We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

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.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Offering below asking price on house already reduced

ToshiSato
ToshiSato Posts: 5 Forumite
First Post
in House buying, renting & selling
Hi all!

We currently found a house we really like and will be viewing it at the weekend.
The house has been on the market for 3 months and been reduced from 270k to 255k.
We really like the house, but don't think we can go that high. Do you think an offer of 230/233k would even be considered?

Appreciate any input! 
Thanks 
Toshi
«13

Comments

  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Impossible to say without more information.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The EA is the one you need to be talking too. 
  • user1977
    user1977 Posts: 19,518 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    Irrespective of what the asking price is, and how much money you've got - how much is it worth?
  • ToshiSato
    ToshiSato Posts: 5 Forumite
    First Post
    user1977 said:
    Irrespective of what the asking price is, and how much money you've got - how much is it worth?
    Looking at the move market it's valuation is 230k
  • HotPantsCruiser
    HotPantsCruiser Posts: 169 Forumite
    100 Posts Name Dropper
    ToshiSato said:
    user1977 said:
    Irrespective of what the asking price is, and how much money you've got - how much is it worth?
    Looking at the move market it's valuation is 230k
    What is that?
  • powerful_Rogue
    powerful_Rogue Posts: 8,659 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No-one here will know. Put an offer in and see what the comeback is.
  • ToshiSato
    ToshiSato Posts: 5 Forumite
    First Post
    powerful_Rogue said:
    No-one here will know. Put an offer in and see what the comeback is.
    Ok, thank you. Was just curious since it's already been reduced and wanted to know others opinions
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    You can get as many opinions from here as you want but all of them will be meaningless.
    The only opinion that actually matters is the vendor's.
  • Sapindus
    Sapindus Posts: 766 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    People have lots of advice about this, but my take on it is that if your offer is refused, you don't want to walk away with a nasty feeling.  You're not making a low offer out of stinginess, you genuinely don't think you can go as high as the asking price, so there's nothing to lose (like a chance of going back and offering more a second time.) So I would be honest and say "we really like your house but we just can't go that high, this is our offer and we'll understand if you can't accept it and hope you find your ideal buyer soon."

    You never know they may be getting desperate, they may feel an affinity because you like their house so much and have been honest, and at least if they can't afford to take your offer you've given them a nice feeling that someone liked their house a lot and they could find a buyer soon.  
  • ToshiSato
    ToshiSato Posts: 5 Forumite
    First Post
    Sapindus said:
    People have lots of advice about this, but my take on it is that if your offer is refused, you don't want to walk away with a nasty feeling.  You're not making a low offer out of stinginess, you genuinely don't think you can go as high as the asking price, so there's nothing to lose (like a chance of going back and offering more a second time.) So I would be honest and say "we really like your house but we just can't go that high, this is our offer and we'll understand if you can't accept it and hope you find your ideal buyer soon."

    You never know they may be getting desperate, they may feel an affinity because you like their house so much and have been honest, and at least if they can't afford to take your offer you've given them a nice feeling that someone liked their house a lot and they could find a buyer soon.  
    Thank you! Appreciate the response 😊
★ ★ ★ 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
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604.1K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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.
Update Your Picture