Some bidding advice

[justalex81]

i would punch in at 213k final offer. then leave it and pray someone doesn't offer the full asking.

[Agreeable Slick]

Well assuming you have either

A) Enough cash to cover the costs - £215K + factoring solicitors (including searches and surveys) at an average of £1500 then SDLT at 1% (£2150) plus any other costs, moving firms, insurances both life and buildings as a minimum.

B) Already got an AIP to cover at least the full cost of the house + min 10% deposit of £21500, and all of the costs above covered.

Then IF and only IF you can see yourself living in it for at least the next 5 years, I would proceed and just get it taken off the market with no further viewings (insist on this if your offer is accepted), before someone comes in and offers asking price on it.

[haf1zur]

seeing the broker tomorrow evening, got a mortgage agreed in principle so keeping my fingers crossed

plus point is the car insurance is a lot cheaper in the area i am looking at, 2/3rds cheaper

[R32UK]

tell them 212 is all you have, book some more viewings with the estate agent, and tell them that is your final offer.

[haf1zur]

well, just said 212 and waiting to hear from them

keeping my fingers crossed

[T_J_G]

You're playing it risky though. If it's what you want get an offer of 215 in. If last minute after you've agreed mortgage etc someone can still trump you with the amount they're asking for. Especially if they have cash!

[golf-sib]

I'd meet in the middle and say its all you can afford at the max end of your budget followed by it being taken off the market. On properties that price doing 1k increments will annoy the seller. If te property was 100k its a different story.

[haf1zur]

just bit the bullet and made the offer they said they would accept

they accepted, but would not take the property off the market till the survey is done, is that a good move on their part?

[R32UK]

congats 

its usually left on as a ploy to make sure you get your finger out and push on with things. If there are any hold ups then they can fall back onto next buyer.

saved yourself a few £k also 

[Agreeable Slick]

Basically means you can be gazumped at any time by someone willing to offer more or a cash buyer.

I would personally try to get them to agree to take it off the market or not accept any further viewings.