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House overpriced? Making an offer fears
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I wouldn't even waste my time viewing, never mind offering, on one as overpriced as this one appears to be.
Highly likely the previous sale fell through due to a mortgage down valuation rather than the potential buyers being unable to sell their home.
Yep, run away from this one.0 -
I say go for the offer.
Sometimes, unrealistic vendors need a few low offers to make them realise that their expectations are too high. Sometimes this will cause them to drop the price (probably not to what you're hoping for!) or pull it off the market.
I can't see them dropping £40,000 from the price, but they may try to counteroffer if they know you're in a good position and they already have an interest in another property.
That said, it works both ways - are you a realistic buyer? How much closer to £340000 can you actually get?0
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