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Accepted offer on ours, got a "firm no" on first bid we made...
Comments
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If someone offered very low, they would not get another chance, no way. It gives an idea that they can’t really afford the property or are likely to play games nearer to exchange.
In the same vein (and a more likely situation in the current market)... I wouldn't waste my time viewing or making a realistic offer on a stupidly overpriced house as it's obvious the vendors are just greedy and/or deluded, probably just kite flyers who aren't really serious about actually wanting to sell.0 -
sounds a bit daft if you ask me, cutting off your nose to spite your face. your house might be on their list as "OK if we can get it cheap" rather than the house they would break the bank for. I have bought and sold a few houses over the years admittedly as BTL or developments, but there are some that you would go to the asking price or above for and some only at a certain price.If someone offered very low, they would not get another chance, no way. It gives an idea that they can’t really afford the property or are likely to play games nearer to exchange.0 -
If I'm going in low, I'll often ask the estate agent to contact the vendors first (prior to viewing) to ask if they would entertain the offer. There's no point wasting everyone's time with a viewing if I can't afford asking price. The agents and vendors seem to like this approach - although oddly some agents still push you to view anyway.0
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We were offered, and accepted, £143k on our £149,995 asking price when we sold. We offered, and were accepted, £138k on an asking price of £145k on our purchase. Same difference.
With our Spanish house we accepted an offer WAY below the asking price because it meant a) we could sell up as opposed to it staying on the market and b) we broke even on the price after living in it for eight years.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
If someone offered very low, they would not get another chance, no way. It gives an idea that they can’t really afford the property or are likely to play games nearer to exchange.sounds a bit daft if you ask me, cutting off your nose to spite your face. your house might be on their list as "OK if we can get it cheap" rather than the house they would break the bank for. I have bought and sold a few houses over the years admittedly as BTL or developments, but there are some that you would go to the asking price or above for and some only at a certain price.
I agree with the first poster. We've recently sold our property, it was listed for 90k with the intention of selling for at least 85 (we wanted a fast sale, pretty confident we could have got the 90 if we'd hung on). First viewer we had offered a derisory 70k along with BS reasons to justify the offer and was given a straight no (viewings were handled by the EA, we weren't present), we didn't waste our time making a counter offer. The property was sold to the second viewer for 85k a few days later.0 -
...elsewhere.
Sounds like they are annoyed to getting an offer!!
17k less then "guide" - its a 4, a 5 bed same close, sold 2016 for 4k less than the offer but "firm" suggests not even close!
Do we let them sweat over the weekend? Do you "ask" the agent what there client want or is that a massive no no??
Thanks
I don't think sellers will be sweating over the weekend, you've made an offer 17k under asking and it's a definite no.
How would you have felt if the offer made on yours was that much lower?
It depends how much sellers want to sell. They may be in a rush to sell or be prepared to hold out for asking price.
Ask the agent how much sellers are looking to achieve, they may tell you or they may just say close to asking price
It will all boil down to how much you want the property and how much you're willing to pay for it. How much have other properties sold for in that area?
You say the property sold for 4K less than your offer last year but have owners done any improvements to the property in that time?Current Mortgage 01.10.17 £113,513.88
MFW Start Mortgage: £114,794.64
Current MED: 2036:eek: Target MED: 2026
Overpayment Target for remainder of 2017: £2,000
Mortgage overpayment savings: £684.80
MFW No 124 :money:0
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