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made an offer - 1st time buyers

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  • made an offer - 1st time buyers

    Hi,

    Me and my boyfriend have just made an offer on a property but we are having second thoughts about what we offered. The property was put on the market at £265,000. We offered £255,000, aware that we would have to pay 3% stamp duty on this. If we were to go back to the agent and re-offer £250,000 do you think this would even be considered? No other offers have been made as yet but the owner is not in a rush to sell.

    We love the property but on second thoughts it seems silly to offer just over the 1% stamp duty threshold.

  • #2
    Re: made an offer - 1st time buyers

    Honesty is always the best policy - offer £250,000 but make it clear why.

    Right now there's a lender offering to pay towards stamp duty costs - let me know if you want any further details.

    Good luck.

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    • #3
      Re: made an offer - 1st time buyers

      Only a complete fool would pay a few thousand above any Stamp Duty threshold.
      Offer £249,999 and walk away if it is refused.
      Why pay more TAX (£5150 more!) so a greedy seller can get a £5,000.
      You may as well agree on £249,999 and split the extra Stamp Duty that would be payable as cash on completion!
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