Do vendors expect asking price if property is new to the market?

clw1

From what you say the vendor is probably looking for a quick sale as it is empty and they are emigrating. So I would offer £8-10k less than asking price but offer to complete within 6-8 wks (assuming you can and have a mortgage sorted !).

TallingtonGirl

When I sold my flat in March, I had it up for 115k, knowing i'd accept 110K or above. First offer was for the asking price but if they'd have offered me 110K i'd still have accepted it. I think most sellers expect offers lower than the asking price.

TG

Paully232000

When we sold our house we put it on the market for 5% over what we had been told that it was worth by 3 EAs, and what we had presumed they would say it was worth.

In the end we sold for about 1% less than we put it on for within 2 weeks, but would have been happy with the amount that the EAs (and we) thought it was worth.

So to answer your question, we would, within the first few weeks, been happy to accept less than was marketed for.

paulsad

I'm putting mine up for sale in Jan for 158k and I'd accept 150. I just make it clear I'm in no rush and lower offers just won't allow us to move anyway so I'll be waiting for a buyer that really wants it.

Loopy28

Thanks for your replies.

I put an offer in this afternoon for 5k under asking price. I will let you know the outcome

Daisymoocow

Almost identical to ours.. house was up for £189,950. It had been on the market 2 days when we went to view it. Fell in love and offered £180k the same day, no reason other than we wanted it for the best price ( we were prepared to pay the asking price, but if we could get it a little cheaper, why not?). They declined the offer due to it being on the market just 2 days. However, that afternoon, we went back with an offer of £185k. We explained we had a solid buyer for our house, finance was in place, solicitor in place etc and we were ready to go. They accepted the £185k.

I dont think its all down to the price. Sellers want to know the buyers are good for their money, and that they are motivated to get the ball rolling. It also depends how quickly they want to sell, and if there is anything outstanding that means they must get a certain price for the property.
Hope it all goes well and you get the news you want x

Loopy28

Hello, update for you. We did a deal, didn't manage to get 5k off but did secure it for 3k under asking price.

We didn't want to lose it for the sake of 2k and £10 extra a month in mortgage payments.

It was nice for once to deal with an EA who wanted to get a deal done. The last two were a nightmare when we tried to offer on a house!