Reasonable offer?
Discussion
Went to look at a house yesterday and we are concidering putting in an offer, I want to put a cheeky offer in but the Mrs doesn't want to be rude.
As the situation stands I think we are in a very good position to get it cheaper, its up for £200k which is to be fair already cheap, its in generally good condition, not to our style or standard or work so would need every room doing within a year to 2, with the kitchen being high on the priority list.
The seller has emigrated, the house was for sale for a few months but it didnt sell, it then went to auction and again, it didnt sell. They then let it out (2 months ago) and put it back on the market at the same time, in this time it has had a number of viewings but no offers. The current tenant has 4 months remaining on the contract. This would give us time to get ours sold so could be a bonus too.
The wife wants to start at 180k with the view to going to £185k. I want to start at £170 in the hope I can get it within the stamp duty braket and save a couple of grand there too.
Is this reasonable or is it too little?
As the situation stands I think we are in a very good position to get it cheaper, its up for £200k which is to be fair already cheap, its in generally good condition, not to our style or standard or work so would need every room doing within a year to 2, with the kitchen being high on the priority list.
The seller has emigrated, the house was for sale for a few months but it didnt sell, it then went to auction and again, it didnt sell. They then let it out (2 months ago) and put it back on the market at the same time, in this time it has had a number of viewings but no offers. The current tenant has 4 months remaining on the contract. This would give us time to get ours sold so could be a bonus too.
The wife wants to start at 180k with the view to going to £185k. I want to start at £170 in the hope I can get it within the stamp duty braket and save a couple of grand there too.
Is this reasonable or is it too little?
BGB autosport said:
Went to look at a house yesterday and we are concidering putting in an offer, I want to put a cheeky offer in but the Mrs doesn't want to be rude.
As the situation stands I think we are in a very good position to get it cheaper, its up for £200k which is to be fair already cheap, its in generally good condition, not to our style or standard or work so would need every room doing within a year to 2, with the kitchen being high on the priority list.
The seller has emigrated, the house was for sale for a few months but it didnt sell, it then went to auction and again, it didnt sell. They then let it out (2 months ago) and put it back on the market at the same time, in this time it has had a number of viewings but no offers. The current tenant has 4 months remaining on the contract. This would give us time to get ours sold so could be a bonus too.
The wife wants to start at 180k with the view to going to £185k. I want to start at £170 in the hope I can get it within the stamp duty braket and save a couple of grand there too.
Is this reasonable or is it too little?
I think I would tell you to come back when yours was sold before I would consider an offer given that the market seems to have stopped falling like a stone at the moment.As the situation stands I think we are in a very good position to get it cheaper, its up for £200k which is to be fair already cheap, its in generally good condition, not to our style or standard or work so would need every room doing within a year to 2, with the kitchen being high on the priority list.
The seller has emigrated, the house was for sale for a few months but it didnt sell, it then went to auction and again, it didnt sell. They then let it out (2 months ago) and put it back on the market at the same time, in this time it has had a number of viewings but no offers. The current tenant has 4 months remaining on the contract. This would give us time to get ours sold so could be a bonus too.
The wife wants to start at 180k with the view to going to £185k. I want to start at £170 in the hope I can get it within the stamp duty braket and save a couple of grand there too.
Is this reasonable or is it too little?
If you were ready to go in the curent nmarket you could be cheeky but you have a pl;ace to sell and could be in the sanme position as they are in terms of not being able to sell. Do you know where they have gone to and what their local currency has done against the £ recently. It could be they can afford to take a lower offer iof it will be worth more in their local currency and you could afford to sell yours quickly and at a reduced price to someone without a house to sell.
They have gone to New Zealand. We have had ours valued and they say that it should sell quickly. We will have atleast 4 months to sell anyway and if we get this one cheap then we can afford to take less on ours anyway.
We are not going to sell ours before finding somewhere else as we dont want to loose what we have for a place thats not perfect and are not willing to rent.
We are not going to sell ours before finding somewhere else as we dont want to loose what we have for a place thats not perfect and are not willing to rent.
Four Cofffee said:
I think I would tell you to come back when yours was sold before I would consider an offer given that the market seems to have stopped falling like a stone at the moment.
I agree. I wouldn't even consider an offer on my place unless I knew the bottom of the chain was working towards exchange of contracts (or chain free).Four Cofffee said:
BGB autosport said:
Went to look at a house yesterday and we are concidering putting in an offer, I want to put a cheeky offer in but the Mrs doesn't want to be rude.
As the situation stands I think we are in a very good position to get it cheaper, its up for £200k which is to be fair already cheap, its in generally good condition, not to our style or standard or work so would need every room doing within a year to 2, with the kitchen being high on the priority list.
