We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Is this a low offer?

2»

Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ED2 wrote: »
    London prices have already increased this year. There's been talk of London prices going down since last summer, it hasn't happened.


    Sales volumes are tanking though?
  • juniordoc
    juniordoc Posts: 366 Forumite
    Buyers I know are worried about values falling after March/triggering brexit so it could be a risky time to buy.
    I don't think an offer less than 3% off asking is a low one at all. If it's their first offer maybe you could get them to 465?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    glasgowdan wrote: »
    If you're not desperate I'd stick to 470. You've had offers, it should go.

    Ignore the dreamers who say prices are due to go down![/    QUOTE]


    Easy enough to say if you don`t need to sell, must be a worry if your budget is tight though?
  • sheff6107
    sheff6107 Posts: 451 Forumite
    Another crystal ball request. You could get 3 offers for over asking next week. You could never receive another offer
  • Harlyn22
    Harlyn22 Posts: 5 Forumite
    I would say if the buyer is in a good position then go for it. Take it from me, our buyer offered close to asking price, we were due to complete tomorrow but the buyer is pulling out. If they seem like good genuine buyers then accept and give yourself less stress!
  • PeterPanic
    PeterPanic Posts: 36 Forumite
    I have nothing to sell and had an offer of £325K accepted on a £340K property. I knew they had found a property they wanted so I said that was my final offer and an hour later it was accepted.

    If the person who offered the £460K is not in a chain then I think that is definitely worth the £15 price reduction.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    loveka wrote: »
    having made the offer early October. That was full asking price. We had also had an offer at the same time for 480k, but ( stupidly it turns out) accepted the lower offer as that one had sold her house.

    Have you chased up this old offer to see if they are still looking.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    PeterPanic wrote: »
    I have nothing to sell and had an offer of £325K accepted on a £340K property. I knew they had found a property they wanted so I said that was my final offer and an hour later it was accepted.

    If the person who offered the £460K is not in a chain then I think that is definitely worth the £15 price reduction.


    Hardly worth quibbling about £15 as Brexit approaches, surely?
  • strawberries1
    strawberries1 Posts: 877 Forumite
    Part of the Furniture 500 Posts Name Dropper
    With Brexit, European elections and Trump it's understandable why buyers are reluctant.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture