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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Aibu to write to the house seller?

212 replies

ButterMelonCauliflower · 18/04/2025 10:56

Long story short… we have sold our house but nowhere to buy. We want to stay local and understand the local housing market.
There’s a house we like but it’s out of our price range. We think it’s over-valued (massive development planned next door to the property - probably why owners are selling). The agent it’s on with has a reputation for overvaluing and the vendors are asking way more than local average increase in the 10 years that they’ve owned it. They tried to sell 2 years ago but failed. Since then the asking price has gone up for no obvious reason.
Two weeks ago we offered 18% below asking price and were rejected.
Yesterday we offered 15% below but agent says they are not willing to negotiate.

AIBU unreasonable to contact them, explaining that we love the house, are not trying to take the piss and are hoping they might reconsider?

YES you are BU. It’s their house and they can ask what they like

NO you are not BU. A letter can’t hurt as long as it’s not too bossy/pushy

Any thoughts?

OP posts:
Abitofalark · 18/04/2025 17:17

You'd give away your power by doing that. It's a desperate move and gives them an opportunity to exploit it. Even if they agreed to sell it to you and you bought it, led by an inflated asking price, there's a good chance you would end up with a house which you realise, too late, wasn't a great purchase, being next to a development and that you overpaid for because of the psychological power of asking price and your over optimistic yearning for a house.

That they have failed to sell it before would usually suggest at least questioning the asking price and possibly that it should come down although it hasn't yet. You need to consider very seriously the prospect of the development and weigh it heavily into the price and value for money calculation.

As they are waiting and expecting or hoping for a higher offer than yours, let them wait and deal with the pressure of the risk that they won't get it. As time goes on that pressure increases and they may have to reduce the asking price or what they'd think an acceptable offer. At that point, you could adjust your offer to a more realistic value for money one than the earlier one you made based on an unrealistic initial asking price.

Energe · 18/04/2025 16:58

Tbh I can see both sides but as they’ve said no and there’s nothing to lose if I were you I’d send a note saying if you do decide to lower please keep us in mind.

Pinkissmart · 18/04/2025 16:54

Op, be cool
If they think you're happy to walk away, they may get nervous and accept an offer you can afford.

Play the game

ButterMelonCauliflower · 18/04/2025 16:53

Horses7 · 18/04/2025 16:51

I would - she who dares wins! Up your offer to max you can afford and say you've sold your property and can complete soon. We did this several years ago and it worked - we completed in four weeks.
Btw we sometimes get notes asking if we’re selling (we’re not) and it doesn’t offend me at all.

thanks for your reply. It doesn’t offend me either. I think we’ll sit for a bit and see if anything else comes along. We can go back to them if we get desperate!!

OP posts:
rainingsnoring · 18/04/2025 16:52

ShagratandGorbag4ever · 18/04/2025 16:32

And 5. Some people think that wanting something entitles them to have it, provided that they want it enough (which is arguably a subset of (1) above, but is becoming so common that it deserves its own category).

Agreed although that applies equally to both sellers and buyers. I would say it's a bit of combination of 1 and 2. I don't agree with points 3 and 4 in the initial post.

Horses7 · 18/04/2025 16:51

I would - she who dares wins! Up your offer to max you can afford and say you've sold your property and can complete soon. We did this several years ago and it worked - we completed in four weeks.
Btw we sometimes get notes asking if we’re selling (we’re not) and it doesn’t offend me at all.

ButterMelonCauliflower · 18/04/2025 16:47

ShagratandGorbag4ever · 18/04/2025 16:32

And 5. Some people think that wanting something entitles them to have it, provided that they want it enough (which is arguably a subset of (1) above, but is becoming so common that it deserves its own category).

This is charming. I don’t want it that badly and am perfectly aware that they’re allowed to sell it for what they want and to whom they want. I just don’t think the estate agent has valued the house correctly and I haven’t got time for the vendors to take 6 months to realise that.

OP posts:
Jabberwok · 18/04/2025 16:38

ShagratandGorbag4ever · 18/04/2025 16:32

And 5. Some people think that wanting something entitles them to have it, provided that they want it enough (which is arguably a subset of (1) above, but is becoming so common that it deserves its own category).

And all those books :"Visualise it and it will happen". Yeh I visualized winning the lottery last week...perhaps it would have helped if I bo bought a ticket!

ButterMelonCauliflower · 18/04/2025 16:37

We didn’t accept under asking price. Instead we went with a lowish valuation with “offers over” and were happy with what we got. It made sense at the time as we trying to sell fast to buy another house. The sale fell through because our buyers lost their buyer so the vendors of the house we wanted pulled out. We have done what I think is the decent thing, and stuck with our buyers. They have now found a new buyer, so the lower end is complete. I guess we could be unkind and try remarketing in the hope it makes what we want a bit more affordable. It just seems a shitty thing to do, as our buyers have paid for survey/lawyer etc

OP posts:
rainingsnoring · 18/04/2025 16:35

Bumpitybumper · 18/04/2025 15:16

I think you would be a brave person to be against the property market even in the medium term. I think if you're currently in a stagnant or falling market it can feel like the property market won't ever recover but there are loads of areas in the UK that are rising quickly.

