Offer: how low is too low?!

ognum

lazer wrote: »

I was once told, if you aren't embarrassed by your low offer, its not low enough.

Silly gibberish

Make an informed offer with all the information you can get.

If use your position in London in the last couple of years you would still be homeless

Indout96

ognum wrote: »

Ok now Im confused because OP says they are in Saffron Walden which is a white middle class historic commuter town about 12 miles from Cambridge, 40 minutes commute to London.

Your location says Bradford.

OP asked how we felt getting an offer at 12% under (which we sold at) I was just replying to that, if we had been in the south we would have laughed at such an offer, up here you grab it with both hands.

ognum

Indout96 wrote: »

OP asked how we felt getting an offer at 12% under (which we sold at) I was just replying to that, if we had been in the south we would have laughed at such an offer, up here you grab it with both hands.

Thanks now I understand.

dinkylink

Yeah start at 10 percent and work up from there if you have to. If it really hasn't sold in all that time I wouldn't go any higher than 5 percent off...and try to get it cheaper then that!

lazer

ognum wrote: »

Silly gibberish

Make an informed offer with all the information you can get.

If use your position in London in the last couple of years you would still be homeless

Well it worked for me - made an offer only 14% under asking price, rejected it, then made an offer of 13% under asking price which was accepted.


(finished up getting it at 18% under asking price due to issued raised during the sale)


I did of course research the market and know a fair price etc, but I do believe I got a good price - house was on the market for a few months at least, and the asking price was out of my price range, wasn't going to look at it originally, very glad I did now!


If you make an offer, and someone else offers more, 99% of the time the agent will give you a chance to up your offer, so you don't lose out by offering low

ognum

lazer wrote: »

Well it worked for me - made an offer only 14% under asking price, rejected it, then made an offer of 13% under asking price which was accepted.


(finished up getting it at 18% under asking price due to issued raised during the sale)


I did of course research the market and know a fair price etc, but I do believe I got a good price - house was on the market for a few months at least, and the asking price was out of my price range, wasn't going to look at it originally, very glad I did now!


If you make an offer, and someone else offers more, 99% of the time the agent will give you a chance to up your offer, so you don't lose out by offering low

Where is your house?

lazer

ognum wrote: »

Where is your house?

Northern Ireland

ognum

lazer wrote: »

Northern Ireland

Enough said!