Would you be offended if someone offered under asking price?

martinsurrey

Tancred wrote: »

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

marketed for £499,950

http://www.rightmove.co.uk/property-for-sale/property-23271174.html?premiumA=true

sold for £480,000

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=23271174&sale=48304661&country=england


Marketed for £329,950

http://www.rightmove.co.uk/property-for-sale/property-34874137.html?premiumA=true

Sold for £310,000
http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=34874137&sale=48304595&country=england

marketed for £169,950

http://www.rightmove.co.uk/property-for-sale/property-35350507.html

Sold for £150,000

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=35350507&sale=48304724&country=england

All in your oh so special royal county of Berkshire!


and these took me 2 mins to find, and infact every house I could find had sold for atleast £15k less than asking price.

sensiblesaver55

Tancred think you need to do some research...

BertieUK

I think that Tancred has a slight attitude problem and this maybe coming over to the prospective buyers.

We are putting our bungalow onto the market soon so we most certainly will not be offended at someone putting in a bid below the asking price, it shows that there is interest in the property and you are only being offered what they are prepared to pay.

I would hope that the EA will gather from our circumstances that we will not be looking for our next property until this one sells so we will be holding out for a price that we feel happy with.

We intend to price the property at a sensible figure based on what prices were achieved on similar properties in our area recently.

The working relationship that you have with your EA is a valuable asset to you despite the feelings many may have of them, its a two way deal.

DRP

sensiblesaver55 wrote: »

Tancred think you need to do some research...

maybe. but none of us know the market in tancred's exact area.

I am slightly incredulous about his '3% under' target, mainly because most houses even in popular areas are priced higher than they expect to sell for - that way everyone feels happy about the deal when it eventually is agreed to sell at ~market value...

SG27

Tancred wrote: »

No, I think you have the mental issues it seems to me, if you think you can offer thousands below the asking price and expect success. Maybe up north you can get away with it, but in the cluttered south-east no chance, unless the seller is desperate to move.

I'm buying a house at the moment and we had an offer of £210k accepted on an asking price of £235k. About 10% off, £25k. The vendor wasn't desperate but did want to sell and had realistic expectations. And yes this is in the rich and cluttered south east!

moneyistooshorttomention

It is the case though that property, even within the same county, can vary so much.

In my county, there are pockets that seem to have gone down about 20% (which I dont quite understand the reasoning behind why this has happened to one or two of them - but it somehow has) and then there are places where the price has held up pretty much. So, its possible to judge by county with some counties (as everywhere in the county is faring much the same) and, in other counties it depends which bit of the county you pick. The deciding factor seems to be availability of jobs/careers and hence my surprise that one or two of the "price going down" places have had this happen to them, because they arent very far from "job situation much better" places with their rather more stable house prices.

Tancred

martinsurrey wrote: »

marketed for £499,950

http://www.rightmove.co.uk/property-for-sale/property-23271174.html?premiumA=true

sold for £480,000

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=23271174&sale=48304661&country=england


Marketed for £329,950

http://www.rightmove.co.uk/property-for-sale/property-34874137.html?premiumA=true

Sold for £310,000
http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=34874137&sale=48304595&country=england

marketed for £169,950

http://www.rightmove.co.uk/property-for-sale/property-35350507.html

Sold for £150,000

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=35350507&sale=48304724&country=england

All in your oh so special royal county of Berkshire!


and these took me 2 mins to find, and infact every house I could find had sold for atleast £15k less than asking price.

So what's your point? Generally, lower sales prices are due to the original asking price being too high. If the house is worth the money then it should sell for the money. And, as I said earlier, many people are just desperate to sell at almost any price - I'm not.

Tancred

DRP wrote: »

maybe. but none of us know the market in tancred's exact area.

I am slightly incredulous about his '3% under' target, mainly because most houses even in popular areas are priced higher than they expect to sell for - that way everyone feels happy about the deal when it eventually is agreed to sell at ~market value...

I'm not going to say the exact area to avoid people snooping, but it is an expensive area in a major town. When I was a FTB back in 2005 I only came across sellers who insisted on the full asking price - I only got £5k off the £230k price of my current house after some tough bargaining.

YoungBaker

Well lots of debate on this thread which is good and interesting - exactly why I created the thing to try and gauge how different everyones opinions are on what is a good offer and trying to get a bargain to what would offend others.

To the idiot who implied I am not ready to buy and have not researched the market well enough because of this thread - away you go and spin. I have been monitoring the market for well over a year as I have been saving my deposit and I am now more than familiar with the buying process and what is required. I put in an offer under the asking price - which apparently in Scotland isn't always the done thing - and I just created a thread to try and find out what peoples personal opinions would be if this had happened to them, so I m sorry but I fail to see how that therefore means I am not ready to buy.

Anyway, in other news the seller rejected our offer of 75k today (was offers over 77.5) and told us they are looking for 80. We have put in 78 and have told them it is our final offer, we are ftb in a good position, flexible and ready to move so if they want to lose a buyer because they wont come down 2k then they can also go spin.

sharpe106

Tancred wrote: »

I'm not going to say the exact area to avoid people snooping, but it is an expensive area in a major town. When I was a FTB back in 2005 I only came across sellers who insisted on the full asking price - I only got £5k off the £230k price of my current house after some tough bargaining.

So you have lived in the house for 7 years and still want to get 40k more than you paid for it and think that an offer of 25k more than you paid for the house is insulting.