Offer on a house etiquette

AnotherJoe

I would wait a while.  When the EA calls you tell them you were thinking of 325 as your max but you realise  that might seem rude so want to see what happens as you don't want to offend the sellers.  

Irishpearce26

Terrace said:

Irishpearce26 said:

What are the things that you feel need to be rectified?

Two bedrooms upstairs have had radiators removed. As apparently owners use open fire in the lounge and these two bedrooms are warm from it anyway.  I would not use open fire anyway. Hate the smell of it...

Squeaky floor in one are in the dinning room.
Bathroom floor is not tiled it has got cover looking like fake tiles. Almost caught me


I probably sound picky
But I am buying house not a dress.





 

Fair enough but £5K! 
Radiators in one room should cost about £200-£500 and as for the squeaky floorboards that's general maintenance of buying a house. You cant really ask for a reduction because you don't like the look of flooring.
Make an offer based on how much you want the house and how much you can afford.

Terrace

Irishpearce26 said:

Terrace said:

Irishpearce26 said:

What are the things that you feel need to be rectified?

Two bedrooms upstairs have had radiators removed. As apparently owners use open fire in the lounge and these two bedrooms are warm from it anyway.  I would not use open fire anyway. Hate the smell of it...

Squeaky floor in one are in the dinning room.
Bathroom floor is not tiled it has got cover looking like fake tiles. Almost caught me


I probably sound picky
But I am buying house not a dress.





 

Fair enough but £5K! 
Radiators in one room should cost about £200-£500 and as for the squeaky floorboards that's general maintenance of buying a house. You cant really ask for a reduction because you don't like the look of flooring.
Make an offer based on how much you want the house and how much you can afford.

Thank you.
There aren’t even pipes in one of the bedrooms. So it would be a bit more than just a radiator. But this is not a point.

i am just calculating how much it would cost me to make it look like I want it to look. 

I am not asking to reduce the price. If the house would be on the market for offers over 350k I would not be asking this question.

I am genuinely asking  does marketing the house with guide price means that price is negotiable.

That is all. 

JS21

Offer what you think its worth. Worst case they say no and you decide to either increase or walk away. You can leave your offer on the table if you wish to and you may get lucky and they come back to you later if they can't sell. We're buying a house for £25k less than advertised and asked for and we viewed and offered within a couple of days of it going online

Gavin83

The price is always negotiable, regardless of how the listing is worded.

Whether or not they’ll take the offer is another discussion entirely. I agree with the others. Unless it’s seriously overpriced or there’s something fairly major wrong with it I’d expect it to go for over asking price in the current climate. I think the vendor would be insane to accept your offer after such a short space of time and I expect the EA would advise the same. However if you don’t want to spend more and you’re happy to let the house go then you’ve really nothing to lose by presenting your offer. 

Terrace

sst1234 said:

In this market, it’s almost impossible that any vendor would even consider your low offer so soon after listing your property. Unless it’s a very niche house in a not very desirable location, they may reduce the price later. Without knowing anything about the house, all anyone can say based on your low offer is that you won’t be taken seriously. Perhaps if you share a link?

 It is a bit of niche house. 

Area I am buying is very interesting. I am looking to buy in a very small area, and within 1-2min walk from one street to another prices for very similar Edwardian terraces exactly same square footage range anywhere from 200 to 400k.
I have been keeping an eye on this area for about 9month. 
Very similar house just been sold 3 weeks ago for 320k but it was with garage and bigger garden. 

Very similar house again is on the market for 370k for 7month already and not selling. 
One came on the market day before yesterday for 240k it is very bizarre area to be honest. 

I have this nagging feeling that seller trying their luck
  

Terrace

Gavin83 said:

The price is always negotiable, regardless of how the listing is worded.

Whether or not they’ll take the offer is another discussion entirely. I agree with the others. Unless it’s seriously overpriced or there’s something fairly major wrong with it I’d expect it to go for over asking price in the current climate. I think the vendor would be insane to accept your offer after such a short space of time and I expect the EA would advise the same. However if you don’t want to spend more and you’re happy to let the house go then you’ve really nothing to lose by presenting your offer. 

 Thank you.
This is exactly what I am going to do on Tuesday. 

I have made my mind on how much I am willing to pay for it and will not offer more. 

I will be happy for vendors to sell it to someone else willing to pay more. 

I have not got anything to loose. 

firsttimesellerldn

You can offer whatever you want for a house, and whether an offer is accepted will depends on loads of factors - some of which are obvious but others will depend on that particular owner, their situation etc. We offered well under asking for property with an ‘offers over’ price fairly recently and when making it we explained why we were offering less than asking but tried to make clear it was being made in good faith. Never does any harm to say something nice about the house too. We wanted to be seen as serious buyers rather than just being cheeky. It didn’t get accepted on that occasion but there you go - it was in a high demand area so was always a bit of a punt. 

I’ve always followed up verbal offers immediately in writing with details of how we’ll fund the purchase, and contact details for our broker and solicitor to show we are organised and can get things underway straight away. 

AnotherJoe

Terrace said:

Irishpearce26 said:

Terrace said:

Irishpearce26 said:

What are the things that you feel need to be rectified?

Two bedrooms upstairs have had radiators removed. As apparently owners use open fire in the lounge and these two bedrooms are warm from it anyway.  I would not use open fire anyway. Hate the smell of it...

Squeaky floor in one are in the dinning room.
Bathroom floor is not tiled it has got cover looking like fake tiles. Almost caught me


I probably sound picky
But I am buying house not a dress.





 

Fair enough but £5K! 
Radiators in one room should cost about £200-£500 and as for the squeaky floorboards that's general maintenance of buying a house. You cant really ask for a reduction because you don't like the look of flooring.
Make an offer based on how much you want the house and how much you can afford.

Thank you.
There aren’t even pipes in one of the bedrooms. So it would be a bit more than just a radiator. But this is not a point.

i am just calculating how much it would cost me to make it look like I want it to look. 

I am not asking to reduce the price. If the house would be on the market for offers over 350k I would not be asking this question.

I am genuinely asking  does marketing the house with guide price means that price is negotiable.

That is all. 

Everything is negotiable. 

Ignore offers over guide price OIEO and all the other baloney. If you must offer now, Offer what you think it's worth or a bit under allowing room for negotiation as most people like to play that game.
The property will either find its market price or if it has delusional sellers, never sell.

paddytt

In theory, the housing market should be cooling off with the end of Stamp Duty in sight - but it doesn't appear to be! 
I always think it's worthwhile building a good relationship with the Estate Agent and/or seller.  They might choose you over someone else, if they are emotionally attached to the property.  You also need to reinforce that you are FTB, no chain, mortgage ready etc because again, they might choose you over soneone else in a chain, even with a lower offer. 
BUT at the same time, look around at other properties so if that one sells tomorrow for £350k, you won't be so disappointed!