AIBU to think low house offers are always worth making?

[coulditbeme2323]

Why do low house offers annoy Mumsnetters so much?

Surely a cheeky offer is always wort it.

But even "less" still means the best offer on the table.

And that they may be desperate to sell. I wonder what your agent is telling people about you?

If they are desperate to sell then you are using privileged information to rip them off.

Just because it’s the current best offer doesn’t mean they aren’t being robbed blind

Probably that they have checked us out, and we are procedable.

Then they can say no!

If they are really doing that, the agents should be reported. They are working for the seller not the buyer.

Agents care about commission, this is choppy waters for agent - and it doesn't look to be turning a corner anytime soon.

It really depends on the circumstances.
If I was selling a house and had a lot of interest I would dismiss the low offer immediately not consider it again but concentrate on the higher offers. If my house had been on sale for a long time with little interest I would consider low offer and go back with a counter offer.
It also all depends how much you want the house and how much you can afford .
If you really want the house and offer a lot less than you can afford and what it's worth you are taking a gamble that you will lose the house

Your question was are low ball offers ALWAYS worth making. There are plenty of us who have replied saying no, not always and have given concrete real life examples why we disagree. I'm not entirely sure what the point of this post but I suspect that you might be bored and/or have been challenged as to your low-ball starting point. Happily there are plenty of fish in the sea - buyers and vendors - to suit us all

They actually work for themselves before they work for the seller.

And they should put the seller's interest first.

Not if they are desperate and you are taking advantage of that through information you shouldn’t be acquiring.

It’s dodgy (if not fraudulent) behaviour. If an offer is made in good faith then fine. But you are basically looking to gouge prices down only for people who are in some ways desperate.

It's a simple ethos really. Sellers want the best price, buyers want a bargain. There's nothing unethical about any of it.

There is an ethical question if they are passing confidential information on to a third party. I do hope they are doing full disclosure to the sellers so that they are aware that the agent is encouraging people to make stupid low offers

But you are going around in circles.

If they "have" to sell and the best offer on the table is from us - then I can't think of anything morally wrong.

Common sense.

Apparently under property regulations, agents act for the seller. They can reveal the seller’s urgency—such as if they have already bought another house, are going through a divorce, or need a quick completion—if the seller authorizes them to do so.

If not then they are breaking the rules.

😂

Of course you can’t. So why ask?

Again though how is that exploitation? Leaving aside legality and friendship. They evidently consider themselves to be better off selling for a lower price than the alternative, or they wouldn't do it.

We put an offer in 40k under asking, it had been on the market over a year, not moving, we was then invited round by the lovely elderly couple for a coffee, we then mutually negotiated to 30k under asking, I type this in the garden of that house !

It’s fine if you think having a shit agent is hilarious as it helps you get your bargains.

If they are passing info without permission and someone finds out, they won’t be doing it for long

My estate agent was being more driven by the buyer. He cost me a sale and I ended up reporting him. What a surprise, nothing came of it. I had a gut feeling about my buyer after I'd accepted his offer above the asking price. This was during the back end of covid though, when it was a seller's market. I should have gone with the young first time buyer girl who viewed with her father. Her offer was for just under the asking price. A lesson learned.

More common sense.

One of the main questions I asked when house hunting was the reason for selling