Would you bother?

Sphynx

Hi all, we sold our house (subject to survey which was done today) a couple of weeks ago to a first time buyer. We came down £14K in total from our asking price. We were told by our EA that they would expect their vendors to find something "within about 2 weeks" :eek:

So we have been looking at everything in our price range ish and we can't find anything to suit. We saw a property at over 20K over our budget which (typically) was perfect. So my question is should we bother to make what is a very cheeky offer or just leave it as there is no point?

The house is in an area we want (near to parents, v good primary) but not the best area in the city. Other houses on the street are going for about £160K. This one has had a full side extension putting a couple of extra rooms top and bottom and is nicely presented.

I am hating searching for a house Please help!

I should have said it is on the market for £220K

princeofpounds

Why not? Your opportunity cost is just a phone call. Make it clear that you are aware it is a lowball offe, but it is genuine and proceedable, and that you cannot better it so it's take it or leave it.

ItMightBeUsefulOneDay

You have nothing to lose by putting in a "cheeky offer", the worst they can do is say no. Do it. Be brave, lose the Englishness and haggle like mad.

The vendor might be in any number of tight spots with means a sale now, right now is essential. You are in a very strong position having sold already. Use it.

Cannon_Fodder

Sometimes the first 10% of an asking price is the vendor testing the market.

Several properties have recently reduced price by 10%, having been on the market a month or less, presumably when they realise they are getting no viewings.

It cannot hurt to try.

Sphynx

Thanks everyone. The property has been on the market since December and with the location I personally wouldn't offer them full asking price anyway. However I will say that properties in that area are few and far between at the moment and we are desperate. But they don't know all of that! I am going to try and post a link so you can have a squiz.

Sphynx

http://www.rightmove.co.uk/property-for-sale/property-24057418.html

Milliewilly

Sphynx wrote: »

http://www.rightmove.co.uk/property-for-sale/property-24057418.html

Extensions that don't match the original brickwork are a pet hate of mine so I would be offering low on that basis. Its nice inside though.

Sphynx

How much does anyone rate the Zoopla valuation estimate? Because on there it is saying top value of £194...

I am clutching at straws :rotfl:

surreybased

Hi,

So most expensive house on that road had previously sold for £150k, this one has an extension but I think you should look at at offer. If its bene on since dec then the asking price probadly isn't right.
What do you have to lose? You might have your offer accepted..go for it.

Eric1

Sphynx wrote: »

How much does anyone rate the Zoopla valuation estimate? Because on there it is saying top value of £194...

Not reliable. Very recent sales in the same/nearby postcodes are more accurate.

Several 10K price drops in my area in the 200-250K range after a month on the market. If your final offer is 200K, start lower.

tabskitten

well- did you do it yet?