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Making an offer

Hi Guys,

Me and my partner are currently in the process of house hunting (exciting!).

We’ve viewed about 15 properties so far and have finally found one we love, the problem being it stretches our budget considerably and in all honesty, I probably shouldn’t have been looking at houses in this price range.

The house is up for offers over 270k and it has been on the market for 2 months. We are in the Nottinghamshire area of the UK.

On paper we can technically afford this, we have okay (good?) salaries at a combined 72k and we have around 40k deposit but this will be stretching us when it comes to the monthly payments and once you factor in all other bills.

This is the first house we’ll have put an offer on a house so I guess my question is - what’s an acceptable first offer that’s not too insulting? I was thinking 158k?

I should probably mention we’re both first time buyers, so no chain - does that really make a difference from a sellers perspective?

Many thanks :)

submitted by /u/Sad-Peanut-3425
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source https://www.reddit.com/r/RealEstate/comments/1dzrcqy/making_an_offer/
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