Cheeky Offer

Odd_Jim

Viewed a house recently that had an asking price of about £150,000.

When i was speaking to the EA, I said I thought that the property was overvalued, before I can say why, he told me that the Vendor was expecting to accept an offer and for me to put in a cheeky bid.

I think its worth 120-130.

The poperty hasnt been on the market long, there are a lot sticking for over a year, but this is quite a different house from the others.

Is this the EA just trying to complete on what he thinks may be a tricky property to sell?

What is classed as a cheeky offer nowerdays? 15-25% off?

Thanks,

Jim

delmar39

All depends on what the vendor needs to achieve in order to make the move. It's ok putting in low offers (nothing wrong with this), but they're unlikely to be accepted (but you never know). All depends how much you want it. When I'm looking for a house I only put offers in on properties that I want to live in and therefore don't mess about putting in daft offers. Start at 10% below, but be prepared to go up to an amount that you're happy to pay. Of course you can do all the checks on house prices in the area, what they've sold for etc, but you're gut feel will lead you in the right direction.

henrysprings

well I guess it all depends on if you have a chain. If you dont and your ready to go them I would say that 20% off is a reasonable offer. just remember that you can always increase but if you go in high you cant go back down.

McKneff

When i was speaking to the EA, I said I thought that the property was overvalued, before I can say why, he told me that the Vendor was expecting to accept an offer and for me to put in a cheeky bid.

This is very naughty of the EA, the vendor is paying him to get the best possible price for their property and he should not be saying things like this. Further down the line, would you trust him to sell your house, I wouldnt.