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What would be an acceptable offer?

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Comments

  • Scotbot
    Scotbot Posts: 1,541 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    edited 17 August 2020 at 5:40PM
    So the seller was willing to accept a low price last time, they may well be this time . Go in at 15% under and see what they say, you can always up it.
  • That was our thinking, but we've seen so many people say they'd be so offended by a low offer that they wouldn't entertain the buyer again, that we were beginning to doubt ourselves. 
  • PointyMcguire said:
    The complication still exists, but our solicitor is confident that it's not a deal-breaker. We looked at asking price + % rise but it felt too low, albeit justifiable and we worried we might not be taken seriously. 
    I think you need to factor the complication in as it may not be a deal breaker for you now but what about when you come to sell? 
  • Scotbot
    Scotbot Posts: 1,541 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    edited 17 August 2020 at 5:52PM
    That was our thinking, but we've seen so many people say they'd be so offended by a low offer that they wouldn't entertain the buyer again, that we were beginning to doubt ourselves. 
    You are negotiating with the agent not the vendor,  the agent won't be insulted and if the vendor is motivated to sell they will entertain a higher offer!
  • PointyMcguire said:
    The complication still exists, but our solicitor is confident that it's not a deal-breaker. We looked at asking price + % rise but it felt too low, albeit justifiable and we worried we might not be taken seriously. 
    I think you need to factor the complication in as it may not be a deal breaker for you now but what about when you come to sell? 
    It's hard to explain without giving too much detail, but the complication arises from current circumstance rather than something specific to the house so would not be of impact to us if we were to sell later on down the line. 
  • eidand
    eidand Posts: 1,023 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    why din't you ask the EA why the increase in price compared to last time?
    They should be able to articulate an answer for you. People don't just go crazy like that without a good reason.
  • eidand said:
    why din't you ask the EA why the increase in price compared to last time?
    They should be able to articulate an answer for you. People don't just go crazy like that without a good reason.
    We did and were just told it had previously been grossly undervalued, which was fairly unhelpful and is ultimately subjective anyway. We've managed to get further info from the previous agent, which supports our feelings on the pricing, but obviously it'll ultimately be down to the vendor. 
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