How much would you offer?

BikingBud

Scotbot said:

Preshusdynamite89 said:

moneysavinghero said:

Houses are flying off the shelves in Oadby because of the outstanding school

What makes you think 10% or even 5% less than asking is going to get you the property?

You need to be thinking more towards 5% or 10% over asking than under if you really want the house.

Hi I am aware that if I really wanted the house it would make sense to offer more but my question was simply asking advice as to what would be reasonable to offer. I never said I was in love with the property and that I really wanted it

As it has only just been listed and properties are 'flying off the shelf ' then asking price is the reasonable offer. No vendor is going to take less in this market

On the flip side seeing what the house next door sold for nobody is going to pay the £40K premium for the kitchen that somebody else liked rather than having the freedom and cash headroom to put your own stamp on it.

BikingBud

tink_1983 said:

I'd not over think if houses selling quick and you want it. 
We offered 2% under due to works needed, which was 8k reduction.

what's sold nearby and for how much, use that as a guide maybe.?

What like the one next door with a garage?

Crashy_Time

https://www.rightmove.co.uk/properties/95288408#/

Townhouse? Ex council house more like, but another 50k off could bring it nearer to some kind of value?

Irishpearce26

davilown said:

Thrugelmir said:

Starting at £30k+ under asking price is suggesting that you aren't a serious buyer. 

Why? Just because you offer low, doesn’t mean you’re not serious. You don’t know what position the seller is in and how quickly they want to move.

I’d quite happily, and have done, offer 10% below asking just to have a possibility of getting a good price for a new place.

We bought out last house for 17% under asking price 3 years ago - we got it as we were able to exchange within a month.

We’ve just sold ours for 5% under and have an offer at 6% under accepted.

Buyers like this will offer 10% lower then quibble another 5-10% after the survey. That's why people don't take this approach seriously, I've heard stories of people getting an offer of 15% below asking (and valuation) then being difficult when it comes to the survey even though they are paying less than the valuation. Its all about give an take, usually if someone accepts an offer below asking it means they appreciate the house needs a bit of work and that's it or they have massive equity and want a quick sale.

Beartricks

Irishpearce26 said:

davilown said:

Thrugelmir said:

Starting at £30k+ under asking price is suggesting that you aren't a serious buyer. 

Why? Just because you offer low, doesn’t mean you’re not serious. You don’t know what position the seller is in and how quickly they want to move.

I’d quite happily, and have done, offer 10% below asking just to have a possibility of getting a good price for a new place.

We bought out last house for 17% under asking price 3 years ago - we got it as we were able to exchange within a month.

We’ve just sold ours for 5% under and have an offer at 6% under accepted.

Buyers like this will offer 10% lower then quibble another 5-10% after the survey. That's why people don't take this approach seriously, I've heard stories of people getting an offer of 15% below asking (and valuation) then being difficult when it comes to the survey even though they are paying less than the valuation. Its all about give an take, usually if someone accepts an offer below asking it means they appreciate the house needs a bit of work and that's it or they have massive equity and want a quick sale.

We've offered under asking recently as we thought that's what the house was worth based on research.

Unfortunately the estate agents didn't react like the market was over-inflated and we were being realistic, they acted like we were taking the !!!!!! by trying to undercut prices that they themselves have priced above what they know the houses are worth.

A month or two ago I could understand the nicer houses going for over asking but now they just seem to be throwing any old rubbish on RM with unrealistic prices. Surely it will hit their bottom line when the market reacts down the road.

Crashy_Time

Beartricks said:

Irishpearce26 said:

davilown said:

Thrugelmir said:

Starting at £30k+ under asking price is suggesting that you aren't a serious buyer. 

Why? Just because you offer low, doesn’t mean you’re not serious. You don’t know what position the seller is in and how quickly they want to move.

I’d quite happily, and have done, offer 10% below asking just to have a possibility of getting a good price for a new place.

We bought out last house for 17% under asking price 3 years ago - we got it as we were able to exchange within a month.

We’ve just sold ours for 5% under and have an offer at 6% under accepted.

Buyers like this will offer 10% lower then quibble another 5-10% after the survey. That's why people don't take this approach seriously, I've heard stories of people getting an offer of 15% below asking (and valuation) then being difficult when it comes to the survey even though they are paying less than the valuation. Its all about give an take, usually if someone accepts an offer below asking it means they appreciate the house needs a bit of work and that's it or they have massive equity and want a quick sale.

We've offered under asking recently as we thought that's what the house was worth based on research.

Unfortunately the estate agents didn't react like the market was over-inflated and we were being realistic, they acted like we were taking the !!!!!! by trying to undercut prices that they themselves have priced above what they know the houses are worth.

A month or two ago I could understand the nicer houses going for over asking but now they just seem to be throwing any old rubbish on RM with unrealistic prices. Surely it will hit their bottom line when the market reacts down the road.

You would think so, then they will have to act even more offended......