opinion on offer

lewolf

sarah_elton wrote:

Have you checked what other houses nearby have actually sold for recently? See other threads on here for links to sites where you can see.

Yes, I've kept an eye on it but our house is quite different to most in our area. The majority are 3 bedroomed, small kitchen (9 x 7) no downstairs cloaks. We're 4 bedroomed, downstairs cloaks and shower room. Extended Kitchen ( 20ft by 10). Additional family room.

So the past prices in my area didn't reflect the extras our house offers.

However, yes the vendor has looked on nethousprices and based his offer on that. I personally think this is madness because his house will have increased by the same proprtion too as we are in the same town.

Estate Agent thinks it isn't a bad offer - but not a very good one either.

Going to have sleep on this.

CB1979_2

he's bluffing, if that's his max price why go to look at a house valued @ £15k more?

also he could have had the same spiel given to him by his purchasers.

on the house you're buying are you going to offer your max amount or are you going to try your luck and offer slightly less?

£15k does sound alot but at the end of the day it is a relatively small percentage drop though.

say to him £320k and you'll take it off the market there and then, he may come back with an offer of £315k then

but it's all guess work, to how others will react.

good luck!

Angela_D_3

We are watching a house that came on at £350k has dropped to £339,500 and we will offer £300k in about 6 weeks time.
The EA's I have spoken to today have suggested people are accepting offers, they are having to.

lilyann1

I would go back and say it is a little low you were hoping for a bit more and see what he says.
You could also wait until you have seen what you like and see what offer you have accepted on the onward move?

We have also had a similar senario here ,but we are the people offering.
We saw a 4 bed house this week,only been on the market 3 days.It is up for £370k and the owners want the full asking price,even though we know they paid £321k for it 18mths ago and they have literally wrecked it since they have been there.

I saw a picture of the house and garden when it was on the market 2 years ago and it was immaculate so the state it is in now is disgusting.
I reckon it needs 20k of work to improve let alone a professional clean the moment we moved in.

We offered 360k and it was turned down flat and they will only accept the asking price.I have said they won't get it as the house isn't in good condition ie; they have had a leak and have no tiles or flooring in the bathroom and a bit of the kitchen ceiling is missing where the water leaked.They are not planning on correcting this before they move out!!!

I said to my agent if this house had been on the market 2 or 3 mths then my offer would have only been £350k not 360k.
I cannot believe the house price has gone up 50k in 18mths with these people wrecking the house too?

david29dpo

one small point, what on earth as the price you paid for it got to do with his offer?

Angela_D_3

lilyann1 wrote:

I would go back and say it is a little low you were hoping for a bit more and see what he says.
You could also wait until you have seen what you like and see what offer you have accepted on the onward move?

We have also had a similar senario here ,but we are the people offering.
We saw a 4 bed house this week,only been on the market 3 days.It is up for £370k and the owners want the full asking price,even though we know they paid £321k for it 18mths ago and they have literally wrecked it since they have been there.

I saw a picture of the house and garden when it was on the market 2 years ago and it was immaculate so the state it is in now is disgusting.
I reckon it needs 20k of work to improve let alone a professional clean the moment we moved in.

We offered 360k and it was turned down flat and they will only accept the asking price.I have said they won't get it as the house isn't in good condition ie; they have had a leak and have no tiles or flooring in the bathroom and a bit of the kitchen ceiling is missing where the water leaked.They are not planning on correcting this before they move out!!!

I said to my agent if this house had been on the market 2 or 3 mths then my offer would have only been £350k not 360k.
I cannot believe the house price has gone up 50k in 18mths with these people wrecking the house too?

It hasn't, leave it 6 months they'll be wishing they'd snapped your hand off.

Woby_Tide

on the one hand them basing the offer on your purchase price is daft, on the other you hve to guage what the interest in your place has been like. Is this the first offer you've had? Is there still many viewings that may produce more. By all means turn it down as you are in no rush you say, but if thats the only offer and in a few months when you really need to sell you may be getting lower offerw due to your situation. Only you can answer this, have you found anywhere you would offer on yourself, that should be a bigger deciding factor.

Expecting higher offers because you need it to move 'upwards' is dangerous thinking. If you think prices are still rising then bear in mind that in 6 months houses coming on the market will have increased their asking price, you'll still be on at the same price (and if you haven't had offers) then you'll be reducing the price to get a sale (unless you intend raising your asking price despite getting no suitable offers at current asking price.

It's a tightrope, and you're walking it sadly like all other buyers and sellers!

dougk_2

Angela_D wrote:

We are watching a house that came on at £350k has dropped to £339,500 and we will offer £300k in about 6 weeks time.
The EA's I have spoken to today have suggested people are accepting offers, they are having to.

You must be living in another part of the country to me where very few houses are on the market more than 6 weeks let alone 6 months!

I guess its all down to location , location, location as they say!

Woby_Tide

Angela_D wrote:

We are watching a house that came on at £350k has dropped to £339,500 and we will offer £300k in about 6 weeks time.
The EA's I have spoken to today have suggested people are accepting offers, they are having to.

apologies if I've got the wrong forum poster but didn't you post a couple of weeks ago stating taht you'd had to drop your house £50k to get an offer (friom £300k to £250k) but didn't beleive it was overpriced, yet the house you want to purchase is overpriced by £50k?

lewolf

david29dpo wrote:

one small point, what on earth as the price you paid for it got to do with his offer?

I his wisdom his offer is based on the fact that we bought it in March 2005 for 285k and that in his opinion an offer of 310k is all it should be worth to him - even though the asking is 325k and by comaprison to what's out there locally very reasonable.

He has set his own rules really and is not allowing for the general rise of all property value in the area - including his own.