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Property/DIY

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Original poster

Your opinions please?

11 replies

starrychime · 23/11/2010 22:48

Been over on Moneysavingexpert but wondered what folk on here thought about this. House I like been on market since summer. Price dropped twice since then from 110k to currently offers over 99k. Wondered if I would have any chance at all with an offer of 95 or even lower to start with. Don't want to embarrass

OP posts:

doozle · 23/11/2010 22:51

How long ago did it drop to "offers over £99k"?

Original poster

starrychime · 23/11/2010 22:55

About a month ago.

OP posts:

doozle · 23/11/2010 23:04

Ok, so still not sold at that.

I'd go in at 93k or something like that and see what happens.

lalalonglegs · 24/11/2010 13:04

I wouldn't worry about the estate agent's reaction - they're obviously not doing a very good job at pricing this place otherwise it would have sold by now. "Offers over" (unless you are in Scotland) is asked more in the spirit of hope than expectation from what I can tell.

fruitstick · 24/11/2010 20:44

No estate agent is going to laugh in your face at the moment. Buyers are like hen's teeth.

I'd go at 92.

Innat · 24/11/2010 21:02

this could be our house!! we would accept 95 at this stage. at worst they will tell you the vendor wil only accept the asking price so you cn then consider if you think it's worth that.

Original poster

starrychime · 08/12/2010 15:59

Can I just resurrect this for a minute for opinions please! Put in a starting offer of 92 on my solicitors advice, was refused as expected, apparently they are looking for low 100s. Then put in offer of 95 which is my absolute limit. Solicitor said pretty sure it will be refused so he'd only call back if it was accepted. Didn't hear back so fair enough, expected this. This was couple of weeks ago. This morning vendor's EA phoned me and we went through what I'd offered, reitereated 95 absolute limit, he said there was another interested party but if that came to nothing he'd have a talk with the vendor and see what they wanted to do and he'd get back to me next week. Does this sound as if I might actually be in with a chance? Do you think the EA is trying to persuade the vendor to let it go at this low price as it's being on the market for a while?

OP posts:

notasize10yetbutoneday · 08/12/2010 16:07

Yes, absolutely. IME, for an estate agent to actually pick up the phoen and call you unprompted, rather than you having to harrass contact them means you are very much in with a chance.

Best of luck! Stay firm and don't go over what you can afford.

BlockedPoster · 08/12/2010 16:14

yyy you are in with a chance, but don't go up a bean, if the offer's accepted say you want them to stop marketing the property immediately and make sure you get a full survey - if for example there's an expensive problem lurking, use the survey to negotiate a further price drop.

And beware of the EA telling you you're in competition with another buying - the 'other buyer' may not exist, and it's just the EA's attempt at getting the price up a bit.

MyCatJeremy · 08/12/2010 16:16

he said there was another interested party

notasausage · 08/12/2010 19:32

We offered 50K less than asking just before the house market started to crash on an old lady house. Got accepted after another offer fell through. Be as cheeky as you dare - you can always up it a bit but once you've made that offer it's a bit more cheeky to drop it.

If you're prepared to gamble could try with a reasonable offer, then drop it £5k every month they don't accept

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