Aaargh! We had an offer after 3 days

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Put our house on the market on Saturday for £119,950. First time buyers viewed Sunday, offered £114 today, we said no, they said ok £115 but no more as that is as high as they can go (even though they were looking at a £130k house the day before ours!). They have given us until tomorrow to think about it and then they are apparently putting an offer on another property. This has all come through a mortgage advisor who we went to for advice and who works together with the estate agent we are using and she is probably doing the buyers mortgage too now. My DH is not at all keen to accept. I am. Really don't want to lose the buyers. WWYD?

I would accept - maybe you could get a bit more out of them by discussing fixtures/fittings at this stage? Will 115 allow you to move where you want - also remember you can recoup some of the money by offering lower on the property you buy.

Accept it. First time buyers.. yay!

That's a decent offer in a good time frame. I would accept it.

In this market you don't usually get asking price. What were you expecting to get for the house? Honestly, I would probably assume that you expected £115k from an asking price of £120k, go in at £110k then offer the £115k as a compromise.

Similarly I would expect to pay around £185k/£190k for a house on for £200k. Obviously if a house has been on for longer I might make a cheesy offer, or offer less if it just isn't worth the money.

If you only wanted over £120k you should have said offers over or put it on for more.

Take it . A this time of year property is hard to sell so in turn you could negotiate your purchase price. Once you know what you are buying you may be able to sell some of your surplus appliances

(Also, nothing wrong with looking at £130k houses with a £115k budget, IMO! Doesn't mean they can stretch to that and whatever else they've looked at is none of your business. You don't know their variables so don't try to second-guess them.)

With the housing market the way it is right now, i would bite their hands off, quick!

Jesus, you're getting over 95% of asking! Why oh why haven't you bitten their hands off before they find something else??

I sold a place last June. I'd originally listed it 15 months prior. I had an offer within the first couple of weeks and turned it down ("if I get an offer like that this quickly, I'm bound to get more waiting a bit"). It took me a year to get another offer of the same amount!

Take it!

If we had accepted our slightly lower offer we would not have wasted 4 months and landed in the middle of the credit crunch starting! We ended up losing the house we had offered on and are stuck in our smaller house all for the sake of £5000... You never know what the next 6 months have in store...there may not be a better offer. Ours was after 8 days on the market and the next after then was 4 months later and £2500 less

Btw, as others have said the fact they've looked at houses for 130k is utterly irrelevant. I look at houses from 500-700. That doesn't mean that if I find a nice 500k house I'm going to offer asking - I'll offer what I think it's worth of course!

I would take it. People generally don't expect to pay the full asking price. If you need the asking price for it then you should put it up for more really.

Yep - bite ther hands off. First time Byers are worth a mint because you are one end of a chain, less opportunity for delays or the sale going tits up due to your buyer having to sell etc.

Yey!!!!!! Congratulations!!

"Their" hands.

We have just accepted an offer on my late mum's house. It was on for 200k, they offered 175, we said no. They came back with 180, we said 185, we have sold for 182. That's what we expected with our asking price.

Good luck in your new home xx

Thanks all. DH should be home from work soon. I think he thinks someone will magically come along in a couple of weeks time and pay £117. I don't. I really want to accept so will sit him down for a talk!! May show him this thread too. Most of our RL friends say take it too.

I think the level of the offer is good. The only thing that would make me nervous is that they don't seem completely sold on your house if they are prepared to offer on another. They might offer anyway and play you off against one another, or they might keep looking. Queer fish FTBs

Oh yes take it. What if no-one else offers for months (it's coming up to Christmas and people don't want to move) and you'll be sitting there thinking "we didn't accept for the sake of £2k ... £2k ... grrrrr"

Take it or you might regret it.

You'd be nuts to not accept that imo.

I'd take it.
The prices of other houses they look at is irrelevant.

First time we bought DH and I made the mistake of looking at flats out of our budget. Consequently those in our budget looked far worse

Second time around we didn't make that mistake!

but some people do price their houses ridiculously so we did visit some slightly out of our range only to discover it was worth what was in our range (and our negociated offer was accepted)

We accepted

Yey!!!!!! Happy New Home.

Have you found anywhere yet?

Think so, just have to finalise the finances

Brilliant!! Good luck!

Well done! Good luck hope it all works out for you.