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do unrealistic offers cost you more?
theGrinch
Posts: 3,133 Forumite
i was just wondering the kind of discounts off asking price that have been successfully achieved in the last 6-months by people on this board.
Also can making an unreasonably low offer actually cost you more as the vendor becomes more stubborn and holds out for near full asking price? I have heard some people suggest starting your offer at 85% of asking, but I have also heard of a couple starting at 80% of asking price (market price was about 95% of asking price) and ending up at full asking price!
Also can making an unreasonably low offer actually cost you more as the vendor becomes more stubborn and holds out for near full asking price? I have heard some people suggest starting your offer at 85% of asking, but I have also heard of a couple starting at 80% of asking price (market price was about 95% of asking price) and ending up at full asking price!
"enough is a feast"...old Buddist proverb
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Comments
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I think most people have an idea of what they will accept. We put our house on £5k over what we were willing to accept. After having viewers and only 1 person putting in offers, we accepted their 3rd offer which was exactly what we wanted (£5k less). Its not cheeky to offer less - you never know peoples circumstances. If they want a quick sale and you are the only one putting in offers then they may accept lower. They may be willing to stay on the market for a year waiting for full-asking (as one of our friend has done. Had viewers, 2 or 3 offers lower, but she is not budging. She is not desperate to move). I have heard recently of a couple who put their house on the market and 3 or 4 people were bidding on it and it went for £30k more than the asking price!!
Good luck!! x0 -
cuffie wrote:I think most people have an idea of what they will accept. We put our house on £5k over what we were willing to accept. After having viewers and only 1 person putting in offers, we accepted their 3rd offer which was exactly what we wanted (£5k less). Its not cheeky to offer less - you never know peoples circumstances. If they want a quick sale and you are the only one putting in offers then they may accept lower. They may be willing to stay on the market for a year waiting for full-asking (as one of our friend has done. Had viewers, 2 or 3 offers lower, but she is not budging. She is not desperate to move). I have heard recently of a couple who put their house on the market and 3 or 4 people were bidding on it and it went for £30k more than the asking price!!
Good luck!! x
i totally agree0
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