Even in a strong property sellers market, it is advisable to go in low. As a first time buyer who has proof that you will not have any problems getting a mortgage (having obtained an agreement in principle) – you should not be afraid to make a low offer based on a quick transaction, providing of course you are in a position to move quickly.
In a weaker property market you can even consider going in even lower. The lower the property purchase price, the easier it will be for you when getting a mortgage – and more importantly, the easier / cheaper it will be to pay that mortgage off!
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