We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How common is this?
leanneb010
Posts: 39 Forumite
Hi
Looking at a house that I was seriously considering putting an offer in on. However, when we viewed the property we asked why the seller was moving. She explained it was due to her job (in her current job, her pay was about the get halved and she was applying for a new job which required flexibility to move), basically if she didn't get the new job she implied the house would come off the market.
I emailed the estate agent to get some clarification and was told that she would sell, but not for less than £78k. Now the house has been on the market for over a year, it was advertised as fixed price £78k, but has now been dropped to Offers Over £69k. Based on the fact that it has been on the market for so long and the area (I live nearby, not a great area, but it has got better in recent years) I would barely be willing to go to £69k never mind £78k
What I want to know is is it a common practice by sellers/EAs to drop the price to offers over and still expect the original asking price?
The answer is probably yes, but I was hoping for some common sense on their part.
Cheers
L
Looking at a house that I was seriously considering putting an offer in on. However, when we viewed the property we asked why the seller was moving. She explained it was due to her job (in her current job, her pay was about the get halved and she was applying for a new job which required flexibility to move), basically if she didn't get the new job she implied the house would come off the market.
I emailed the estate agent to get some clarification and was told that she would sell, but not for less than £78k. Now the house has been on the market for over a year, it was advertised as fixed price £78k, but has now been dropped to Offers Over £69k. Based on the fact that it has been on the market for so long and the area (I live nearby, not a great area, but it has got better in recent years) I would barely be willing to go to £69k never mind £78k
What I want to know is is it a common practice by sellers/EAs to drop the price to offers over and still expect the original asking price?
The answer is probably yes, but I was hoping for some common sense on their part.
Cheers
L
0
Comments
-
Vendors expect a lot of things, especially when they have a mortgage for more than the property will sell for in the current market. However, none of this is of any concern to you. If the property is attractive just put in whatever offer you think it is worth to you and don't budge.0
-
Suspect it's not a job change that's making her move... Not if it's been on the market a year.
If she won't take below a certain figure then she might not sell. Her risk.
I'd look elsewhere.0 -
I would offer what you think its worth and walk away if she doesnt accept.0
-
The vendor is living on a different planet!
If you feel my comments are helpful then I'd love it if you 'Thanked' me!
0 -
-
womble12345 wrote: »I would offer what you think its worth and walk away if she doesnt accept.
is the right answer0 -
She's not serious about selling. If you set your heart on this house, you might find yourself having to go beyond what you think it's worth (not good) or being disappointed (not good either). Keep looking "Growth for growth's sake is the ideology of the cancer cell" - Edward Abbey.0
-
50/50 odds - she'll say yes or no 0
-
Just stick in the offer you are happy with and stick to your guns.
I had two offers on two different houses rejected before I found someone who was serious about selling.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.6K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards