How long has it been on the market?

Natz

Thanks wriggly,
I am a FTB too, and the house I am interested in has dropped 11k in the last 5 months!!
Maybe that will make them less likely to take an offer though. (is new to this) :0)

wriggly

Natz wrote: »

I am a FTB too, and the house I am interested in has dropped 11k in the last 5 months!!
Maybe that will make them less likely to take an offer though. (is new to this) :0)

I think you're right about that. I kept that in mind when we bought a house recently, that the vendor had already lopped a big chunk off, and would probably respond negatively to an even lower offer.

So we put in an offer only a few thousand off their new asking price (but more than 5% off their original price) to show we were serious, and then only moved in small increments during negotiations: one increment of £1000 and one of £500.