first time house sellers, would you accept a lower offer from serious, immediate buyers?

[Gemzooks]

I inherited a house, and there is someone really interested in buying it. However, they will not go higher than 15,000 lower than our ideal price. The house needs quite a lot doing to it, and we are keen to sell because worried about the fall in the house market..
any advice very welcome!

The question is would you be happy with the lower offer? Have you had a lot of interest in the house? Has it been on the market for long? Are you the only person involved or do you have to make the decision with siblings? Have you been watching the housing market in your area? Are house prices falling sharply?

When in a similar situation dh and his ds decided to take a lower offer and were glad in the end because the sale went through quite quickly.

What is the offer in percentage terms? If it's 10% or less, I think I would take the money and run. We have just been in this position, although we were lucky only to have to drop 6%. We were terrified the buyers might gazunder last minute but, amazingly, they didn't. With an inheritance, any profit is a bonus really and what was the "ideal" price based on? And how long has it been on the market? That might make a difference to your thinking.

thanks for replies!

Hasn't been on the market at all yet, they are private buyers.. The offer is 5% below what we would really like to sell for..

in the current climate I'd prob take it.
have you had much interest? If lots of interest then maybe you can wait for better...

Could you go back to them and say this is what its valued at and this is what we want if you can proceed quickly?

Its difficult to be a tough negotiator but they're unlikely to withdraw their first offer if you go in and state we'll sell now for 'x'

oh in that case no I'd get it on open Market and invite them to offer again. If they reallyvwanr it they'll offer more

Yes. It depends on whether you want to use your inheritance on somethng specific, but to avoid dealing with dreadful estate agents and in view of the fact that the market is going to go down further, I'd take the money and run.

With estate agents charging 1-2.5% sale fees in comission for doing half of FA, I'd really just get the money and run.