What to Offer but Not Cause Offence?

anotheruser

What price do you expect to sell your house at these days?
Do you get offended if someone offers £10,000 less than your asking price?

Person_one

Depends on the asking price!

If its £900,000, 10K isn't a lot to knock off.
If its £90,000 then its over 10%.

Derboy

Why does anyone get offended over an offer? The house is only worth what someone's willing to pay. Make your offer and don't concern yourself about upsetting the seller. Doubt they'll get so upset that they'd reject a higher offer from you later.

HappyMJ

anotheruser wrote: »

What price do you expect to sell your house at these days?
Do you get offended if someone offers £10,000 less than your asking price?

I am offended by your offer. Do you really care? Offer what you think the property is worth if the vendor has unrealistic expectations they may get offended by your offer or they may think about your offer. It doesn't really matter. I would offer 75% of the asking price if I thought the property was very much overpriced. The offer can only be refused. I'll move on and find something else.

alchemist.1

I won't be offended if you offer 10k above my asking price.

Offer what you think it's worth.
No doubt the estate agent will tell you to get lost if it's a ridiculous offer

brodawel

I read somewhere that if your first offer doesn't offend then you've offered too much. However in reality I find it uncomfortable going in too low so I tend to walk away if my offer would be more than 12% less. I think overpriced properties end up worse off in the end because they sit on the market too long, become stale, and it backfires on them.

brodawel

And another thing I just thought of. You could also argue that it's offensive that the seller expects someone to pay way over the odds, that's a bit insulting too but good luck to them, it won't be my money however.

ellie27

We offered £10k less but that was on a £300k asking price.

The house we were selling for £160k, if we had been offered £150k I certainly would not have been offended but at the time I would not have accepted it.

An offer is an offer, as long as its a serious offer.

Your first offer should be a bit of a chance anyway!

getmore4less

Tell the EA to come back to you when the vendor has more realistic expectations if you think you are going to far under asking.

Gives the EA a bit of negotiation options if they too think the vendor is optimistic.

mimi1234

Can I leap in on this thread? Sorry OP.

It's a private sale, so no EA involved.

He wants £110K but wants to leave all the furniture too. I have no need for the furniture though, so would an offer of £95K and he takes all the furniture really rude or is that a starting point?

Thanks guys.

kinger101

mimi1234 wrote: »

Can I leap in on this thread? Sorry OP.

It's a private sale, so no EA involved.

He wants £110K but wants to leave all the furniture too. I have no need for the furniture though, so would an offer of £95K and he takes all the furniture really rude or is that a starting point?

Thanks guys.

Who knows. But if they want to leave the furniture, I wouldn't be surprised if they reneged on any agreement to remove it. Be aware of that if you need to move in on the day it completes.