I'm a FTB and have seen a house I like, it's on the market for £195k and has been on the market since January 2020. Other houses in a similar but very slightly lower price range are selling like hot cakes just now but not this one.
I went to view it last week and really like it but know for a fact I can't stretch to to the asking price. I could get to 190 as an absolute push but 185 would be much more reasonable. It needs some things updating such as the bathroom is the original and doesn't even have a shower. The owners haven't done any work to it by the looks of it since they bought it 14 years ago, all the windows, kitchen and bathroom are what the property was built with 20 years ago - not sure if that's relevant. But it would certainly be liveable it's not in a state of disrepair it just needs a refresh.
So if this was your house and a first time buyer came along and offered you £175k (as a very hopeful starting price) would you refuse to deal with them any further or would you negotiate? Or accept?!