How to phase ‘we want money knocked off’ email

Unicorn_cottage

@abanksee "How? Because you have a different opinion? 
The other day somebody was telling people to bid over asking straight away on a property that had just been reduced. Why? So I just said that wasnt very good advice. On a money saving website, it was terrible advice. I'm sure you would agree?"

The irony! You didn't like my opinion and are still so sore you are still going on about it!

vitaweat

I'm with several other posters: keep it simple.

Dear xxxx,

Please let your client know that we are no longer in a position to offer £y for No1 Acacia Avenue due to a change in circumstances.  We would like to submit a revised offer of £z instead.

Please let us know by close of business on dd/mm/yy if this is acceptable to your client.

Love and kisses

vitaweat
xxxx

[Deleted User]

abanksee said:

Comms69 said:

abanksee said:

ACG said:

Personally, I would hold fire if I were you. 
If you tried to renegotiate with me, I would bang it back on the market. There is no indication houses prices have dropped and reducing your offer based on someones projection is crazy. If you read that house prices were going up by the same amount over the same period would you offer more or be annoyed if the vendor increased the price? 

IF house prices drop, then yes I would say crack on with your reduction email but I can only speak for us and we have already submitted around 70% of what we did last May and we still have 2 weeks to go. The demand is still there. 

Clutched many straws there?

No idea what your posts mean, but it's borderline spamming. 

How? Because you have a different opinion? 

The other day somebody was telling people to bid over asking straight away on a property that had just been reduced. Why? So I just said that wasnt very good advice. On a money saving website, it was terrible advice. I'm sure you would agree?

I just post about on the threads that interest me.

I would say offering a 7% reduction might be poor advice in some transactions because it would be too little a reduction and too much of a reduction in others. You are not the custodian of  quality money saving advice, with your out of context anecdotes. Making a reduced offer is a high risk strategy, however justified you or I feel it might be, and fees paid to date could be dead money. That is not money saving. I am reminded of when I challenged another poster a few days ago who was suggesting 20% reduced offers. You sided with him. You don't care about other peoples transactions. Lastly, I would like nothing more than a fall in house prices, as I am buying.

blue_max_3

Nobody asks for advise to offer more, so this is the hottest topic these days. That suggests there is downward pressure on prices. It just needs a national newspaper to headline prices dropping to complete the circle.
You just have to read that this is being called the 'recession to end all recessions' to know it's going to be tough.

abanksee

brett19852010 said:

abanksee said:

Comms69 said:

abanksee said:

ACG said:

Personally, I would hold fire if I were you. 
If you tried to renegotiate with me, I would bang it back on the market. There is no indication houses prices have dropped and reducing your offer based on someones projection is crazy. If you read that house prices were going up by the same amount over the same period would you offer more or be annoyed if the vendor increased the price? 

IF house prices drop, then yes I would say crack on with your reduction email but I can only speak for us and we have already submitted around 70% of what we did last May and we still have 2 weeks to go. The demand is still there. 

Clutched many straws there?

No idea what your posts mean, but it's borderline spamming. 

How? Because you have a different opinion? 

The other day somebody was telling people to bid over asking straight away on a property that had just been reduced. Why? So I just said that wasnt very good advice. On a money saving website, it was terrible advice. I'm sure you would agree?

I just post about on the threads that interest me.

I would say offering a 7% reduction might be poor advice in some transactions because it would be too little a reduction and too much of a reduction in others. You are not the custodian of  quality money saving advice, with your out of context anecdotes. Making a reduced offer is a high risk strategy, however justified you or I feel it might be, and fees paid to date could be dead money. That is not money saving. I am reminded of when I challenged another poster a few days ago who was suggesting 20% reduced offers. You sided with him. You don't care about other peoples transactions. Lastly, I would like nothing more than a fall in house prices, as I am buying.

Wouldnt have agreed on 20% as it is a fantasy figure. I havent said offered 7% either, I just said that's what my friend got. I simply said dont just go in st asking because others tell you to. It's an uncertain time, people on here disagree for saying bid what you feel the house is worth to you. You cant win.

abanksee

Unicorn_cottage said:

@abanksee "How? Because you have a different opinion? 
The other day somebody was telling people to bid over asking straight away on a property that had just been reduced. Why? So I just said that wasnt very good advice. On a money saving website, it was terrible advice. I'm sure you would agree?"

The irony! You didn't like my opinion and are still so sore you are still going on about it!

Not sore at all, just thought telling a poster to offer more than asking on a price recently reduced is up there for bad advice.

penners324

Be prepared to be rejected and to find the property of Rightmove again 5 minutes later.

ACG

abanksee said:

ACG said:

Personally, I would hold fire if I were you. 
If you tried to renegotiate with me, I would bang it back on the market. There is no indication houses prices have dropped and reducing your offer based on someones projection is crazy. If you read that house prices were going up by the same amount over the same period would you offer more or be annoyed if the vendor increased the price? 

IF house prices drop, then yes I would say crack on with your reduction email but I can only speak for us and we have already submitted around 70% of what we did last May and we still have 2 weeks to go. The demand is still there. 

Clutched many straws there?

Not at all. I think my post is unbiased. It makes no odds to me what happens to house prices - 10% off the house price will not affect my income, it will make about 3-4% difference in our turnover, but that is nothing more than a fluctuation that I can easily live with. 

As it happens we have a physical valuation come back on a purchase this afternoon - bang on the money. 

Unicorn_cottage

@abanksee "Not sore at all, just thought telling a poster to offer more than asking on a price recently reduced is up there for bad advice."
I don't think you even read what I said. The property was on the market for £150k. The OP had offered £140k. I said to offer more than £140k (especially as the OP was SO keen) in order to get to the actual viewing. It was possible that the property could of been taken off the market if someone offered more before the OP even got to view. SIMPLES.

graphs

eidand said:

You're welcome to submit a revised offer, it's a free market after all and you haven't exchanged yet. The seller may agree or meet you somewhere in the middle, or can refuse outright and put the house back on the market.
You can gauge a response based on the market in the area you're in. Did they have other offers before etc? 
If you don't ask you won't get, but it doesn't mean you will get it, either.

Thanks for saying precisely nothing at all. 🙄