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How much (little) to offer?
The_Logans
Posts: 247 Forumite
If a house has been on at £499,900 for 4 months. A few viewings but no offers, and no viewings since Christmas I suspect it is overpriced. We like the house, but not the price! How low would you go with an offer?
The house is in fabulous condition , would need nothing done to it at all. A similar sized house within 0.5miles that needs some work has just come on the market at £412500.
PS we are chain-free buyers.
The house is in fabulous condition , would need nothing done to it at all. A similar sized house within 0.5miles that needs some work has just come on the market at £412500.
PS we are chain-free buyers.
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I'd offer ~£200k as thats probably all i would be able to get with the caveat that ive not seen the property.0
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Go in low, the worst they can do is say no.0
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The_Logans wrote: »If a house has been on at £499,900 for 4 months. A few viewings but no offers, and no viewings since Christmas I suspect it is overpriced. We like the house, but not the price! How low would you go with an offer?
The house is in fabulous condition , would need nothing done to it at all. A similar sized house within 0.5miles that needs some work has just come on the market at £412500.
PS we are chain-free buyers.
Offer 380K on the other property if it can be done up fairly cheaply. Like you say, it sounds like it's massively overpriced. They'll still be on the market this time next year unless they drastically slash their asking price by 75K, but this is just going off the info you've given.
If you do make an offer, remember that you can always go up but you can rarely go down without good reason. Your offer will set the vendor's expectations for any future offers. If you genuinely think they've massively overpriced it then offer slightly below what you think it's worth. You don't want to end up overpaying for it, just because it had a ridiculous price tag on it in the first place!0 -
How much to offer posts amuse me.
Offer what you think it is worth. If they refuse you can always up your offer..It may sometimes seem like I can't spell, I can, I just can't type0 -
MyOnlyPost wrote: »How much to offer posts amuse me.
Offer what you think it is worth. If they refuse you can always up your offer..
Glad to provide entertainment
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It doesn't really matter what you offer....its what the vendor will accept
Are you willing to start negotiations at 10% lower and risk the vendor thinking you are not a serious buyer or is it a case that actually anything you can manage to shave off the price is a bonus.
is the house actually over your budget or would you eventually go to asking price?
how much do you want that house as opposed to any other......frugal October...£41.82 of £40 food shopping spend for the 2 of us!
2017 toiletries challenge 179 out 145 in ...£18.64 spend0 -
The_Logans wrote: »Thanks for that
Theres a button you can press to save the need to spend time replying!
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It doesn't really matter what you offer....its what the vendor will accept
is the house actually over your budget or would you eventually go to asking price?
Can't stretch to the asking price. Not being greedy or tight, just realistic that most people don't advertise a property at the bare minimum they'd accept.0 -
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