How much to offer?

cymruchris

Martylaa said:

Just been informed he turned down two offers from someone who simply knocked on the door without going through the agents for £455 and £460k.

We were thinking of offering £460k tbh and not much more as our limit, wonder if he’ll entertain it?

If you have a limit and it's around 460 - and are going to absolutely stick to it - offer it - and if they say no - move on to the next property. The longer you umm and ahh over it - someone else might pop in an offer of 465 and it get accepted and then you haven't even had a look in.

Wishywashy74

Yeah agreed, unfortunately my partners away until later so will have to go to agents tomorrow once she have finalised figures.

lookstraightahead

I would turn away anyone knocking on the door as well.

cymruchris

lookstraightahead said:

I would turn away anyone knocking on the door as well.

If they were really interested - I'd direct them to the EA so that they could do all the necessary checks, and consider the offer if it was decent.

mi-key

If they turned down £460K, even it was from a door knocker, I doubt they are going to go much under £465K if anything. If they thought £460K was OK they would have told the door knocker to make the offer officially via their agent.

Knowing what you now know, I would offer £463K if you can stretch to that, but dont be surprised if they turn it down

mi-key

cymruchris said:

Martylaa said:

Just been informed he turned down two offers from someone who simply knocked on the door without going through the agents for £455 and £460k.

We were thinking of offering £460k tbh and not much more as our limit, wonder if he’ll entertain it?

If you have a limit and it's around 460 - and are going to absolutely stick to it - offer it - and if they say no - move on to the next property. The longer you umm and ahh over it - someone else might pop in an offer of 465 and it get accepted and then you haven't even had a look in.

What is the point of make an offer the same as one that has already been turned down? 

ManuelG

mi-key said:

cymruchris said:

Martylaa said:

Just been informed he turned down two offers from someone who simply knocked on the door without going through the agents for £455 and £460k.

We were thinking of offering £460k tbh and not much more as our limit, wonder if he’ll entertain it?

If you have a limit and it's around 460 - and are going to absolutely stick to it - offer it - and if they say no - move on to the next property. The longer you umm and ahh over it - someone else might pop in an offer of 465 and it get accepted and then you haven't even had a look in.

What is the point of make an offer the same as one that has already been turned down? 

Well in a general sense, if there's been a while between the offers, it might be that the seller's enthusiasm to cut a deal has been sharpended by the lack of a higher offer in the meantime.

Anyway in this particular instance (and without me being contrary!) it does seem to have gone from hating not to get it, to limit being c. £463,500 so yeah, I'd go in at that, a best and final offer, love it, want to buy it, but can't go any higher.

And if that really is the limit, don't look back if the offer's rejected.

Wishywashy74

Appreciate all the advice, thank you.

YoungBlueEyes

mi-key said:

What is the point of make an offer the same as one that has already been turned down? 

Depends on the people offering too, some are more appealing than others. £460k from ftb's with a tiny deposit v £460k from a middle aged couple with a chunky deposit who've been through this rodeo before...