What offer?

Stevie1

You are getting tied up over small change, how much do you think you will be able (if at all) to negotiate? 1K? 2K? Is that going to make such a difference?

If I were the seller I would tell you to get lost as you come across a not serious, time-wasting d!ck. If you don't want to buy just walk away, but if you do, have some decency.

There is a lot of uncertainty at the moment and many people are waiting to see what happens. Sellers where I live are too not dropping prices or accepting low offers in the hope that it will swing the other way, burying their heads in the sand. Well, my estate agent told me this morning the market is the worst for 16 years.

funkster7

I am serious in buying this propery ( i went back having resold my house)and obviously wouldn't be concerned over 1-2000.I want the best for my family in the current market as i seem to be in a good position at the moment as there are a lot on offer.Do you not think its best getting the best deal for the money you have to spend.The decency doesnt come into it.The guy bought for 95000 3 yrs ago to let out.

carpetbelly

funkster7 wrote: »

The guy bought for 95000 3 yrs ago to let out.

Honestly, what has that got to do with you though? What someone else paid for the property shouldnt matter what you're willing to.

If you've negotiated a price you feel is fair. You can afford and both parties are happy with then well done. If you want to try to negotiate again because you want value for money then do so. But be warned someone might think you are just 'dicking around' as said before and not take any offer from you again. Then again, they might need your sale and as such bend over backwards for you.

If you want to renegotiate and think the people will still play ball with you then why not try. Not what I'd do but then everyone's different and wouldn't the world be boring if we were all the same. But if you try to negotiate and lose the house because of it how will you feel then?

You need to weight up what's right for you at the end of the day. The chance to save a couple of grand? The chance of losing the house? The chance of saving the money and still getting the house.

funkster7

Thanks carpetbelly thats great post.I do understand that there is a chance of losing the house if i try to renegotiate the price.Basically the question is then do really want that house or would others be just as good if not better if i put low offer in.Therefore if i want the house i have put offer in on then leave as is?

carpetbelly

To be honest, you've hit the nail on the head in my opinion. If you tried to renegotiate with me then I'd think twice, but that's just me and who know's the situation of the people selling the property you've put your offer on.

At the end of the day, this is England and the joy of our housing systems means you're more than welcome to look around other properties and put in what offers you like on anything else.

It might not be the done thing. It might not be something I personally agree on but you're more than welcome to do it.

The first thing I'd do if I were you though is seriously ask, do I want this house I've offered on though. If yes, you've got your offer accepted. Then to be fair, why not. Yes, there's a risk if you renegotiate that the sellers won't want to deal with you but without knowing their situation who can say.

But yes, go away and think what you want from all this first. Then see what you want to do after getting that clear. A house is a large purchase which shouldnt be entered into lightly. Selling and buying affects peoples lives quite a lot, it's not a small thing.

Gorgeous_George

This is how I work.

I decide how much my house is 'worth' or how much I need to move on. This will give e a range, say £150K to £180K because valuations are always subjective. So, I advertise my house at the high end of the range. Any offer above my bottom-line is considered. No offers above my bottom line and I either stay put or reconsider my asking price/bottom line.

Offer me significantly less than my bottom line and I would not consider any further offers from you (I'd assume, rightly or wrongly, that you would try to gazunder at the eleventh hour).

GG

angelavdavis

kingkano wrote: »

Im confused. your asking how much to offer but you've already agreed a price twice and changed it. What you actually want to do is gazunder them yet again??

Previously, plenty of sellers raised their sale price because time had lapsed after accepting offers from buyers who had to sell their own properties (my inlaws ended up paying another £10k to secure the house they wanted to buy in these circumstances) - just because the market was growing. Now its in decline, why not? I suspect, if the price hadn't been overpriced to begin with, it wouldn't still be available.

At the end of the day, the dynamics of the market have changed and it is a buyers market - no longer the sellers market. If you have seen similar properties on for less now, then you should challenge the price.

However, morally, if they had taken the property off the market to wait for you to sell, I personally would have a problem offering a lower price at the last minute. If they hadn't - go for it - nobody else have come up with the asking price.

funkster7, did they take it off the market for you or have they continued showing the house during this time?

funkster7

They put it back on when our sale fell through.They said they will continue to market til survey is done

angelavdavis

Then in that case, I personally would offer the lower price and chance that they might tell you to never darken their door.

OH and I are selling his place at the moment (just went on) and fully accept that the market has changed. If we don't get a high enough price to clear my mortgage, then we have decided to rent the house out for a few years.

We have put our place on £5k less than our next door neighbours. They have been up for sale since October and haven't been able to find a place to buy so haven't sold. They have had various buyers sitting it out waiting, but they continued marketing. Those buyers gave up and moved on. They now have three buyers lined up (apparently) but they are continuing to have people view their house. Why? Because they still want a higher price of course.

In the meantime, we are going on the market with no on-going chain and are undercutting them. What happens if one of their buyer wants to buy our place - bring them on!

As it is the buyers market - we will take any decent offers we can....

They had the opportunity to sell to another buyer during this time.