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Would you find this an insulting offer

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Comments

  • Hoploz
    Hoploz Posts: 3,888 Forumite
    Dollymix12 wrote: »
    The house has just been decorated, fresh plaster walls new carpet and painted magnolia through out there really is nothing that needs doing apart from maybe paining a different colour. I wouldn't take it personally if it was decorated to my taste but it has all been done to make it as blank canvas as possible so that anyone moving in could put there stamp on it without having to spend much!

    He's an investor trying to get the best price possible and if that's what he wants there is one up for sale a few doors down for 59k, it needs work doing to it but I assume that this may be more in his price range, why waste my time with an offer that you know straight away is going to be rejected for being ridiculous?

    Perhaps he did offer on that one and it was rejected haha!
  • Dollymix12
    Dollymix12 Posts: 221 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    Hoploz wrote: »
    Perhaps he did offer on that one and it was rejected haha!

    Haha maybe, it would be a more realistic offer to the condition of that one though.

    Think I just got my hopes up about the one we have seen so he annoyed me even more because the thought of an offer let me dream! lol :D
  • Remember that people also make offers on properties they can't really afford, and therefore feel there is no harm in trying to get it for the price they CAN afford. I don't really see that there is any need to be insulted, just reject it if you don't want it. I would be wary about people who make 'cheeky' offers and gradually improve it until you accept as they may then be looking for reasons later on to reduce the agreed price...
  • If you were looking for a quick sale and wanted to sell at a lower price then it would be a win win situation.
    They are testing the waters if they are serious they will come back with another offer. Otherwise stick to what price you want for it, and see how it goes.
  • Dollymix12
    Dollymix12 Posts: 221 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    Remember that people also make offers on properties they can't really afford, and therefore feel there is no harm in trying to get it for the price they CAN afford. I don't really see that there is any need to be insulted, just reject it if you don't want it. I would be wary about people who make 'cheeky' offers and gradually improve it until you accept as they may then be looking for reasons later on to reduce the agreed price...

    Yeah this worries me too, he's a cash buyer and my EA has already had a meeting to confirm he has the funds
  • haf1
    haf1 Posts: 87 Forumite
    Eighth Anniversary
    He's an investor trying to get the best price possible

    And there is your explanation.

    Again, don't take it personally, he is simply trying to see what he can get away with - as an investment. House buying is a business deal for him, no emotions involved. He may come back with a higher offer, or hopefully someone else will offer a more reasonable price. Your house has not been on the market that long, all fingers crossed!
  • People get so personal when it comes to buying and selling. It's just someone who's making a punt of an offer. They probably are expecting you to go halfway, and they've still saved some money.

    Just say no, and that you're not taking offers under £65k

    Your EA will be just trying to sell, because the commission difference between selling at £55k or £65k will be negligible.
  • Dollymix12
    Dollymix12 Posts: 221 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    People get so personal when it comes to buying and selling. It's just someone who's making a punt of an offer. They probably are expecting you to go halfway, and they've still saved some money.

    Just say no, and that you're not taking offers under £65k

    Your EA will be just trying to sell, because the commission difference between selling at £55k or £65k will be negligible.

    My EA didn't even try to get me to accept the offer, the first words out of her was the offer is too low so I know its a no but we have to let you know about all offers. There is no difference for them as the fee is set
  • Mojisola
    Mojisola Posts: 35,571 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Dollymix12 wrote: »
    I'm finding the 55k a little insulting

    You are engaged in a property sale - no-one is personally insulting you by putting in a low offer!
  • Mojisola wrote: »
    You are engaged in a property sale - no-one is personally insulting you by putting in a low offer!
    And ultimately, a house is only worth whatever people are willing to pay for it.
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