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Original poster

Would I be taking the P** to offer this amount?

17 replies

MagersfonteinLugg · 09/04/2015 22:32

Have seen a house up for sale since last October priced at £249,950.
I needs a lot of cosmetic work, such as new carpets throughout, new kitchen, new gas fires, radiators, paint and wallpaper, etc.
However, it is in a very desirable street with a large driveway, workshop, garage, summerhouse and two gated driveways.
Its empty so owners moved out a while ago so could they be desperate for a sale?
Am considering offering £210,000. Is that too cheeky considering the work that needs doing?
also this would be pretty much my limit as any extra would need to go on decoration, etc.

OP posts:
Hassled · 09/04/2015 22:33

It has to be worth a shot, I'd have thought. Does it matter if it's cheeky? Good luck!

HelenF350 · 09/04/2015 22:34

If you don't ask, you don't get.

Pradaqueen · 09/04/2015 22:35

I think make the offer you can afford only if you are in a strong position I.e you can proceed quickly or have another reason for the vendor to accept the offer. If you are in a good position I say go for it! Good luck

Original poster
MagersfonteinLugg · 09/04/2015 22:42

Seriously though, if it was your house on the market, would you be offended or realistic?

OP posts:
Davinaaddict · 09/04/2015 22:48

Given what I saw here www.dailymail.co.uk/money/mortgageshome/article-3030410/Estate-agents-intentionally-overvaluing-homes-sellers-ask-74k-property-worth.html

I'd say, go for it! (Sorry for DM link)

hereandtherex · 10/04/2015 07:05

Depends where it is.

Even 'hot' localities are bumping along at a fraction of the number of transactions that you'd see in a normal market.

My home area - not just one town - its not unusual to see houses that have been kicking around for 5 years. Christ, there's a couple that have been on since 2008 FFS!

Some sit around at the same price for years - waiting for a lottery winner. Some have had 30% knocked off.

God knows what someone is thinking when a house has been on the market for ore than 18 months. Even without a mortgage, a house still sucks up cash.

18yearstooold · 10/04/2015 07:13

When I bought my house it was on for 130 and I bought it for 102

It had been on the market for a year

We put the offer in at Christmas -they said no

It was still on at Easter so I rang up again, put the same offer of 100 to them, they talked us up to 102 and we exchanged 6 weeks later

The big difference was they had found a house and needed the equity -always worth a cheeky offer

SolomanDaisy · 10/04/2015 07:44

If that's your maximum, then there's no point in not giving it a try! I think it's probably a bigger reduction than they'll be expecting but you don't know their situation, they may need to accept it.

Onetwothreeoops · 10/04/2015 07:47

Asking prices here are completely detached from actual sale prices. Can you check to see what similar properties have actually sold for recently? Your offer might well be more realistic than you think.

TheEmpressofBlandings · 10/04/2015 07:51

If that's your maximum, I'd offer 205 first, so you can then up it to 210. I always expect a first offer to be turned down, so you've got to leave yourself somewhere to go.
As a pp said, if you are in a good position, make a point of that. We've just agreed a price on a house that was £35k less than asking price, but we're chain free and ready to move so that makes a cheeky offer from us much more desirable than a higher offer from someone who has something to sell.

Original poster
MagersfonteinLugg · 10/04/2015 08:32

Have looked at other houses on the same street but its a mixture of detached and semis but majority are only 3 bed traditional 1930s style whereas this one is an extended modern dormer bungalow.
Am in a good position as sold present home and they are pushing for a fast sale as first time buyers so no chain.
On the other hand I can't waste time with offers and counter offers as I need to move out quickly.

OP posts:
RitaOrange · 10/04/2015 08:35

Go for it !

Agree with 205 - upping to 210.

TheEmpressofBlandings · 10/04/2015 18:44

Any luck OP? Did you offer?

LL0015 · 10/04/2015 19:40

Where I am, it's the opposite situation. Nobody offers under. Dozens of offers over.
Houses sold in hours.
Strange isn't it.

Good luck

Original poster
MagersfonteinLugg · 11/04/2015 21:06

Well I made the offer.
Lets just say it did not go down well.
Think I'm going to have to let this one go. It could be made into a fantastic home but I can't stretch that farHmm
Have another one to look at tomorrow but its not really grabbing me yet.

OP posts:
LL0015 · 11/04/2015 21:28

Sorry to hear that OP

Chin up and onwards

TheEmpressofBlandings · 11/04/2015 21:32

Ah well, it was worth a try. You never know, they may even reconsider if they don't get more interest, we had an agent call us months after making a cheeky offer which had been rejected to see if we were still interested.
Keep looking, the right one will be out there somewhere.

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