Would you find this an insulting offer

jackr5

Is this the first offer you've had? If so maybe that's making it seem more insulting because there hasn't been any other interest... yet. If they are serious then maybe they will increase their offer.

As others have said, don't take it personally - it's part of the game!

Dollymix12

Mojisola wrote: »

You are engaged in a property sale - no-one is personally insulting you by putting in a low offer!

I think we will disagree with this, money is money, I need it and he wants to spend as little as possible we both had different views on what we want out of it but offering 16% less that the asking price is not just trying it on its taking the xxx

tara747

Dollymix12 wrote: »

OMG that is a cheeky offer! I feel exactly the same as this at times no just doesn't cut it :rotfl:

If it was a few months and it still want sold I would rethink but its been on the market for 3 weeks so he can try his luck else where as we wouldn't even be able to get our deposit out of that :mad:

Why so cross? Don't take it personally. As pointed out above, they have the right to offer whatever they want, you have the right to say no. It's really not a personal insult.


As for the d!cor - no doubt it's well decorated and you like it, and you think it's neutral, but it won't necessarily appeal to buyers. I've viewed houses whose owners have spent money on 'decorating to sell' and tbh, it's a waste of money if it's not my taste.


Also, 'we wouldn't even be able to get our deposit out of that' - oh dear...

Bluebirdman_of_Alcathays

If you get no higher offers it won't be insulting any more!

Mojisola

Dollymix12 wrote: »

I think we will disagree with this, money is money, I need it and he wants to spend as little as possible we both had different views on what we want out of it but offering 16% less that the asking price is not just trying it on its taking the xxx

But it's still not a personal insult - it's business!

Laugh about the offer but there's no point feeling insulted.

Dollymix12

tara747 wrote: »

Also, 'we wouldn't even be able to get our deposit out of that' - oh dear...

Why oh dear? we have savings but need a house sale to ensure we have enough, what is oh dear about it?

always_sunny

Dollymix12 wrote: »

I'm finding the 55k a little insulting as I expected a lower offer to come in at a little under 60k but this is 16% lower than the asking price

So in 3 weeks you only had 1 offer and you find it insulting?
Maybe the seller finds you having unrealistic high expectation but is genuinely interested!
If you are in a slow market (3 weeks, 1 offer) it's not really a strong seller market. If you don't like the offer you can stay put, after all the house is nice and doesn't need anything doing!

What would you do if the buyer offers you 60k though the lender values it 55k?

Dollymix12

always_sunny wrote: »

So in 3 weeks you only had 1 offer and you find it insulting?
Maybe the seller finds you having unrealistic high expectation but is genuinely interested!
If you are in a slow market (3 weeks, 1 offer) it's not really a strong seller market. If you don't like the offer you can stay put, after all the house is nice and doesn't need anything doing!

What would you do if the buyer offers you 60k though the lender values it 55k?

I would say that the house that has just been sold for 69k shouldn't have been able to get their mortgage either, I hardly think 3 weeks is slow?? I would say that its more down to the new stamp duty rules coming in as the area is more investor heavy

jackr5

Dollymix12 wrote: »

I would say that the house that has just been sold for 69k shouldn't have been able to get their mortgage either, I hardly think 3 weeks is slow??

You can never really compare sales like for like.

Also, it depends on what it's like in your area but 3 weeks can be slow. I bought not so long ago and 3 hours was considered slow...

Bluebirdman_of_Alcathays

Dollymix12 wrote: »

I would say that the house that has just been sold for 69k shouldn't have been able to get their mortgage either, I hardly think 3 weeks is slow?? I would say that its more down to the new stamp duty rules coming in as the area is more investor heavy

Well, in that case, the new SDLT rules make a house that is in an investor heavy area worth significantly less now than it was a few months ago. The more that comes out here the more I think the mystery investor is getting it right!