FTB - Making An Offer - Very Low Offer

Tassotti

Make the offer in writing.

Include the reasons why you think this is a fair price, sold price comparables, etc.

You never know until you try.

lee111s

chambta wrote: »

You should have offered less then.

Hindsight is an abolsutely wonderful thing. I was more than happy with the price I paid. The exact same layout of property to mine on the street behind sold for £129,950 4 months after I bought mine :beer:

MysteryMe

SG27 wrote: »

So what, the op would only be making one offer. It would either be accepted or they will look elsewhere.

Might be the only offer they get..

The OP might discover that was the best property they looked at.

kinger101

MysteryMe wrote: »

The OP might discover that was the best property they looked at.

.

Hardly, I'm sure the OP could find many more properties priced above what they're willing to pay.

bigchris33

Where I live, there's often a huge (15-20 percent) disparity between asking prices and the highest "sold" price on the same road. It tells me that sellers have unrealistic expectations - and that estate agents are outbidding each other to suggest they can sell for the highest price. This is resulting in price reductions after time on the market.

itGuyUK80

I am unable to post a link as my rep is not that strong on forum...

It is on rightmove with url ending "/property-for-sale/property-32106174.html"

What I have learnt from viewing properties all last week is that my personal main criteria for purchasing a property

• Ready to move (after a fresh lick of paint etc..)
• Property Functionality
• Right Location (Public Transport links & Accessibility)
• Purchase Price reflects current market prices

The last one is most important has one vendor I spoke to over the weekend that he brought the property back in the hype in 2007/08 (before the crash) and cannot afford to lose on the property. He his currently advertising the property at £140K price tag, but will not accept anything lower than £135K.. Same property types, layout etc... only sold for £108 to £112k in last 12 months..

I viewed a property yesterday that is on priced at £125K (reduced by £5k month earlier) which I do like. However going away doing some research the maximum I would offer is £108.5K (86.8%) at the moment, but still considering...

System

http://www.rightmove.co.uk/property-for-sale/property-32106174.html

At the end of the day, do you mind if your offer is rejected and then the buyer is so offended that they won't entertain a higher offer from you? If not, just go for it. What have you got to lose? (Disclaimer: I'm not a house owner!)

itGuyUK80

x-caitlin-x wrote: »

Thanks for posting the link to the property...

Update: EA has called me up to see if I want to make an offer on the property. I advised them not at the moment as I'm still reviewing my options of all the properties I have seen last week..

Bart1

Business is business, a vendor can accept or refuse any offer. Absolutely no reason to take offence

DRP

itGuyUK80 wrote: »

Thanks for posting the link to the property...

Update: EA has called me up to see if I want to make an offer on the property. I advised them not at the moment as I'm still reviewing my options of all the properties I have seen last week..

Are you genuine , or are trying to play it cool?