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!
Are we being greedy?

TCB1
Posts: 56 Forumite
Hi,
I am new to this but need some advice from those that hopefully know better than me!!
We put our house on the market last Wednesday, for £284,950, as we need to move areas for schools. We love our house it is just in the wrong place so this isn't an easy move.
We have had 3 viewings and already have an offer, it started at £270k which we rejected, and they have now made a final offer of £275k. My husband wants to reject this one but I am worried about rejecting it in case we never get one higher!
Are we being greedy? A house nearly the same as ours sold for £275k 6 months ago 2 doors down from us.
Thanks
T
I am new to this but need some advice from those that hopefully know better than me!!
We put our house on the market last Wednesday, for £284,950, as we need to move areas for schools. We love our house it is just in the wrong place so this isn't an easy move.
We have had 3 viewings and already have an offer, it started at £270k which we rejected, and they have now made a final offer of £275k. My husband wants to reject this one but I am worried about rejecting it in case we never get one higher!
Are we being greedy? A house nearly the same as ours sold for £275k 6 months ago 2 doors down from us.
Thanks
T
0
Comments
-
Whether or not you're being greedy depends on how much you can afford to take. How much equity would you get if you accept the offer? How much do you need for your new house?Don't worry about typing out my username - Call me COMP(Unless you know my real name - in which case, feel free to use that just to confuse people!)0
-
This is a hard one.
With the house sales as it is i would go for it if i needed a sale now, i have heard of some people loosing a lot more on thier homes right now unfortunately.
Maybe sit down with your hubby and go through the pro and cons of rejecting or accepting a sale now.
Good luck xDebtFree FEB 2010!Slight blip in 2013 - Debtfree Aug 2014 :j
Savings £132/£1000.0 -
You're greedy if you fail to sell and come on here in 6 months wishing you'd accepted.
You're not greedy if you stand your ground and end up getting asking price.
At end of day it's nothing to do with being greedy - it's all about feeling good about a deal and getting on with your life.0 -
People are expecting a discount these days. It doesn't really matter what your asking price is, they don't want to pay it.
That offer is really respectable when crudely based on your asking price. Have houses ever sold for more than that in the street?
Talking to the agent I was using recently and he made a very good point that there isn't much on the market at the moment. What happens therefore is that you have a pent up demand when a property first hits the market of people that are looking for a particular house and have been for a while, so as soon as something comes up you get a flurry of viewings and possibly offers.
Then it slows down as your property become familiar to people looking and so you then only appeal to people newly coming to the market. It's not a great time of year for that type of buyer asied from the fact that there aren't that many buyers either- just less properties. I've sold very quickly twice in the last couple of months and to be completely honest, the word I'd use is "grateful" - the fact that there isn't much on the market is helpful to vendors at the moment - if the market floods again in spring then it will cause more competition again and make for a buyers market.
If I had set an asking price of £285k I'd have expected offers around the price that you have. What sort of position are these people in? Have you had the feedback from the other viewings? Their feedback could be quite important in your own decision. The relief of being under offer is a good thing too - it allows you to move on.Everything that is supposed to be in heaven is already here on earth.
0 -
Are the people making the offer in a long chain or are they cash buyers? If they have nothing to sell then I would treat them more favourably.
James.0 -
Thanks,
We haven't found a house and in the area with the school we really want there is only one for sale at the moment. I don't think this is helping the decision making process at all as there is no sense of urgency.
We have little equity (£220k mortgage) so every thousand counts when it comes to affording a new house.0 -
It all depends how much you want to sell? Did you discuss a "lower price" with your OH at the time of putting it on the market?
Ok, so they have said that is their final offer. Counter it?
Say £280,000 and they can consider it off the market. With any luck they will come back in at £277,500 - which is a little more for you.
3 Viewings and an offer in less than a week is impressive, although as soon as a property goes on the market it does get more interest this is pretty good by anyones standards.0 -
Would you consider renting in the area (not ideal with children) but could give you time to save for a bigger deposit and wait for the right property to come on the market? it would also put u in the best position to make an offer as u r chain free!
We have a similar problem with nothing bein available where we want to move so will prob have to do the rentin route for 6-12 month.
Good luck OP.0 -
Say £280,000 and they can consider it off the market. With any luck they will come back in at £277,500 - which is a little more for you.
Yes. You don't have to reject that 'final offer' either to do this - you've turned it into more of a haggle. If the buyer is standing firm they won't see it as an outright rejection, if they have more to give they will treat it as an invitation.Everything that is supposed to be in heaven is already here on earth.
0 -
They are in a chain but only one person below.
I did take the £275 as really final, didn't think to counter, it won't do any harm will it?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards