We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Should I put an offer in?
keith969
Posts: 1,575 Forumite
I''ve seen a house that I really love - its just right, plenty of space, not overlooked as it backs onto playing fields. The current vendors bought it for 325K at the end of 2006 and put it on the market in early 2008 at 395K, reducing it to 375K a year ago - since then no change.
I'd like to put an offer in and was thinking along the lines of 345K, however I've not sold mine yet - I've had an offer I'm prepared to accept, but the buyers have not sold theirs either. Got another 2 viewings tomorrow, one of which is a cash buyer.
So is it worth putting in an offer? Will they only take it seriously if I have a definite buyer? I guess my bargaining power is not that good without one.
I'd like to put an offer in and was thinking along the lines of 345K, however I've not sold mine yet - I've had an offer I'm prepared to accept, but the buyers have not sold theirs either. Got another 2 viewings tomorrow, one of which is a cash buyer.
So is it worth putting in an offer? Will they only take it seriously if I have a definite buyer? I guess my bargaining power is not that good without one.
For every complex problem there is an answer that is clear, simple and wrong.
0
Comments
-
I''ve seen a house that I really love - its just right, plenty of space, not overlooked as it backs onto playing fields. The current vendors bought it for 325K at the end of 2006 and put it on the market in early 2008 at 395K, reducing it to 375K a year ago - since then no change.
I'd like to put an offer in and was thinking along the lines of 345K, however I've not sold mine yet - I've had an offer I'm prepared to accept, but the buyers have not sold theirs either. Got another 2 viewings tomorrow, one of which is a cash buyer.
So is it worth putting in an offer? Will they only take it seriously if I have a definite buyer? I guess my bargaining power is not that good without one.
I can only give you my view as an ex agent. I would tell my vendor clients NOT to even think about listening to offers where the party making the offer has yet to sell.
However as the agent I would be happy to talk about 'ball park' figures especially if it helps the party offering when considering whether to accpet an offer they have been made.A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
Agree with chickmug, even if a vendor was willing to think about an offer, an estate agent will always advise it's not worth bothering about untill a buyer is proceedable.
You mention you're probably going to accept an offer from non proceedable buyers yourself & I'd never ever do this, especially in this slow moving market. Who is to say when they will eventually find a buyer for their house?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.0 -
Thanks, that more or less confirms what I suspected... Cattie sorry if I was not clear but I have not accepted an offer from the people who viewed mine, all I have said to the EA is that the price they were proposing was in theory OK assuming they do get a buyer themselves. Am putting more hope on the couple viewing tomorrow who have no chain!For every complex problem there is an answer that is clear, simple and wrong.0
-
Who is to say when they will eventually find a buyer for their house?
And when they do they always tend to revise their offer - downwards thus making it a waste of eveyones time in the first place.A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards