Offering 15% less or more off asking price - too cheeky?

harrup

pardal51 wrote: »

- Has the EA actually forwarded your offer to the vendor?
- If you are sure that property isn't worth the AP or 2% less, just tell EA that your max offer is X and that is it.
The same way the vendor won't budge, you will not go over your max. As simple as that

Well, the EA certainly said they put the offer forward. I guess I have to take their word for it.

What I will do, though, is when we'll make our final offer - I HAVE to give it one last shot - we will tell
a) make the offer in writing
and
b) send a copy to the vendor.

Since the house has changed agents, I want to make sure that an EA doesn't "forget" about our offer...in case they want to avoid losing their commision to the EA who introduced us and showed us round.

harrup

Ankatden wrote: »

Walk away.

Don't get emotionally attached to having a house as when you do you make decisions based on your heart rather than your head but your head has to pay the mortgage.

If you have already accepted its over valued then buying at a too high price is already given you negative equity on day 1.

You need also to consider that a Surveyor may NOT value at the same price so the sale falls through anyway.

You are right.

Absolutely right.

And still....we'll give it one last shot! It is a nice house....the nicest I've seen in a long time. But it IS overvalued.

As we can buy the house outright we wouldn't be in negative equity. Simply morons for falling for an overpriced house!:o

IF we truly want it we'd have to accept that we'd lose a bundle on it if we ever came to sell it in the near future.

[Deleted User]

harrup wrote: »

WOW!

I suppose you bought at the height of the market and then HAD to move ( work relocation, divorce, etc)? That is quite a financial hit to take. Uff.

Still you wanted to sell your house....and did. Bravo.

yes and we got the eco house we have always dreamed of which we would have missed if we had stayed at the higher price

Milliewilly

flimsier wrote: »

Have you ever bought a house?

Yes there are a lot of armchair house buyers on this board.

If you offer low you get accused of quote: 'twatting about' the estate agent (by someone who hasn't even seen what you are offering on or the work that needs doing to it so is in no position to comment).

Offer high and you've paid too much - cries of negative equity, public sector cuts, interest rate rises etc.

There are only a handful of people on this board who like me are actually buying and selling in the current market.

The rest just like to think they are property negotiation experts.