Would you be offended if someone offered under asking price?

Tancred

SG27 wrote: »

I think by the responses from tancred he is probably just winding everyone up!

Trust me, it's the other way round.

BertieUK

Tancred wrote: »

There is obviously a lot of 'mick taking' on these forums . Fair enough folks, take as much mick as you like.

I'm relaxed because I could possibly rent it out or just sit and wait until elusive offer comes. The house isn't for sale because of probate, divorce or a job move 100 miles away. We can sit tight and wait.
If I sold it for £250k I would then be have to make silly offers on the £300-310k properties we after, and frankly, I have not got the time for such tomfoolery, particularly as you need to move quickly once you exchange contracts. I don't want to have to sell and then rent for 6 months - not part of my game plan.

We are putting our house on the property market within the next couple of weeks and then the fun will start.

We have a realistic price in our minds so we will see what the EA values it at, looking in his window the prices look higher than what we have worked out using the various means at our disposal.

We will definately not sell under a figure that we would be happy with so we are like you prepared to stay put. The reason that we are moving is now there are two less people living here and the dwelling is too big for the two of us, plus the fact that I am on a pension and the outgoings are a little more than what is coming in.

We will certainly not be losing any sleep during this exercise of getting offended at some of the silly offers that will be made.

Good luck.

JethroUK

al_1232 wrote: »

Would you be offended if someone offered under asking price?

Would they be offended if I told them to shove-it?

Nope - We would get along just fine


If they called up and offered me £5 I wouldn't be too bothered - If they came round, and took up my whole afternoon, and then offered me £5 I would be annoyed

this includes a lot of people that can't actually afford the asking price - just living the utopian dream at the expense of winding up a lot of sellers who are otherwise stressed already

You dont go to Tesco and start bartering down the price of a can of beans because you know they wont - and any seller that is prepared to 'barter' should expect the worse, cuz they will get it

The answer is very simple - Buyers (of anything from houses to baked beans) should not be looking at things (incl wasting sellers time) if they cant afford the asking price

A buyer may well look at a house/car/bucket of sludge and discover (for whatever reason) that it's not worth the asking price - in which case perfectly reasonable to ask for a discount on those grounds - but they should NEVER enter into negotiations if they cannot afford the ticket price in the first place

Quite frankly, any buyer that wastes sellers time looking around a house they know full well they cannot afford is a selfish pig, and I hope their car breaks down 362178936718362178321 miles from home on their way back

cooltt

I would be furious! How dare they! I'd go around and smash their windows!😃

myhouse_2

JethroUK wrote: »

Would they be offended if I told them to shove-it?

Nope - We would get along just fine


If they called up and offered me £5 I wouldn't be too bothered - If they came round, and took up my whole afternoon, and then offered me £5 I would be annoyed

this includes a lot of people that can't actually afford the asking price - just living the utopian dream at the expense of winding up a lot of sellers who are otherwise stressed already

You dont go to Tesco and start bartering down the price of a can of beans because you know they wont - and any seller that is prepared to 'barter' should expect the worse, cuz they will get it

The answer is very simple - Buyers (of anything from houses to baked beans) should not be looking at things (incl wasting sellers time) if they cant afford the asking price

A buyer may well look at a house/car/bucket of sludge and discover (for whatever reason) that it's not worth the asking price - in which case perfectly reasonable to ask for a discount on those grounds - but they should NEVER enter into negotiations if they cannot afford the ticket price in the first place

Quite frankly, any buyer that wastes sellers time looking around a house they know full well they cannot afford is a selfish pig, and I hope their car breaks down 362178936718362178321 miles from home on their way back

Easily the most absurd post I've read on this forum in a long time. Asking price is no more than that. Just a ball-park figure to start negotiations from.
I certainly hope when you buy a house you put a bit more thought into it than you would if you were buying a tin of beans from Tesco.

cgk1

JethroUK wrote: »

Would they be offended if I told them to shove-it?

Nope - We would get along just fine


If they called up and offered me £5 I wouldn't be too bothered - If they came round, and took up my whole afternoon, and then offered me £5 I would be annoyed

this includes a lot of people that can't actually afford the asking price - just living the utopian dream at the expense of winding up a lot of sellers who are otherwise stressed already

You dont go to Tesco and start bartering down the price of a can of beans because you know they wont - and any seller that is prepared to 'barter' should expect the worse, cuz they will get it

The answer is very simple - Buyers (of anything from houses to baked beans) should not be looking at things (incl wasting sellers time) if they cant afford the asking price

A buyer may well look at a house/car/bucket of sludge and discover (for whatever reason) that it's not worth the asking price - in which case perfectly reasonable to ask for a discount on those grounds - but they should NEVER enter into negotiations if they cannot afford the ticket price in the first place

Quite frankly, any buyer that wastes sellers time looking around a house they know full well they cannot afford is a selfish pig, and I hope their car breaks down 362178936718362178321 miles from home on their way back

I can afford the asking price of the houses I look at, I just don't want to pay it - that's the whole point of a negotiation - your job as seller is to get as much as possible, my job as buyer is to convince you to take as little as possible.

JethroUK

cgk1 wrote: »

I can afford the asking price of the houses I look at, I just don't want to pay it .

EXACTLY!!

You therefore start your negotiating with enough money in your pocket to fulfill the basic contract of offer and acceptance (not just time wasting)

Nobody 'wants' to pay full price and will look for any excuse not to pay it - and i would do the same

but I would never look at a house priced at 200K with only £100K in my pocket - thats absurd

JethroUK

myhouse wrote: »

...Asking price is no more than that. Just a ball-park figure to start negotiations from....

Well take your lousy £100K and waste as much time as you like with seller asking £200K for their property and I hope they understand your ridiculous and selfish philosophy

moneyistooshorttomention

At a guess Jethro has just broken some sort of record for "silliest offer ever" just received.

Sympathies Jethro, but if the offer has been that "silly", then just laugh at the level of delusion just shown if you can.

Admits I'd get annoyed if time had been spent/house tidied-up for a viewing only to find that the viewer was a "silly offerer" and couldnt possibly afford my house.

But then it must be somewhere between annoying and upsetting to have any timewaster in (not just those who can't afford the place - but I fully expect to have at least one or two people in who could see quite clearly from the house description that the house won't do for them for some reason or another if they'd only read it carefully enough, but they've come for a look regardless).

myhouse_2

I was probably considered a time-waster when I first offered. As it happened though, it was the vendors who were time-wasting - after a year and a half on the market, my offer was the only one they got and they finally accepted it. Better to put in low offers than no offers.