for those with there house for sale how low are the silly offers coming in at ?

LizzieandThomas

have heard from a few friends who have had really low offers and i have too, ok so the market is slow but what makes people think we will give our house away !!!!!!

im on at 140k (under recommended price), been on 4 days and got a stupid offer of 115k !!!!!!

mr.broderick

LizzieandThomas wrote: »

have heard from a few friends who have had really low offers and i have too, ok so the market is slow but what makes people think we will give our house away !!!!!!

im on at 140k (under recommended price), been on 4 days and got a stupid offer of 115k !!!!!!

I wouldn't consider any offer as stupid.
Why not counter offer and meet them half way, ask for 127k. Thats what i would do, i wouldn't just dismiss it, not in any climate.

Romani_Ite_Domum

Anything less than 20% off an asking price is a resonable offer in todays climate.

It's up to you. If you are buying again try reciprocating it on your next purchase.

dannyboycey

LizzieandThomas wrote: »

im on at 140k (under recommended price), been on 4 days and got a stupid offer of 115k !!!!!!

Believe me, in 6 months time that will sound anything but 'stupid'! You might get lucky ( I hope you do)...but the longer you wait, the more you run the risk of chasing a falling market.

LizzieandThomas

My house is worth what im asking , if i cant sell for a reasonable figure in this market i will just wait - what makes people think that i would be that desperate to let it go so cheap - you can not buy anything for £115,000 or £127,000 in the area i live !

seraphina

If you bought your house more than about 2 years ago, you will probably make a handsome "profit" by selling it at the low offer price.

I would ask for a similar discount on the house you intend to buy. My advice with offers has always been "if you're not embarrased by your first offer, it's too high".

I would be tempted to do what a previous poster has said, and meet them half way and see what they say.

LizzieandThomas

they were mege embarrased and even kept telling my agent i know its too low but its just a starting offer.

dannyboycey

LizzieandThomas wrote: »

My house is worth what im asking

WRONG!!!

It's worth only what a buyer is prepared to pay.

LizzieandThomas wrote: »

you can not buy anything for £115,000 or £127,000 in the area i live !

Yet.......

mr.broderick

LizzieandThomas wrote: »

they were mege embarrased and even kept telling my agent i know its too low but its just a starting offer.

So they stated it was a starting offer and yet you post it on here as a ridiculous offer, get your negotiation shoes on and stop cluttering the boards.;)

LizzieandThomas

And as its only been on a few days and its just before christmas i think a short wait and i will get a buyer.

i have not asked "should i accept this offer" - i wont i have no questions here at all, im just curious to see what offers others are getting .

LizzieandThomas

mr.broderick wrote: »

So they stated it was a starting offer and yet you post it on here as a ridiculous offer, get your negotiation shoes on and stop cluttering the boards.;)

there speaking to there financial advisor later !

As i have said this is not a thread about just my offer, i want to know what others are recieving.