Cheeky offer

zoemk12

babyblade41 said:

If it's in a sought after area it is more than likely you will be shown the door, also you aren't really proceed able at the minute so I would have thought there will be interest from higher offers in a more proceed able position than you

Yes you are most likely correct, however property around here does seem to be moving slowly at the moment. We will have a look and then we will give it a few weeks to see what happens. I’m a big believer in what will be will be. 

We can afford to buy the house before selling ours if we so chose to but not sure we want to be landlords! 

comeandgo

I don’t like cheeky children nor cheeky adults.  If you offended me I would not offer you a second chance.

youth_leader

If it is probate the executor is charged with getting the best price.  Good luck!

lookstraightahead

babyblade41 said:

If it's in a sought after area it is more than likely you will be shown the door, also you aren't really proceed able at the minute so I would have thought there will be interest from higher offers in a more proceed able position than you

It's probable that the sellers aren't proceedable either 

Sarah1Mitty2

caprikid1 said:

I am assuming you also have a property to sell. 

There are many who are desperate to talk the market down so be cautious of the advice you receive, if you cannot afford at least 90% of asking you are probably setting your sights too high.

Not difficult to talk it down now, I would be more wary of those desperately trying to talk it up for whatever reason. Go in at 25% off OP, can you back this up with results from PropertyLog etc. for your area?

Sarah1Mitty2

zoemk12 said:

ps no haven’t plucked the 30% out of the air.   listening to podcast, reading reports etc.
Realise nothing is guaranteed. 

Are you allowed to link to the property?

mi-key

Remember the agents have valued the house for sale in its current condition, not what it would be worth if you decided ( for your own benefit ) to spend £100K doing it up.

What houses have sold for in the past doesn't really have any relevance as you aren't going back in time to buy those. It is the only house for sale on that street, and it is priced at £375K

You may think this is overpriced, someone else who loves the house, wants it, and has the money may think its a bargain. 

I imagine an offer of 30% under so £262,500 for a £375,000 house will get you ( politely ) laughed out of the estate agents office...

mi-key

p.s. I think any offer for 30% under is seriously stretching the definition of 'cheeky'...

Sarah1Mitty2

mi-key said:

Remember the agents have valued the house for sale in its current condition, not what it would be worth if you decided ( for your own benefit ) to spend £100K doing it up.

What houses have sold for in the past doesn't really have any relevance as you aren't going back in time to buy those. It is the only house for sale on that street, and it is priced at £375K

You may think this is overpriced, someone else who loves the house, wants it, and has the money may think its a bargain. 

I imagine an offer of 30% under so £262,500 for a £375,000 house will get you ( politely ) laughed out of the estate agents office...

It does because borrowing rates are now much higher than the recent past, and lenders will factor this into their calculations when valuing, or more likely now, down-valuing properties. The opinions of the seller and EA are mostly irrelevant, lenders valuations are the market price in most cases.

Sarah1Mitty2

mi-key said:

p.s. I think any offer for 30% under is seriously stretching the definition of 'cheeky'...

Not really, in many areas that just takes you back a bit before Covid, all that froth has to disappear as the market returns to normal, people should look at prices as moving with the BOE base rate and factor something in for wage inflation and any improvements done to the house since it was bought.