Would you be offended if someone offered under asking price?

Tancred

lessonlearned wrote: »

Can't speak for the others but in my case 30 years as an EA/Developer.:rotfl::rotfl:

I am sorry but I am a "property expert".;)

However feel free to disregard any of my advice and comments.

I've dealt with hundreds of people who have your mindset. They think they know it all. Most of them come a cropper in the end.

All the advice that you have been given, not just from me, but from everyone else who has given so generously of their time and experience, points to one simple fact.

The key to successful negotiations is flexibility

Unfortunately you are too blinkered, too set in your thought processes and too inflexible to see this.

Your blindness and pig-headedness does you no credit. You have been rude to people who have tried to help you.

I for one won't be giving you any further benefit of my 30 years professional experience.

I have better things to do with my time that waste it on know it all armchair EA's who are too stupid to listen to good advice when it is given so freely and generously.

I have only been posting on the house-buying thread for a few weeks.

The rudeness and obnoxious behaviour of some people on some of the house buying threads has astonished and dismayed me.

I thought the the purpose of this site was to help people make good financial decisions and learn how to avoid pitfalls.

It would appear that there are some people who prefer to visit these threads to further their own agenda and who have an axe to grind.

Sadly all that happens is that their selfishness spoils it for the people who have questions and who are genuinely seeking guidance.

Stop lecturing me. I have already spoken to several local agents and all of them agree with my approach - what makes you so special? How many times do I have to repeat myself: I need a 'bottom line price' because of a trade up. If I could afford to sell the house for £250k it would be easy - dead easy. I know it's not easy and I will wait for the right buyer. That's it.

Now I suggest you stop forcing me to repeat myself endlessly! I have not been rude to anyone - merely clarifying my circumstances. You are the one who is pig headed - what gives you the right to lecture other people about what they should sell their assets for? Many EAs constantly force their clients to accept lower prices so that they can get their precious commission. This doesn't sit well with me, that's why I am handling my own sale.

lee111s

Offer as low as you want. I've just today had a first offer of 16k less than asking, accepted on a house priced less than 140k. Just goes to show, if you don't ask, you don't get!

Tancred

lee111s wrote: »

Offer as low as you want. I've just today had a first offer of 16k less than asking, accepted on a house priced less than 140k. Just goes to show, if you don't ask, you don't get!

Thanks for the advice. So when I sell my house and start looking I'll make a £200k offer on a £300k house. Yeah, right.

lee111s

Any time

sunshinetours

Tancred wrote: »

Thanks for the advice. So when I sell my house and start looking I'll make a £200k offer on a £300k house. Yeah, right.

I'm guessing the reply in reply to the OP thread that has been rather hijacked

DRP

Tancred wrote: »

Thanks for the advice. So when I sell my house and start looking I'll make a £200k offer on a £300k house. Yeah, right.

don't knock it.

clearly it works .. sometimes :money:

lessonlearned

My goodness Tancred you are prickly. I am not lecturing you.

As I said 30 years in the business. I did learn a little and whilst I don't profess to know the London market very well I do know selling and more importantly how to negotiate.

I note that you have called in your local EA's and are now trying to go it alone.

In my experience it usually doesn't work out too well in the end. However, I wish you well.

As I pointed out when I added the bit to my last post - this thread wasn't actually about you.

Davesnave

lessonlearned wrote: »

Just edited to add.

The original poster who began this thread asked a perfectly valid and reasonable question ie whether or not it would give offence to go in with an offer lower than the asking price. My understanding is that the original poster was from Scotland where things are done slightly differently.

Traditionally in Scotland, it was standard proceedure to ask for "offers over". I know this for a fact because I was an EA in Scotland for 5 years.

Because the property market has been depressed for some time, the Scottish system has now changed slightly to be more in line with the English way of doing things. My understanding is people are now prepared to accept offers lower than the asking price.

Obviously this will not have filtered through to everyone and they may be some Scottish Vendors who would be outraged at the very idea. This is probably why the OP was looking for advice.

I'm not getting into the other debate but thank you for that. :A

OP might have made the Scottish context clear at the outset.

lessonlearned

DRP wrote: »

to be fair to Tancred, I imagine he and his EA both know his local circumstances far better than someone with even 30 years working in the property market.

Is it that difficult to believe that in popular areas, houses will sell for very close to the asking price? I know my local area is popular and the best houses usually sell very quickly, at close to asking price and at way above 2007/8/9 prices.

ps. not aimed at you lessonlearned, but tancred is not the only one with borderline rude responses on this thread

Of course there are huge differences in the property market across the UK and London and the SE has always been a world unto itself. This is why I never comment on London prices.

My comments were about the gentle art of negotiation, especially around the stamp duty threshholds. I could have given Tancred a lot of valuable insider tips on how to circumnavigate any hurdles, but he doesn't want to know.

SAHD_Jim

Not wanting to teach granny any egg sucking, but...

A prospective buyer should offer what he/she/they deem the property is worth to them and which is within their means, bearing in mind they need to be taken seriously and that others may be interested too.

A seller should accept an offer that they are happy with, bearing in mind the current state of the market and the level of interest in the property / others in the area.

Positions can be moved until the two meet or one party walks away, or a third party makes an acceptable offer. It is called a "negotiation"

Anyone who gets "insulted" by an offer or finds someone refusing an offer as "unreasonable" needs to get out more and certainly should spend some time in the markets of Beijing (which is great fun btw).