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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To think this is a cheeky offer?

132 replies

cakesandphotos · 06/08/2016 16:44

My husband and I went to see a house which is on the market for £140k. My husband wants to offer £110k because it's been on the market about a year and the guy is keen to sell. I think this is too low and a bit cheeky. I think starting at £120k is more realistic. AIBU or is he?

OP posts:
pinkyredrose · 12/08/2016 00:38

Oh wow great news, crossing fingers here!

hellsbellsmelons · 12/08/2016 08:50

Exciting stuff.
Everything is still crossed for you.

TurquoiseDress · 12/08/2016 09:07

Good luck OP!

Let us know how it goes

Original poster
cakesandphotos · 12/08/2016 12:18

He wants to meet half way Confused not sure whether to just stick to our guns and insist that's our final offer and risk losing out or whether we should stretch as far as we can. Obviously need to discuss with DH!

OP posts:
Alliswellihope43 · 12/08/2016 12:20

My mother offered £210k on £298k valued house
Bloody got it aswell! Woman wanted to sell fast
Might aswell try

CodyKing · 12/08/2016 12:31

Just say no - sorry

You have met half way 110 - 140

Half way I'd 125

Tell the estate agents you have your eye on something else - but let us know if they change their mind - give it a few days

It's just a game of patience

Summersun5789 · 12/08/2016 12:33

As Cody said

Summersun5789 · 12/08/2016 12:34

Our house was 220k we offere 170k got it.

They needed to sell. It's worth the wait

EnriqueTheRingBearingLizard · 12/08/2016 12:45

How many thousands between your offer and what they're now asking for?
What's half way?

The thing is it's not a science. There's never another identical house. There are however, other houses that could suit you well, whether you have to wait or whether one came on the market tomorrow. It's a game of nerve, negotiation and luck.

Years back my in law refused several offers and ended up selling for much less. By contrast we didn't get a penny off the asking price for the house we bought. Getting a property cheaper doesn't have to be the be all and end all, it's all about what that house is worth to you and if the vendor will accept that.

I'd think the fact that they want to negotiate means that they're now more interested in obtaining a sale, so maybe you could up your offer by £1-1,500 and stress again the strength of your position? Does that maths work? It's giving way a little but standing firm.

perrita · 12/08/2016 12:50

I'd go back with an odd number added on, maybe £1300 from what you offered last, say you've managed to scrape more deposit together but that's your final offer, if he declines it then leave it for 1-2 weeks before ringing the estate agent back to see if they had changed their mind about the final offer. You'll probably find that if you've quickly increased your offer then they think you will again. If you pretend that no, that's it, it might make them think. And if it hasn't sold so far in a year, chances are it won't in the next couple of weeks!

hellsbellsmelons · 12/08/2016 12:51

Do what Cody says.
Keep looking as well.
You might find something else even better.

RebootYourEngine · 12/08/2016 12:53

I would sit tight with the offer and see what happens.

DinosaursRoar · 12/08/2016 13:06

Sit tight, if it's been on for over a year, they know they might not get another offer soon. Give them the weekend, and try to view other properties yourself in case you need to walk away.

Original poster
cakesandphotos · 12/08/2016 13:59

I've told them firmly that £125k is our final offer. The house is on for £140k. Our deposit is stretched slightly past ideal anyway so we've decided not to go up anymore.

When I told the EA this, she started asking if we have our finances in place. I suspect she's going to emphasise to them that we're chain free and ready to go.

As far as looking at other houses? What other houses? Wink there's just that and a converted church up within budget and we've already ruled out the church. The downside of countryside living I suppose

OP posts:
DietCockBreak · 12/08/2016 14:32

Don't budge, he'd be mad to not accept 125 from chain-free buyers after a year on the market!

TurquoiseDress · 12/08/2016 15:00

Personally, I wouldn't up the offer at all.

If you go up by a few more thousand, they will just keep pushing for more.

As you say, you've stretched past your ideal now anyway.

Are there any other offers "on the table"? usually, there is at least one (according to the EA!) so that this can be used to pressure/scare you into offering more.

As others have said above, offer what you think it is worth and above all, afford what you can actually safely afford!

hellsbellsmelons · 12/08/2016 15:02

They like to make sure your mortgage is all approved and ready to go.
If it's not they would like that business as EA usually have a mortgage bit as well.

Original poster
cakesandphotos · 12/08/2016 15:55

So they accepted the offer!! So exciting and slightly scary!!

OP posts:
lazyarse123 · 12/08/2016 16:02

well done op. good luck with your new home.

Soon2bC · 12/08/2016 16:06

been watching this thread from the start just to find out how it ends Congratulations Cakes!!!!

hellsbellsmelons · 12/08/2016 16:17

Woohoo - so pleased for you.
Well done!
Enjoy your new home.
The stress is about to start but it will all be worth it.

boo2410 · 12/08/2016 16:22

Marvellous, a game of nerves and you won.WineWine

EnriqueTheRingBearingLizard · 12/08/2016 16:22

That's great news cakes and experience under your belt now about negotiating and holding your nerve.

Good luck with it all Flowers

RebootYourEngine · 12/08/2016 16:28

Congratulations. So glad you got the house Flowers

readingrainbow · 12/08/2016 18:33

Congratulations!

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