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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

Low offer

9 replies

Allaboutthis · 17/03/2023 04:45

We’re interested in a house on the market. Viewed it nine months ago and decided it was overpriced and didn’t offer. Since then the asking price has dropped four times and now is 85k less than it was originally in the summer. We’re going to view it again, but AIBU or a cf if we offer 10% below new asking price? For info it was originally priced at £684,000 and now £599,000.

OP posts:
Autienotnautie · 17/03/2023 04:49

I would if they refuse you can up your offer or they may counter offer. Given it hasn't sold it was obviously overpriced.

Wildspace · 17/03/2023 05:09

That’s not unusual- worse thing is they say no but you’ll get an idea of whether they would be happy to negotiate.

GoodChat · 17/03/2023 05:16

Do you have justification for why you're offering that amount?

pussycatinfluffyslippers · 17/03/2023 05:55

Go for it. You've got nothing to lose.

Original poster
Allaboutthis · 17/03/2023 06:55

Yes. There’s a few things that need doing in the house and we’re also in a good position to proceed with the purchase. Also, to be honest, it’s a buyers market.

OP posts:
GoodChat · 17/03/2023 06:58

Allaboutthis · 17/03/2023 06:55

Yes. There’s a few things that need doing in the house and we’re also in a good position to proceed with the purchase. Also, to be honest, it’s a buyers market.

But is it not already priced to accommodate those thing that's need doing?

If you can justify the offer with figures the worst they can do is say no.

Anyotherdude · 17/03/2023 07:58

It’s always worth making an offer: OP, have a look on YouTube at a Kirsty and Phil programme where they put the offers in on behalf of their buyers - they are always so polite and leave room for negotiation that often they are able to secure a property by quite a small increase to their original offer and without offending the vendor…

pd339 · 17/03/2023 08:00

You don't need to justify your offer - just do it. House prices are made up anyway!

Thisismeyeah · 17/03/2023 08:09

A house is only worth what someone is prepared to pay not what an estate agent overestimates it at to get the seller on their books.

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