Offers over?

inkie

We are buying a second property for family to live in.
Just starting to identify suitable properties for viewing etc.
When something says offers over £50000 how cheeky is it to offer below or if offering over how much would be right to offer over (as in theory you could offer 50005).
Any thoughts?

CLAPTON

inkie wrote: »

We are buying a second property for family to live in.
Just starting to identify suitable properties for viewing etc.
When something says offers over £50000 how cheeky is it to offer below or if offering over how much would be right to offer over (as in theory you could offer 50005).
Any thoughts?

not cheeky at all; depends upon the going rate where you are

ThemeOne

I think putting the price like that is just a marketing ploy really - I would make your offer just the same as usual, doesn't matter if it's cheeky or not, it'll either be accepted or rejected.

chucknorris

ThemeOne wrote: »

I think putting the price like that is just a marketing ploy really - I would make your offer just the same as usual, doesn't matter if it's cheeky or not, it'll either be accepted or rejected.

Don't worry about being too cheeky, my current home had an asking price of £375k (back in 2004), I put an offer in of £360k, which I thought had no chance of being accepted (as the £375k looked a like a bargain). But they accepted it, of course I proceeded and bought, but I did wonder if I had started at £350k if I might have got it for less. But I obviously I was happy to get it for £360k.

vivatifosi

When we bought our house, the ad said offers over. We offered £2k under and still got it. It all depends on supply and demand, as the others have said. Good luck.

MacMickster

If the agent advertises everything on their books as "offers over" then just treat it as a normal asking price and offer whatever you want.

If, however, this is the only property on the agent's books advertised like this then it is probably down to a difficult client. You can offer whatever you want but the agent may have instructions not to bother the client with offers below the stated price.

zagubov

Assuming you're in England or Wales, feel free to put in a lower offer. We did for our current house, which may well turn out to be our forever home.

Had a few tense moments when they hummed and hahed but got it in the end for the lower price.

If they'd put their foot down we might have eaten humble pie and upped the offer.