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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To email offer confirmation

30 replies

goldenflappy · 27/09/2012 10:41

Morning All. Just offered on a NewBuild. Six properties on site have sold in last four years. OH just rang them to offer at 3rd off asking price. They turned him down flat without even taking a contact number. AIBU to email the offer to confirm?

OP posts:
OutragedAtThePriceOfFreddos · 27/09/2012 10:42

Well it's not going to do any harm, but a third off the asking price does seem like a lot. I'm not surprised they turned it down flat.

Original poster
goldenflappy · 27/09/2012 10:44

It has been on the market for 4 years though, we thought we'd try a cheeky offer. Its first and final cos we got no more to offer xx

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sillymillyb · 27/09/2012 10:46

If its through an agent (as far as I remember) they have a legal obligation to notify the vendor in writing of any offers. we always used to send a copy to the person who'd made the offer too.

However, a third off, even in this market, is a substantial drop and is unlikely to be entertained.

CamperFan · 27/09/2012 10:47

You may as well email them. Are they kisses by the way?

WorraLiberty · 27/09/2012 10:48

Do you mean a third 'of' the asking price or a third 'off' the asking price?

Sorry, not sure if you made a typo or not?

Original poster
goldenflappy · 27/09/2012 10:48

lol campervan they are. Im in a kissing mood xx

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OutragedAtThePriceOfFreddos · 27/09/2012 10:48

On the market for four years! Shock

Was it on the market off plan for some of that time?

I don't think there's anything wrong with making a cheeky offer, and it would do no harm at all to email your offer so you may as well. Just don't be surprised if they don't take it seriously.

Finbert · 27/09/2012 10:48

I would email just incase, my parents once had an offer on their house they weren't aware of for weeks as the estate agent had said no!!

Original poster
goldenflappy · 27/09/2012 10:49

Worra - a third off.

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Original poster
goldenflappy · 27/09/2012 10:52

Outraged - yes 4 years and not off plan. Lots of new developments where we live.

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OhSoSimple · 27/09/2012 10:53

I would email the offer too.

However, the agent is not legally obliged to pass the offer on IF the vendor has stated to them they do not want offers of less than x passed on. We have done this in the past to avoid being bothered with timewasters.

It's always worth a shot though, doesn't Kirsty Allsop say you should feel embarrassed by your first offer? FWIW we offered low on a house that we loved (as has always worked in the past) and the vendor was so insulted he refused to sell it to us even for the asking price!!!!

AKissIsNotAContract · 27/09/2012 10:54

how much is it on for?

Original poster
goldenflappy · 27/09/2012 10:56

It was direct to head office, not through an agent.

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Original poster
goldenflappy · 27/09/2012 10:57

akiss its on for £159

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CamperFan · 27/09/2012 10:58

I think a third off is a reasonable starting point for a house that has been on the market for 4 years. At the end of the day it's all about price and clearly no one is prepared to pay the asking price. They are probably thinking about it already but waiting for you to make a higher offer based on their outright refusal. I would email them. But if that's your final offer then don't get your hopes up...

Graciescotland · 27/09/2012 11:00

I'm making an offer on a property that has had a third lopped off the asking price. Old, in need of serious renovation and being sold to divvy up the inheritance though.

The problem for them is that if they took your offer it'd effectively devalue the entire estate by a third as everyone would check for comparables. No harm in trying though.

sue52 · 27/09/2012 11:06

If it's been on the market for 4 years, it's overpriced. Are there any deals on it, part exchange and so forth? Is it a big developer (Wimpey or the like)?

Original poster
goldenflappy · 27/09/2012 11:07

yes, there are deals. No more p/x on the site though because they have met their quota.

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sookiesookie · 27/09/2012 11:08

I would, but expect a no.

Original poster
goldenflappy · 27/09/2012 11:09

any suggestions on what would be sensible?

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OhSoSimple · 27/09/2012 11:15

Do you really want the house? If so how much are you willing to pay taking into consideration what you have said about it so far. I would decide on this. If you are not in love with the house obviously this is easier!

I would then e-mail the offer through to head office - perhaps ring and get the name of who ultimately decides whether or not offers are accepted. I would tell them that's your best and final offer and any other persuasive factors (are you chain free, able to complete within 28 days blah blah).

If you think it's only worth what you have offered so far then I would still email/ post this to them in writing.

Good luck!

DeWe · 27/09/2012 11:28

Well, has it altered it's offer in 4 years. I mean if it's been at £159 for 4 years then a third off is reasonable as a try (but they don't have to accept obviously). If it was on initially for £259 and has slowly been sinking then it probably isn't reasonable.

I'm guessing your offer is aound £100 (I don't think you'd get a garden shed round here for that Grin). Roughly at present they say about 10% off asking is what they're aiming for. 10%= £16, So they're hoping for about £143.

Assuming it's been on the market at £159 for 4 years, I'd think that 20-25% of was reasonable for them to take. 25% = £40, so about £120- £128, is probably what they'd consider a reasonable offer. You might get slightly more off if you're lucky.

I'd email them something along the lines of. "Just wished to confirm our offer of £100."
That way if you then think you can raise to £110, they know you've raised to offer once if that make sense. They may think £100 is your beginning to bargain offer, and are hoping you can raise.

Original poster
goldenflappy · 27/09/2012 11:38

have emailed......

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maybenow · 27/09/2012 11:41

can you find out what they were inititally on the market at? £159 might already be a third or more off what they hoped for initially.

Original poster
goldenflappy · 27/09/2012 11:54

Maybe,

They were initially marketed for 179. On the developmemt six other homes have sold but all smaller properties.

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