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Is offering 20k below asking price a bit too cheeky?!!!
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About 6 years ago, IIRC0
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So 84k in 2003ish. Remember flats are being and will be hit hardest and the housing market is in or around April 2004 prices (Nationwide). Average home difference in that one year is about 20k. I don't think your offer is that cheeky at all going off that. Though 'location' comes into play aswell.0
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Thats an interesting point - about prices being april 2004. Put my offer in context of that, and maybe it isnt so cheeky...0
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Couple of ideas you may or may not be aware of that people post on here:
1. Go in low first offer, if its rejected put a slightly higher offer in thats not even to make it look like its your best.
2. Get a friend/family member - dif surname
to view the flat and put in a lower offer than your first.
People buy for different reasons, the long term trend is still down, so for me personally, I would rather wait for house prices to rise for half a year after seeing the economy as a hole be positive rather than buy now and hope that I don't lose my depost in this recession though whoever buys at the bottom is a lucky b*****0 -
I'd considered point 1, but not point 2 - what a good idea!!! 0
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Not surprisingly, its been rejected. And now, as if by magic another offer has been made - higher than mine but still rejected! I'm building up to making a higher offer0
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Sounds like its time to walk away and come back in 6 months when the vendor may have woken up to reality...0
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I take your point, but i do like the flat and don't feel like walking away TBH
EA indicated she wants approx 125k, i'm thinking of offering 120k and let them think0 -
Why not try tommy75's 2nd point first. I'd be curious to see if another potential buyer got told about both your offer and the supposed higher one.0
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Thats a good idea, i will get one of my friends to do it and see what she says, she's very good at playing it cool in these sorts of situations!0
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