We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Insulting offer?
Dr_B.
Posts: 28 Forumite
Hey all.
Im a first time buyer, and have seen a very nice property this weekend and want to put in an offer. Its on the market for £249,950.
Its been on for at least 6 weeks since I first started looking at houses online. The EA told me that the family have found a property to move into, but dont want to put in an offer until they receive an offer on their place, so are quite desperate to sell. With me being a first time buyer and able to move asap, Im wondering how low an offer would be an insulting offer, as I dont want to annoy them so they turn me away outright. I was thinking of offering £232,500. Does that sound reasonable, or too low? Or should I try even lower as i can move straight away and they want to sell asap?
Thanks for any advice.
Im a first time buyer, and have seen a very nice property this weekend and want to put in an offer. Its on the market for £249,950.
Its been on for at least 6 weeks since I first started looking at houses online. The EA told me that the family have found a property to move into, but dont want to put in an offer until they receive an offer on their place, so are quite desperate to sell. With me being a first time buyer and able to move asap, Im wondering how low an offer would be an insulting offer, as I dont want to annoy them so they turn me away outright. I was thinking of offering £232,500. Does that sound reasonable, or too low? Or should I try even lower as i can move straight away and they want to sell asap?
Thanks for any advice.
0
Comments
-
I don't think its insulting, do some research are there any similar houses for sale on the same road check out http://www.nethouseprices.com/ for houses sold in your area. The worst that can happen is that the estate agent says its too low.0
-
A house is only worth what someone is prepared to pay for it. If nobody else has offered and they are desperate to sell then they should consider any offer. I would not consider any offer within 80% of a sensible asking price to be a bad starting point.0
-
You don't know until you ask I suppose. At least if you start low, you can 'up' your offer if it is knocked back.
We had an offer on our house yesterday, 16k below the asking price - it's only been on the market for a few days, & it was only our 2nd viewing, needless to say we declined! He was trying his luck I know, but come on !!!
I am in the future you know...
...9 hours ahead to be exact !:D0 -
I don't think an offer over 90% would or at least should be considered insulting but 2 things to remember:
1. The £250K mark is distorted because of the stamp duty threshold, ie nothing much sells above that but below £280K-ish because it becomes liable to 3% SD so they may consider their house is worth more than the asking price but it is unrealistic to market it at that.
2. No matter how desperate they are to sell they will have a figure below which they can't sell and make the move they're after - you don't know that figure but do be aware they may not be free to accept any offer just to sell.
Other than that - don't ask, don't get! So BoL with your offer.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards