Cheeky ?

gvmh71

Just after opions really. I've seen a house I really like which has been on the market since June 09, its up for 137500. I've already had a 120000 mortgage approved and want to put an offer in for 120000, based on that and the fact I have no property to sell.

Is this a bit cheeky ? I know its a buyers market but I don't want it to offend the owner ?

Am I being too soft ?

ajbisgr8

Nothing ventured...

Don't worry about offending the owners. If it's been on the market for a while they could either be a) desparate to sell or b) not in any rush and holding out for the sking price.

You won't know until you try...

Welsh_Totster

You dont ask, you dont get. Its always worth a punt.

Gwhiz

Yep too soft! Who cars what people think - if you get it cheap you'll be smiling for years

ajbisgr8

You could also ring the estate agent and ask if the owners are open to offers without committing to a figure.

tim_n

Cheeky but good luck. Start the bidding at 115 if you really want to be cheeky and then raise to 120k.

angrypirate

Rule of thumb - if the offer doesnt offend, then the offer is too much

edthomasj

Hi,

Def wouldn't worry about 'offending the owner'........you needn't be emotionally attached to them at all.

No one else thinks the house is worth 137.5k hence it's still on the market.

The seller may be more pleased than you think with your self-styled 'low offer'.

Best of luck, and pay only what you think it's really worth!

hugheskevi

I've already had a 120000 mortgage approved and want to put an offer in for 120000, based on that and the fact I have no property to sell.

If you have a mortgage offer of £120,000 then I would assume you to have at least a 5% deposit to get a mortgage in the current market, meaning you could pay a total of a bit over £125,000 including the deposit.

Might be better to pretend you have a mortgage offer of £115,000 and on that basis offer £120,000 if you are going to mention a mortgage in the offer - depends how you intend to deal with counter-offers, and what you are actually willing to pay for the property of course.

[Deleted User]

I'd recommend taking time to consider the owners' feelings. Moving house is SO much nicer when you're on really good terms. If I were selling and someone put in a very low offer then unless I was desperate I'd reject it out of hand. But if someone phoned up, explained that this was all they had and asked me to consider them if they didn't get a better offer there's a chance that I *might* consider it. If someone is going to benefit out of my bad luck I'm damn sure it'll be someone nice and not some ill-manered vulture trying to get a bargain at my expense!

In our recent move (we were buying) we were on fantastic terms with the sellers. Everyone was above board and everyone was bending over backwards to help each other. We got a great price and moved into find a spotless house, milk in the fridge, wine and a welcome card, and all wiring/controls etc maticulously labelled and explained. Better that than frosty atmospheres and moving into a house to find that the loo roll holders, light fittings - everything has been taken. Or worse still - finding out at the last minute that the owners have got a better offer.

martindow

But surely if you pay 120,000 won't the mortgage advance be whatever percentage of value your mortgage company are willing to advance. You will have a bargain but will still be required to pay a deposit