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  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Tiners wrote: »
    I'd definitely go in at £300k... just think of the prestige you could bestow upon yourselves by setting a new price ceiling for the street.


    Bingo...:money: :rotfl:
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    GingerFurball wrote: »
    Have you tried asking the seller what they want?

    If it's been on the market for 7 weeks then it's unlikely to get into a bidding war. Why is the seller looking to sell, can they afford to have it on the market for much longer,is there a pressing deadline they need to meet?

    Once you've got all that answered, you know where you stand. From there, can you negotiate the seller downwards?


    7 weeks is nothing, there will be people out there with property "on the market" for years, that is the beauty of historically low interest rates, nothing finds it`s clearing price. However the political consequences of this are beginning to show so don`t be surprised if the PTB deliberately crash the market now.
  • Firsttimehousebuyer
    Firsttimehousebuyer Posts: 3 Newbie
    How many counter-offers is the norm? If I offered £270k and they said no, then I offered £275k? Or would you go straight to £280? At what point does it just become annoying?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Firsttimehousebuyer wrote: »
    How many counter-offers is the norm? If I offered £270k and they said no, then I offered £275k? Or would you go straight to £280? At what point does it just become annoying?




    Sellers squabbling over 5k is annoying IMO.
  • mysterymurdoch
    mysterymurdoch Posts: 139 Forumite
    Saying 'no' isn't squabbling. It's telling a buyer that you won't accept that amount. How much experience do you have of making offers on properties? Any at all? Best not offer advice if you know nothing.

    OP, 275 on a 290k property is in the realms of reasonable. How keen/desperate are you to buy soon?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    mysterymurdoch wrote: »
    Saying 'no' isn't squabbling. It's telling a buyer that you won't accept that amount. How much experience do you have of making offers on properties? Any at all? Best not offer advice if you know nothing.

    OP, 275 on a 290k property is in the realms of reasonable. How keen/desperate are you to buy soon?


    It`s just greed, hoping that a better offer will come along of a few grand more because people are brainwashed into thinking property should guarantee a fat profit, but as the US seem hell bent on getting some rate rises in how many sellers will want to squabble over 5k in future?
  • mysterymurdoch
    mysterymurdoch Posts: 139 Forumite
    You didn't answer my question
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    I`m not keen/desperate to buy soon, thanks.
  • mysterymurdoch
    mysterymurdoch Posts: 139 Forumite
    My questions to you were "How much experience do you have of making offers on properties? Any at all? ". You must have a lot of experience judging by how much time you spend giving advice on the House Buying forum.
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