How much to offer on a dream house outside our budget?

rumbaba

cronos wrote: »

That may well be their perspective and your perspective, but I would not let that put people off putting in what you may consider a rude or cheeky offers. There are still people (not everybody) who are accepting offers well below the asking price. For example, I recently purchased a property (in a well established area) for over £100k below the asking price and surveyor's valuation. In the final analysis the 'market value' is what I paid for it regardless of the surveyor's or vendor's view.

It must have been an expensive property if they chopped £100k of it. Probably was overpriced to begin with.

But you're wrong about people paying what they want for a place. If the person selling has a mortgage on it they'll not be able to sell under a ceiling price - and the bank wouldn't sell it under a guide price either.

Even at auctions where right rough places go up they get withdrawn if they don't reach the reserve. People won't sell at ANY PRICE however much you wish they would.

You might get a bit off the asking price depending on the property and area, and the place you bought must have been really overpriced if they got rid of it for £100k less than what they asked. What was the asking price as a matter of interest?