Reasonable offer?

tortoiseshellcat

Oh and apparently there has been a higher offer but by some people that would involve a chain.

The property has almost sold twice before but both times people dropped out, for different reasons.

PierremontQuaker03

I am in a similar situation I have seen a house that was up for 230k and has since been reduced to 220k, I have virtually paid off my mortage and will rent out my house so I am involved in no chain - ...so that fact that I am not in a chain will hopefully knock a couple of k from the house - I am not sure what to offer, as I don't want to offend the person I am buying from, I think 210k will be too low so I am thinking of 212,500...maybe??

tortoiseshellcat

Pierremont when I sold my late dad's house last year it was on the market for £180 we accepted £172 no problem and we would have accepted £170 so I would suggest to you offer £210 its less than 5% less than the asking price, worth a try and you can always go up a bit if its turned down,

makeyourdaddyproud

Yes but remember your time and silence will add value to your original offer. Always remember the ea works for the vendor.

At the end of the day its all about psychology, nerve and wits. You are also privy to the fact other offers have not come to fruition on that house - yours is the only offer.

I know you dearly like the house but remember not to let your guard down, ea have extensive training in recognising keenness which you could accidentally display.

If the house is in an in-demand area, then you might have to raise your offer, but do that as a last resort.

It might be worthwhile asking why the other buyers dropped out. The reason could be a hidden dealbreaker ...

rob404uk

What were the reasons for previous fall throughs? Failure to ge a mortgage could equally mean awful survey

tortoiseshellcat

The reasons given to me were that the first buyers marriage broke down and the second buyer changed her mind and bought another property. I wonder if the second buyer felt pressurised into offering more than she wanted and that's why she went for something else but that's a wild guess.

tortoiseshellcat

makeyourdaddyproud wrote: »

Yes but remember your time and silence will add value to your original offer. Always remember the ea works for the vendor.

At the end of the day its all about psychology, nerve and wits. You are also privy to the fact other offers have not come to fruition on that house - yours is the only offer.

I know you dearly like the house but remember not to let your guard down, ea have extensive training in recognising keenness which you could accidentally display.

If the house is in an in-demand area, then you might have to raise your offer, but do that as a last resort.


It might be worthwhile asking why the other buyers dropped out. The reason could be a hidden dealbreaker ...

Thanks that's really good advice, I am trying to play it cool but on the other hand don't want to miss out!!:o