Sorry but I can't agree with you. There are multiple reductions all over Rightmove, developers struggling to sell new builds and the economy is clearly struggling and expected to worsen in the next year and onwards. I agree that some areas will do better but don't think there are many areas where prices are 'rising quickly' and far more where they are falling now.

ShagratandGorbag4ever · 18/04/2025 16:32

Jabberwok · 18/04/2025 11:59

You have accept 4 facts when buying/selling a house

  1. Some people are fucking stupid
  2. Many people are greedy and see property as an easy way to make money
  3. Estate agents benefit more from an expensive house than a cheap one and will encourage over valuation And
  4. Some people forget this, see a house drop £10k, think they are getting a bargain not realising the house was over valued by £30k

And 5. Some people think that wanting something entitles them to have it, provided that they want it enough (which is arguably a subset of (1) above, but is becoming so common that it deserves its own category).

rrrrrreatt · 18/04/2025 15:52

CantStopMoving · 18/04/2025 12:20

They definitely didn’t pass it on for me. He scoffed at me and said very clearly they wouldn’t entertain a 20% reduction in price. It was a massively lowball offer so he clearly just thought I was a chancer so not worth even entertaining passing it on.

just so funny as I got a better, bigger, better located house for that money instead about a road away. 15 years later I’m still smug about that! 😂

The EA isn’t allowed to withhold offers but they can agree with the seller in advance the parameters of offers they’ll consider and reject any outside of these without passing them on.

So if the seller agrees with the EA they wouldn’t consider any offer below X% so didn’t want them passed on, the EA could reject your offer straight away. We fell in love with a house and offered without viewing but were rejected by the EA as the sellers said they wouldn’t consider offers before viewing.

Hotknees · 18/04/2025 15:39

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Whoarethoseguys · 18/04/2025 15:36

Don't write a letter. They obviously want to go through the estate agent and a letter could make things worse
Also there is nothing you can write in the letter that they probably don't already know.

Tryingtokeepgoing · 18/04/2025 15:34

Ihopeyouhavent · 18/04/2025 14:59

Go for it. As i always tell my boys, " dont ask, dont get"

Good luck xx

But, once they’ve been rejected twice, maybe think again? Or just tell them tobe irritating in the hope the other side caves in ;)

Tryingtokeepgoing · 18/04/2025 15:32

The vendors are using an agent so it’s entirely normal to communicate through the agent. Why would you try and go direct…I’d just blank you if I were them. Sure, you’re communicating with your buyer, but that’s completely different - you want to sell to them and, presumably, are happy with or have agreed a price. You are not at that stage with the house you want to buy. Once you are, which is achieved through the agent, I’m sure they’ll be happy to communicate directly with you.

WorryBear · 18/04/2025 15:31

Won't work. We did something similar 7 years ago. We spoke to them asked to negotiate. They said no. These guys will do the same. Best to go through the EA. They are the only ones with some negotiating power.

Keepsmiling2948 · 18/04/2025 15:27

Do they actually want to/need to desperately sell? The once sleepy village next to us has seen an explosion in developments recently and a lot of houses that would back onto it were put up for ridiculous amounts on the off chance that somebody would buy one prior to development becoming obvious. It’s a very desirable village and it paid of for a handful of sellers.

However a lot of those houses have been on and off for the market for years and now the developments are in place they are far less desirable and have been drastically reduced in price as the ship has sailed to offload their homes at inflated prices.

Once the development is started they may be more inclined to sell.

Bumpitybumper · 18/04/2025 15:16

rainingsnoring · 18/04/2025 14:47

I've seen GS's predictions but I think he is very wrong on this. In the US, the large investors such as Blackrock, etc have been selling rather than buying in the past couple of years. Prices are heading downwards there too.
Previous decades are not the same as now.

I think you would be a brave person to be against the property market even in the medium term. I think if you're currently in a stagnant or falling market it can feel like the property market won't ever recover but there are loads of areas in the UK that are rising quickly.

Genevieva · 18/04/2025 15:08

It sounds like they aren’t serious about selling. I’d keep em eye out for something else.

Bumpitybumper · 18/04/2025 15:08

In a way I think that there is no harm in asking although I do find it telling that this is the only house that you seem to be considering. This implies that there isn't an abundance of choice and that demand is exceeding supply for the type of property you are interested in. Personally I would factor this into any thoughts you have on what the house should be priced at. Remember houses sell all the time for what some people would consider an over inflated price and others consider reasonable value. Value is in the eye of the beholder to some extent.

Ihopeyouhavent · 18/04/2025 14:59

Go for it. As i always tell my boys, " dont ask, dont get"

Good luck xx

80smonster · 18/04/2025 14:52

You’ve made two cheeky offers, both rejected, if I was the vendor and you sent me a love letter, I’d write one back telling you to offer the asking price.

rainingsnoring · 18/04/2025 14:51

ButterMelonCauliflower · 18/04/2025 14:41

I’ve looked. The majority that do sell go for way under asking

I think so many agents and sellers are deluded at present and many seem to be wilfully running their business into the ground.
Still, you as a potential buyer can't change other people's minds. You can decide not to overpay. The sellers of this particular house may well regret turning down your offer but the decision is theirs to make.