opinions on level of offer

Zerforax

You could try and have a call with the estate agent to gauge their reaction. Don't forget that they will only get paid if the house is sold.

homefromhome69

MWT said:

Also consider the recent comps in the area as even if you can agree a price with the vendor you still have to get a mortgage valuer to agree, unless you are a cash buyer?

I wasn't trying to be unfair. Anyway, they won't budge on the price, so shame, but I'll keep looking.
There really wasn't much sold recently that was comparable. anyway, it's not the only house in the world!

homefromhome69

dougson said:

Do you know anything much about the seller's position? 

If it's a property they are living in and they are looking to buy somewhere else they might have negotiating room there which allows them to take a cheaper offer.

However, if it's inheritance or they are currently renting it out they might be less likely to consider an offer. 

Ultimately it's all a bit of luck, but the flat I bought was originally listed at 295, I went in at 265, got knocked back offered an increase to 270 which they felt was insulting, 4 months later they reduced the asking price to 275 and I went in at full asking.

owner occupier, apparently want to move nearer family.

homefromhome69

Zerforax said:

You could try and have a call with the estate agent to gauge their reaction. Don't forget that they will only get paid if the house is sold.

the ea said they want full asking - she was right!

MWT

homefromhome69 said:

MWT said:

Also consider the recent comps in the area as even if you can agree a price with the vendor you still have to get a mortgage valuer to agree, unless you are a cash buyer?

I wasn't trying to be unfair. Anyway, they won't budge on the price, so shame, but I'll keep looking.
There really wasn't much sold recently that was comparable. anyway, it's not the only house in the world!

Wasn't suggesting you were trying to be 'unfair' more the other way around as it is not uncommon to find people have made an offer at too high a price, especially when the vendor has a fixed price in mind,  and then the deal falls apart when they can't get a mortgage at that valuation...

homefromhome69

Honestly I don't think it is overpriced, and I would be inclined to pay the asking if I could, but I really offered the max I'm comfortable at, if they won't move on price pushing myself an extra £10,000 is pointless. I just thought it was worth an ask as it had been up for so long.

ReadySteadyPop

homefromhome69 said:

House has been on the market for c2 years, was reduced to offers in excess of £299,900 about 18 months ago. Would you think £270,000 is a bit low - its over 90% of the asking price or should I go in a bit higher? £280,000 is as much as I'd like to spend, could push it to 285 if I had to. I'm in a good position, in rented, got my finances sorted. I don't want to be insulting, but given it's been on the market for a while I thought I'd go and look, and well it's a really nice house.
I know no one knows, but just asking for opinions; I've never bought before so it's a bit daunting.
thank you

Have you checked the price history, how much did the owner buy it for? Did they overpay for it when interest rates were super low maybe?

homefromhome69

been there 20 years, paid a fair price by the look of it. they're just set on getting their price - I expect they will one day!

BikingBud

homefromhome69 said:

dougson said:

Do you know anything much about the seller's position? 

If it's a property they are living in and they are looking to buy somewhere else they might have negotiating room there which allows them to take a cheaper offer.

However, if it's inheritance or they are currently renting it out they might be less likely to consider an offer. 

Ultimately it's all a bit of luck, but the flat I bought was originally listed at 295, I went in at 265, got knocked back offered an increase to 270 which they felt was insulting, 4 months later they reduced the asking price to 275 and I went in at full asking.

owner occupier, apparently want to move nearer family.

Obviously not their prime want though is it?

ReadySteadyPop

BikingBud said:

homefromhome69 said:

dougson said:

Do you know anything much about the seller's position? 

If it's a property they are living in and they are looking to buy somewhere else they might have negotiating room there which allows them to take a cheaper offer.

However, if it's inheritance or they are currently renting it out they might be less likely to consider an offer. 

Ultimately it's all a bit of luck, but the flat I bought was originally listed at 295, I went in at 265, got knocked back offered an increase to 270 which they felt was insulting, 4 months later they reduced the asking price to 275 and I went in at full asking.

owner occupier, apparently want to move nearer family.

Obviously not their prime want though is it?

Doesn`t look that way does it?