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Offering low on already reduced house

roboticpink · 2011-02-28 15:36:44

Anyone have any experience of offering low on a house that's already been reduced? We're FTBs and we like a house we've seen that has already been dropped in price by £12k... it's been on the market since early August, and they dropped the price when they changed estate agents in Autumn, and again in January. Should we…

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geoffky Posts: 6,835 Forumite

23 September 2011 at 5:14PM

Well done pixie..we waited and waited on the sidelines with the house we bought and originally it was on for 300k after some very hard work and plenty of bluffing and walking away as i held ALL the cards we got the house for 186k.
Doing all the homework i had found out they were in no position to blag anyone and time was not on their side but i had plenty.
I got them to pay the stamp duty even though we never paid it due to the wife being a ftb and we were a cash buyer which helped...it took six months to complete due to a load of legal hassle that only a very very good solicitor spotted that made the house unsellable until it was fixed.
Going in with all guns blazing would of cost me a fortune...

It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
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Offering low on already reduced house

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