Would you be offended if someone offered under asking price?

thequant

Tancred wrote: »

It depends. I'm selling a house for £267k and recently received an offer for £250k - I politely asked my agent to tell the viewer to get stuffed. Obviously the stamp duty threshold is a factor for properties around this price level, but to make an offer £17k below the asking price is an insult. If the viewer had made an offer for £265k I would most likely have accepted it. In my view, it's not a good idea to make offers for more than c.3% below the asking price.

It's unfortunate that we have a culture of haggling over house prices in this country. It doesn't happen to anything else other than cars perhaps - you don't haggle at the Tesco till if you feel you've spent too much, or at the filling station when you fill up the car. A price is a price - you either pay it or you don't.

wish I could thumb down a post, to expect £2k under your asking price is being optimistic at best, and to think you would "most likely accept" rather than snatch their hand off is taking the pish.

If there's one thing that is pishing me off in this market around the stamp duty level is the amount people pushing up their properties above the SD when they shouldn't be. and then offering offering me the artificial discount of reducing to the £250k level as "doing me favour"

Jack_Johnson_the_acorn

TANCRED

Where you born under a bridge :rotfl:or have you just moved there?

Tancred

greg2415 wrote: »

We had our offer accepted well below the asking price, we were told to start at 80% of the asking price. It was up for £170k and we started at £135k. They accepted £145k! It obviously depends on the seller, location, competition, all sorts! sometimes they just need to sell!

You got lucky - try that in the royal county of Berkshire! No chance, mate.

Tancred

thequant wrote: »

wish I could thumb down a post, to expect £2k under your asking price is being optimistic at best, and to think you would "most likely accept" rather than snatch their hand off is taking the pish.

If there's one thing that is pishing me off in this market around the stamp duty level is the amount people pushing up their properties above the SD when they shouldn't be. and then offering offering me the artificial discount of reducing to the £250k level as "doing me favour"

I'm not in a desperate hurry to sell. The key is the price for me, and I'll wait as long as it takes. Personally I would be wary if a seller accepted an offer well below asking price - to me it's an indication of a 'problem house'.
And since when is it the fault of sellers that the SDLT is so high? Not my problem - the government sets this, not me!!

thequant

Tancred wrote: »

It depends. If we were desperate to sell, we would probably settle, but we want a good price to trade up. Anyway, I listed the house only last Sunday and I've had six viewings booked so far - so I don't think the price is unreasonably high.

PS - I live in the rich and cluttered south-east!

I somehow how get the impression that supposing you get the price you are after, that you are the type to start making cheeky offers yourself while quoting the "current state of the market"

No doubt you are another of the house selling "Time Lords", your house is still priced in 2007 while everyone else's is 2013.

Mallotum_X

Tancred wrote: »

It depends. I'm selling a house for £267k and recently received an offer for £250k - I politely asked my agent to tell the viewer to get stuffed. Obviously the stamp duty threshold is a factor for properties around this price level, but to make an offer £17k below the asking price is an insult. If the viewer had made an offer for £265k I would most likely have accepted it. In my view, it's not a good idea to make offers for more than c.3% below the asking price.

It's unfortunate that we have a culture of haggling over house prices in this country. It doesn't happen to anything else other than cars perhaps - you don't haggle at the Tesco till if you feel you've spent too much, or at the filling station when you fill up the car. A price is a price - you either pay it or you don't.

This is a joke right, you turned down an offer of just 6%off when you are asking over 250k. I bet your agent loves you lol.

You are not selling at 267k, you are asking 267k there is a difference, how long have you been up for sale for?

Tancred

thequant wrote: »

I somehow how get the impression that supposing you get the price you are after, that you are the type to start making cheeky offers yourself while quoting the "current state of the market"

No doubt you are another of the house selling "Time Lords", your house is still priced in 2007 while everyone else's is 2013.

In 2007 my house was conservatively valued at £280k.

ukcarper

The offer should be based on what the buyer thinks the property is worth after researching the price similar proprieties have sold for not an arbitrary percent off.

jules888

Tancred wrote: »

It depends. I'm selling a house for £267k and recently received an offer for £250k - I politely asked my agent to tell the viewer to get stuffed. Obviously the stamp duty threshold is a factor for properties around this price level, but to make an offer £17k below the asking price is an insult. If the viewer had made an offer for £265k I would most likely have accepted it. In my view, it's not a good idea to make offers for more than c.3% below the asking price.

It's unfortunate that we have a culture of haggling over house prices in this country. It doesn't happen to anything else other than cars perhaps - you don't haggle at the Tesco till if you feel you've spent too much, or at the filling station when you fill up the car. A price is a price - you either pay it or you don't.

We are selling our house for £20,000 below valuation and our buyer wont have any stamp duty to pay but the house we are buying also has £20,000 knocked off it sowe are happy.Its the state of the market at the moment but our house had been for sale for months with not many viewers.

Davesnave

Tancred wrote: »

It's unfortunate that we have a culture of haggling over house prices in this country.

Why? It's not as if they are a standard item.

Your £267k house might be my £247k house, and there's no infallible way to know who's more likely to be right. I can only offer what I want to pay, bearing in mind all the other houses I know.

So, that might even be £267k, if I thought that was a good price. I paid the full asking price for the property I'm in now, because it was priced very attractively. We said to ourselves, "We won't beat this anytime soon. Let's offer the asking and get it off the market PDQ."

Turns out we were right too.