£130k house is it too cheeky to offer 100k?

happytails

Fell in love but cant really afford much more than 105k - its up for £129,950, the vendor said she would accept £120k - not got our deposit together yet but if we are serious about it when we have it in sept do you think 100k sounds reasonable?Maybe i should start lower as i dont think i can go much higher

Sarah x

pawpurrs

Is their any point at the moment, if you wont have a deposit untill september?

happytails

pawpurrs wrote: »

Is their any point at the moment, if you wont have a deposit untill september?

Well that was helpful!

We were looking to see what we could get for what price but accidentally stumbled upon something that seems perfect

SwissLe

You are going to put an offer in on the basis you cannot draw funds until September? I don't understand - this is making the offer look very unattractive.

I would say £100k is worth an offer if you state that you have an intention to move quickly and don't want to mess around. There is no risk, they can only say no and you admit you are unable to proceed at a higher value.

loki13

It may seem perfect, but as you are not ready to buy, I don't think the vendor would take you seriously. Perhaps if it is still on the market inSeptember, it will have dropped in price, or the vendors will be ready to look at low offers. Is it realistically priced at £130,00, or overpriced? As Pawpurrs said, no point in workking out offers in May, if you won't be ready until September

pawpurrs

Well I thought I was being helpful, if your not procedable untill september, then why would the vendors accept an offer from you now?
If you cant buy untill september then they wont take it off the market for you untill you are in a postion to proced?

tessie_bear

give it a go nothing ventured etc etc...really sell your position say u can do a quick sale are ftb put the offer positively iyswim...they might like u and let u have it at that price
good luck

SwissLe

tessie_bear wrote: »

give it a go nothing ventured etc etc...really sell your position say u can do a quick sale are ftb put the offer positively iyswim...they might like u and let u have it at that price
good luck

A quick sale being 5 months before they can exchange contracts?!

pawpurrs

With regards to the price, the vendor has indicated the price they are willing to accept, they *may* take less, who knows. But I dont think they are likely to accept 100k, unless its overpriced that seems like a large drop. How does it compare with other properties, how long has it been on the market, how keen do they appear to be to sell.
Offering lower, just to come up to the same price, doesnt really work, as they will have a figure that they need to achieve.

loki13

but they can't move quickly - they won't have the deposit until September

logie28

Depends how much equity is left in the house your after, we was in a similar position looking at houses in your price bracket, couldn't find many who had not maxed out their equity so would not budge much on price..

Worth a "cheeky" offer though,, whats the worse they can say?