Advice on one bed Flat purchase

[trying_to_survive]

Hi, I need to buy a flat soon to live. My budget is £240K. Looking around Lewisham and Ruislip area and they are all £250K-£300 for a 1 bed. I have no idea if this is the right price. Estate agent tells me that there are more sellers than buyers so surely that means its a buyer market. How much discount should I ask for - I saw one today that I like - its £275K with 116K year lease; should I make an offer for £240K? - I haven't got a clue what is a correct price and what isn't but whatever it maybe I will probably live there for the next 15 years.

 

[Mark T Jones]

The areas you are looking at should have plenty on the market to get a reasonable lever on prices.

However there are any number of variables which might affect what an individual vendor will accept.

One thing that will make you a favourable buyer is being chain-free.

Ultimately, offer what you wish - they can accept, decline or negotiate

 

[trying_to_survive]

The areas you are looking at should have plenty on the market to get a reasonable lever on prices.

However there are any number of variables which might affect what an individual vendor will accept.

One thing that will make you a favourable buyer is being chain-free.

Ultimately, offer what you wish - they can accept, decline or negotiate

Thanks!

 

[Newchodge]

May I remind you this is a forum for business owners to discuss business related issues.

 

[trying_to_survive]

May I remind you this is a forum for business owners to discuss business related issues.

And isn't buying a house a business?

 

[Newchodge]

And isn't buying a house a business?

No.

 

[trying_to_survive]

No.

It is.

 

[Newchodge]

Thread locked as no businmess relevance.