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offers?

manhattan
manhattan Posts: 1,461 Forumite
Uniform Washer
in House buying, renting & selling
right,
i am a cheeky first time buyer,with a deposit and have seen a house that we like,but it does seem overpriced.( imo )

the house is a 2 bedroom link semi property with garage and conservatory in peterborough at £159.999.

do you think putting in an offer of £30k lower would be a waste of everyones time?


with me receiving a slap from the EA, and the seller rolling over with laughter? lol

any advice or humour is welcome!
«13

Comments

  • david29dpo
    david29dpo Posts: 3,984 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    you can try, but if i was the seller, i would not entertain a silly offer like that.
  • manhattan
    manhattan Posts: 1,461 Forumite
    Uniform Washer
    thanks for the advice.

    and eye opener!
  • Jorgan_2
    Jorgan_2 Posts: 2,270 Forumite
    If you put in a silly offer like that you will loose all credibility with the agent & vendor. The agent will probably not bother calling you again when something else comes along.
  • cattie
    cattie Posts: 8,844 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Jorgan wrote:
    If you put in a silly offer like that you will loose all credibility with the agent & vendor. The agent will probably not bother calling you again when something else comes along.

    I absolutely agree.

    If you really want to actually buy a property you have to make realistic offers.
    The bigger the bargain, the better I feel.

    I should mention that there's only one of me, don't confuse me with others of the same name.
  • ejmna1
    ejmna1 Posts: 117 Forumite
    I agree with all the comments above but i have no knowledge of the property market in Peterborough or how long the house has been on the market. If you don't think its worth the asking price then put an offer in but if you love the house don't lose it because of a silly offer.
    n
  • manhattan
    manhattan Posts: 1,461 Forumite
    Uniform Washer
    ok thanks everyone.

    looks like i will have to wait a year or ten to buy.
  • silvercar
    silvercar Posts: 50,006 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Nothing ventured nothing gained. If you can't afford to pay a realistic price then put in your offer. At the very least they may come back to you in a few weeks time if they have had no further interest.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • manhattan
    manhattan Posts: 1,461 Forumite
    Uniform Washer
    thanks silvercar,
    we may just do that.

    we like the house,it is ideal for us and in a safe area. BUT we are not in love with it.
    we have plenty of time to wait for the right house at the right price.

    we are in no rush.
  • ethansmum
    ethansmum Posts: 1,780 Forumite
    Well our house is on the market for £210k but in reality we would probably accept £195k. In a neighbouring street, a house was up for sale at £400k. Granted it needed some modernisation but it was far from being overpriced . It was on the market for a couple of weeks when a cash buyer offered £300k for it and they eventually agreed at £325k which for that house was a real bargain. I guess the moral of the story is ' if you don't ask you don't get'. I would be tempted in your case to start with a cheeky offer and then build up to £145-£150k. What is the most you could afford for that house?
    July Win: Nokia 5800
  • manhattan
    manhattan Posts: 1,461 Forumite
    Uniform Washer
    thats our limit £130k

    thats taking into account for future interest rate rises,and any unexpected future problems etc.
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