The seller has emigrated, the house was for sale for a few months but it didnt sell, it then went to auction and again, it didnt sell. They then let it out (2 months ago) and put it back on the market at the same time, in this time it has had a number of viewings but no offers. The current tenant has 4 months remaining on the contract. This would give us time to get ours sold so could be a bonus too.
The wife wants to start at 180k with the view to going to £185k. I want to start at £170 in the hope I can get it within the stamp duty braket and save a couple of grand there too.
Is this reasonable or is it too little?
I think I would tell you to come back when yours was sold before I would consider an offer given that the market seems to have stopped falling like a stone at the moment.As the situation stands I think we are in a very good position to get it cheaper, its up for £200k which is to be fair already cheap, its in generally good condition, not to our style or standard or work so would need every room doing within a year to 2, with the kitchen being high on the priority list.
The seller has emigrated, the house was for sale for a few months but it didnt sell, it then went to auction and again, it didnt sell. They then let it out (2 months ago) and put it back on the market at the same time, in this time it has had a number of viewings but no offers. The current tenant has 4 months remaining on the contract. This would give us time to get ours sold so could be a bonus too.
The wife wants to start at 180k with the view to going to £185k. I want to start at £170 in the hope I can get it within the stamp duty braket and save a couple of grand there too.
Is this reasonable or is it too little?
If you were ready to go in the curent nmarket you could be cheeky but you have a pl;ace to sell and could be in the sanme position as they are in terms of not being able to sell. Do you know where they have gone to and what their local currency has done against the £ recently. It could be they can afford to take a lower offer iof it will be worth more in their local currency and you could afford to sell yours quickly and at a reduced price to someone without a house to sell.
bga said:
Four Cofffee said:
I think I would tell you to come back when yours was sold before I would consider an offer given that the market seems to have stopped falling like a stone at the moment.
I agree. I wouldn't even consider an offer on my place unless I knew the bottom of the chain was working towards exchange of contracts (or chain free).BGB autosport said:
Went to look at a house yesterday and we are concidering putting in an offer, I want to put a cheeky offer in but the Mrs doesn't want to be rude.
As the situation stands I think we are in a very good position to get it cheaper, its up for £200k which is to be fair already cheap, its in generally good condition, not to our style or standard or work so would need every room doing within a year to 2, with the kitchen being high on the priority list.
The seller has emigrated, the house was for sale for a few months but it didnt sell, it then went to auction and again, it didnt sell. They then let it out (2 months ago) and put it back on the market at the same time, in this time it has had a number of viewings but no offers. The current tenant has 4 months remaining on the contract. This would give us time to get ours sold so could be a bonus too.
The wife wants to start at 180k with the view to going to £185k. I want to start at £170 in the hope I can get it within the stamp duty braket and save a couple of grand there too.
Is this reasonable or is it too little?
If your initial offer isnt so low that it embarasses you then its not low enough.As the situation stands I think we are in a very good position to get it cheaper, its up for £200k which is to be fair already cheap, its in generally good condition, not to our style or standard or work so would need every room doing within a year to 2, with the kitchen being high on the priority list.
The seller has emigrated, the house was for sale for a few months but it didnt sell, it then went to auction and again, it didnt sell. They then let it out (2 months ago) and put it back on the market at the same time, in this time it has had a number of viewings but no offers. The current tenant has 4 months remaining on the contract. This would give us time to get ours sold so could be a bonus too.
The wife wants to start at 180k with the view to going to £185k. I want to start at £170 in the hope I can get it within the stamp duty braket and save a couple of grand there too.
Is this reasonable or is it too little?
BGB autosport said:
The wife wants to start at 180k with the view to going to £185k. I want to start at £170 in the hope I can get it within the stamp duty braket and save a couple of grand there too.
Leaving aside the whole business of you not being in a position to proceed, if you made that offer to me I'd instruct the agent to reject any further offers from you out of hand without consulting me, since what you regard as being "cheeky" I regard as playing silly buggers and I simply wouldn't sell to you at any offered price for that alone.I may not be typical though. I am planning to put my house on the market very soon so have been thinking about this stuff.
hahithestevieboy said:
If your initial offer isnt so low that it embarasses you then its not low enough.
That's what people were saying about new builds last year. It's not a phrase you can keep wheeling out anytime it sounds like it might be relevant.Anyway. If I were the vendor I'd say thanks for the offer - come back when you've got the cash ESPECIALLY if you're being cheeky with your offer. He's got nothing to lose by waiting another couple of months to see if something better comes along.
Edited by Olf on Thursday 10th September 12:33
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