House on market 10 days.. I had a offer..

get_me_debt_free

Hi,
My House has been on the market 10 days and on friday I had a Offer, from First time buyers, i am looking for a quick Sale,
Do I wait? see if I can get a bit more?

House was on the Market for £125k they Offered me £123K
The House is empty and I am still paying Mortgage and paying Rent!! so Im thinking of letting it go..

Any Advice please??

sidefx

If you are after a quick sale, i'd take the offer. As first time buyers there is no chain and is only two grand under your asking price. Accept the offer i'd say

Bufger

they offered only 2k under the asking price and they're first time buyers. To me thats a no brainer, go for it.

If you ask around you will find most offers lately are between 5 and 10% under the asking price. Its very much a buyers market at the moment.

I would take it if i were you. Best to wait for a few more opinions though :-)

chickmug

I lost count of how many had a offer quite soon and decided not to take it. Months later, when they were reducing to get a buyer they regretted not taking the earlier offer. But can't you nudge them up?

zzzLazyDaisy

£2k under is nothing in the current climate.

I'd bite their hand off!

Having said that, I'd continue to market it until they've had their survey done because until then there is no guarantee they'll get the mortgage they need.

ognum

It clearly depends on the area you live but I would accept and move on, if you hold out for the extra 2K you will soon have paid that much out in mortgage payments but beware the survey as they may reduce their offer!

get_me_debt_free

Thanks for the replies its just nice to get an opinion..
Heres to my new life!! xx

Bootski

I would take - 2K under asking price is really good. Maybe, cause it's only been on for 10 days, accept the offer but leave it on the market cause you'd like the opportuntiy of better offers.

Bootski

Bootski wrote: »

I would take - 2K under asking price is really good. Maybe, cause it's only been on for 10 days, accept the offer but leave it on the market cause you'd like the opportuntiy of better offers.

Cause it's now a seller's market, depending on the property and local market conditions!!!!!!!!!!!;)

SailorSam

Grovel to them, do all you can to make sure they don't go away.
Give them tea and biscuits, and buy them flowers.

I think you do have a better chance of selling when the house first goes on the market, any prospective buyers probably look each week so when something new comes up that's what they go to look at. The ones that have been for sale for a while have less chance.

Bootski

SailorSam wrote: »

Grovel to them, do all you can to make sure they don't go away.
Give them tea and biscuits, and buy them flowers.

I think you do have a better chance of selling when the house first goes on the market, any prospective buyers probably look each week so when something new comes up that's what they go to look at. The ones that have been for sale for a while have less chance.

But I wouldn't discount them either. It's been the worst time in history for anyone to sell. As before, if a house had been of the market for a long time without selling, then something was wrong with it.

I've been on the market for a year, had viewings and an offer that fell through as the chain broke. So by all means look at the fresh properties coming onto the market but don't discount the ones that've been on for a while.