PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Putting in a low offer

Options
245

Comments

  • I moved three hours away a couple of years ago. Sold the house, went into rented, then was on the doorstep fir viewings and to get an idea of area. Is this not something you can do, rather than panic buying? 
  • Unfortunately with the high rents and cost of moving/storing our stuff it will eat into our deposit too much. We are already priced out of the market.
  • I would definitely speak to the estate agent and say that I am very interested to see the house, but I need to make them aware that my top budget is 280K. Are they happy to book the viewing on this basis.  
  • lookstraightahead
    lookstraightahead Posts: 5,558 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 24 January at 5:58PM
    Unfortunately with the high rents and cost of moving/storing our stuff it will eat into our deposit too much. We are already priced out of the market.
    But you would be paying for a mortgage, and your stuff could go in your rental, and you could then be 'there' and not have to travel?

    Anyway, obviously your choice, but don't just buy something for the sake of it - the market might settle (lots of hysteria and houses falling through). 

    £280k is a realistic offer.
  • davilown
    davilown Posts: 2,303 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    There’s a lot of properties that have been in the market for quite some time here (south east) - prices not being realised but this really is only for though over £500k. Lots of reductions occurring, and not much hope of sale as we get closer to Xmas.
    30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 24 January at 5:58PM
    It probably won't work in this market but I'd like to pitch it as best I can. FTB with no chain, mortgage approved in principle
    Being a FTB is a disadvantage, not an advantage. I'd just say that you are 'chain-free' instead.
  • lookstraightahead
    lookstraightahead Posts: 5,558 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 24 January at 5:58PM
    Slithery said:
    It probably won't work in this market but I'd like to pitch it as best I can. FTB with no chain, mortgage approved in principle
    Being a FTB is a disadvantage, not an advantage. I'd just say that you are 'chain-free' instead.
    It depends how you look at it. Someone had to be bottom of the chain. 

    I don't see FTB as anything different from chain free. 
  • AFF8879
    AFF8879 Posts: 656 Forumite
    Ninth Anniversary 500 Posts Name Dropper
    edited 3 September 2021 at 10:13AM
    It depends where it is and what type of property it is; e.g. for a 1 bed flat in London I’d say it’s a perfectly reasonable offer, a 2-3 bed house in a nice area of the Midlands/North etc would be a completely different story.

    I’d be far more concerned about offering on a property you haven’t viewed. If I was the seller, unless I was desperate to sell and had no other offers on the table, I wouldn’t take you seriously as a buyer. Especially when you offer below asking.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Have you registered with the EA , met them in person? 
  • Mac_70_
    Mac_70_ Posts: 69 Forumite
    10 Posts
    I would definitely speak to the estate agent and say that I am very interested to see the house, but I need to make them aware that my top budget is 280K. Are they happy to book the viewing on this basis.  
    ^^This^^ It would show that your serious, and let you test the offer at the same time.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.