Offer of 92k on a 115k house?

FoggyBrain_2

Hi. You say the house nearby sold for £149k ? Was that the asking price, or do you know the ACTUAL price paid ? From experience here asking prices are being dropped by 10 - 20% on sale. I understand that in some area this differential is even greater ( with only London coming out unscathed).

Anyway --- do an honest comparison between your house and the one that sold to see if you can tell why they went for that one over yours. Is your agent working hard enough ? I am afraid a savvy buyer will see the price drops over the time the house has been on the market and come up with a "desperation offer" well below value.

KateLiana27

If you've had two viewings after a year, I'd be inclined to accept.

That said, first I would counter offer and see if you can bring it up a bit. Most people don't expect their first offer to be accepted, regardless of what he has said to the EA (that's standard bargaining speak). However, I wouldn't reject the offer outright because there's no guarantee he will come back with a higher offer. And outright rejections can be off-putting for sensitive souls, whereas a counter offer presented in a friendly way ("We'd love for you to have it but we just can't go quite that low, is there any way we can meet in the middle at 102K if we throw in the kitchen appliances?") shouldn't hurt.