How low would you go?

Made_Without

Posters often talk about putting in low offers, but how low have you gone?

And what's been successful?

C*F

tawse57

IMPO you have to start 20% below their asking price today and I am not comfortable about that as 30% is probably more sensible in this bubble market on the verge of collpase.

This is just my opinion and not meant to be financial advice.

jozbo

have put in offers at 170 and 173 for a flat with AP 200-215
180 for AP 200
157 for AP 168

All reasonable (if not generous) and all refused.
Perhaps I've just had a speight of unrealistic sellers. Fingers crossed the wind will change on that front.

PasturesNew

I've been wondering today whether to go see a house ... it's now £5k less than they paid in 2004, but 2 doors along sold for £18k less just last month .... so .... wondering whether it's uber-cheeky to go and view it with an idea of putting in an offer of £20k less than the neighbours sold for.

The only thing holding me back is the house is a 4-bed detached and I don't really want one that big and it's not got a conservatory either ...

So, on reflection, I think I am deciding to not even go and view it.... I don't really WANT a house at the moment ... it's the pressure of everybody else (d4mned family telling me to buy, buy, buy .... and that prices will rocket).

I think there are still some significant falls to be had... and I should go try out a new county or two before deciding where to live.

But, if I did want it ... I'd be probably going in 15% under their asking price.

sarah69696pink

hmmmm brill Q
we have just found a house that we REALLY want (yes I know I shouldn't get emotionally attached but have been looking for 7 months and this is only the 2nd place we like!).
Anyway its on at £139950.00, apparently the owner declined an offer in the 130s when it was first on the market (have not been able to establish exactly when that was execpt probably 2 months ago when I was on hols as we did not see it come on).
It needs a fair bit of work doing to it and we were going to offer 123k with a view of going up to 129,999.00 as our max. Would ideally love to get below the stamp duty threshold.
However is £123k too cheeky an offer to start with. When I suggested to EA I would be offering in the 120's she said he would not accept but to put in a sensible offer to get the ball rolling....
The vendor was also selling next door on at £144,950 with hardlky any work to do. That is now sold STC, however not sure how much for (although do know a deal with done with the ppl who offered in the 130's for the one we want!).
Hope this all makes sense - any help / advice greatly appreciated!!!

tawse57

sarah69696pink, perhaps you should visit the forums at housepricecrash.co.uk and also get yourself the Property Bee plug in for your browser and then go surf houses on Rightmove?

You will be surprised.

Best of luck.

westv

Putting in an offer shouldn't just be a matter of guesswork or randomly plucking percentages out of the air. Put some research into the local market and when you can back up your opinion for the value of a property you like your offer might be taken more seriously by the EA

evening_all

We are in our house now, was originally up for £106,950 but got it for £100k. Went in at £93k, £96.5k then £99k.

new_home_owner_3

Offer what you think a house is worth and make sure you can afford it, if the sellers dont want to accept it thats that, but it dont hurt anyone in asking.

our house was up for 230,000 and we got it for 200,000, which is 15 percent off, but we started off at 180,000 and worked are way up.

all houses are different we made our offer quite quickly after each offer, but the reason we done this was the house had sold twice before within a week of being marketed, and as soon as we seen it had become available we was on the phone to arrange a viewing.

it was probate and has the family was that fed up with the other buyers who had messed them about we agreed to give them a 2000 pound holding deposit, which the solicitor held.

the only thing we would have done differently is we would have been to take our time between each offer, but i think, if we would have, it may have gone to someone else.

Anyway you live and learn, but my advice to anyone is if you dont ask, you wont know what you might get...

they may accept your first offer:eek: and then you will always be thinking afterwards did i go in to high!!!!:cool::D

Io07

we've had our offer accepted :beer: BUT, now wondering if this was too high?? argh!
the property is fab, needs a new kitchen but is a repo - was sold for £135k 3 years ago, now marketed for £90k. went to sealed bids and we lost out first time(offered £92k) so second time round offered £100k and its been accepted.

should we wait?? any crystal balls I could borrow!:p

Made_Without

They've all not gone through... But I've had

317k accepted on original AP 380k (got gazumped by someone offering 325k)
285k accepted on original AP of 325k (vendor pulled out before exchange - its still on the market 7 months on)
260k accepted on original AP of 265k

I'm putting in an offer later today - done so much research, my head is spinning and it all seems to be conflicting

C*F