something and basically they wanted more than 210, i offered 211, they came back saying they will accept 215, should i meet them in the middle at 213 or take it?

what would you do?

Depends how many other people are interested in buying the house. If your the only ones and the house has been on the market quite a long time, then call their bluff and say your final offer is 211 and if they don't accept you go looking else where.

If others are interested too though and you really want the house, then up to you if you want to go up to 215
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Offline haf1zur

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Re: Some bidding advice
« Reply #6 on: 16 July 2012, 13:01 »
its been on the market for a week, and so far looks like i am the only viewer

its got the garage i want at 20ft x 20ft with a pit, which i have found hard to find
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Offline Agreeable Slick

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Re: Some bidding advice
« Reply #7 on: 16 July 2012, 13:16 »
Going up such small amounts only works to piss the vendor off. Generally it's 5k steps at a time.

If it has everything you want then just take it. Mind you, with it only being on the market a week, the vendors will know you want it as you are bartering already.

Other option is put in a final offer of 211, then go quiet for a few weeks. See if they come back to you.

Also do some homework on local house prices and sale prices using Zoopla, and Rightmove.
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Offline haf1zur

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Re: Some bidding advice
« Reply #8 on: 16 July 2012, 13:30 »
Quote from: Agreeable Slick on 16 July 2012, 13:16
If it has everything you want then just take it. Mind you, with it only being on the market a week, the vendors will know you want it as you are bartering already.

Been looking for a while and every time I got prepared to throw in a bid the place gets sold. So was a bit quicker than usual on this one

House prices seem about right for the area, more in the middle of what has been sold this year

« Last Edit: 16 July 2012, 13:34 by haf1zur »
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Offline scarr89

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Re: Some bidding advice
« Reply #9 on: 16 July 2012, 13:32 »
Quote from: Chris#101 on 16 July 2012, 12:38
With out sounding like a nobb

Its £4  :lipsrsealed: if you want it that bad im sure you can stretch to secure winning it  :smiley:

I thought this!! Jesus I would have given you the £4  :laugh:

Perhaps meet in the middle and say that is your final offer. Then both of you are a winner.  :undecided:
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