Would you say 15% under asking price is fair to offer...?

Captain_Mainwaring_2

Treadmill wrote: »

If somebody bid me 40% less than the asking price I would think they had been sniffing glue lol

If you don't ask, you don't get.

Look at the idiots that paid £250+K for a two bed flat, were they sniffing glue at that point -

Greed is over boys and girls - time for those who have the money in the bank to enjoy.

Becks045

I think, if we don't ask, we won't get. Plus they are very keen to sell and we're prepared to walk away if they don't bite. If they say no and its still for sale in a few months time, I'll go back and try them again.

Bf109

The worst that can happen is they say no.

All of this "embarrasing offer" and "the vendor will be offended" stuff is pure tosh thought up by estate agents and property !!!!!! merchants.

Bf109

Treadmill wrote: »

If somebody bid me 40% less than the asking price I would think they had been sniffing glue lol

Whenever somebody suffixes a sentence with "lol" I think they have sniffing glue.

Treadmill

Bf109 wrote: »

The worst that can happen is they say no.

All of this "embarrasing offer" and "the vendor will be offended" stuff is pure tosh thought up by estate agents and property !!!!!! merchants.

Oh I dont know, they might not be offended and you might not be embarrased but you would certainly look naive and foolish offering 40% less than asking price on a 130K house (78k) unless it was on fire lol

Treadmill

Bf109 wrote: »

Whenever somebody suffixes a sentence with "lol" I think they have sniffing glue.

And when somebody suggests offering close to half the asking price of a property I suspect they have been on the crack pipe lol

Seriously though, do you think people just dream up asking prices ?

phil_b_2

Its true the vendor can only say 'no' to a 30-40% lower offer, but dont expect to be taken even remotely seriously. They WILL laugh!

It doesnt really matter what anybody 'thinks' houses 'might' be worth in 1-2 years time, you cant make an offer based on that.
If you were the seller, and someone offerd you half your asking price saying they reckon it will only be worth that much in 2 years anyway, what would you do? You would instruct your agent to not even bother answering the phone to them anymore most likely.

Until prices do actually drop significantly, there is no reason a seller will take low-ball offers unless they have to.

dopester

phil_b wrote: »

Until prices do actually drop significantly, there is no reason a seller will take low-ball offers unless they have to.

Do it anyway; a 30% discounted offer will give them a little appetiser of the falls to come.

jammie*dodger

Property in that street that has sold in the last 2 years

16 Apr 2007 15 Friars Avenue, Peacehaven, East Sussex BN10 8PS Detached Freehold £210,000 12 Mar 2007 15a Friars Avenue, Peacehaven, East Sussex BN10 8PS Detached Freehold £175,000 12 Jan 2007 15 Friars Avenue, Peacehaven, East Sussex BN10 8PS Detached Freehold £202,000 13 Sep 2006 7 Friars Avenue, Peacehaven, East Sussex BN10 8PS Detached Freehold £205,000
I suspect that they have priced it too high anyway. If a detached house was £210k last April i'd expect a semi to be less than £184k. maybe that's just my bad experiences with adjoining neighbours speaking though.

I'd say £184k was maybe a sensible price before Xmas. I'd say at least 10% less would be more appropriate now - and that's a starting point. 15% may be considered an insult by the owners but they had better get used to that if they want to sell their house.

Cheers, Rob.

Bf109

Treadmill wrote: »

And when somebody suggests offering close to half the asking price of a property I suspect they have been on the crack pipe lol

Seriously though, do you think people just dream up asking prices ?

Yes. Of course. You think they have some scientific method for doing it?