Question for sellers.

[FunSpunge]

If you were selling your house for say £600k and you had someone come and view your house, love it but then say

"we love your house but we can't afford your asking price, we can only afford 15% under asking. We appreciate you're unlikely to accept such a low offer but should your circumstances change and this offer is of any interest, we would appreciate your consideration"

Would you be offended?

Main I don't think its worth the asking but there is every likelihood they will get an offer more than we can afford at this time.
Having been looking for a property for the last 18mths and keeping a close eye on the local market, there is a very high chance they will have to reduce before they find a seller. Anything which is priced right sells within a couple of weeks everything else is having to be reduced multiple times before it sells.

Are you a proceedable buyer then OP, no property of your own to sell and a mortgage/cash funds in place?

Would not be offended at all, it's completely normal to make an offer below the asking price. You have nothing to lose.

@CotswoldStrife yes. We have a mortgage in principal in place and and ready to proceed but is that really worth 15% under asking

Well some people might be swayed by the thought of a quick sale. It's unfortunate that the property has only recently gone on the market, if it had been hanging around for a while then being a proceedable buyer with no chain would be very much in your favour. Well worth mentioning anyway, though.

So, It's on for 600 and you can afford 510. Depends if It's overvalued what their circa are, what your circs are.

We paid 18% less than our house was on for two years ago in a buoyant market. It had been on for five months, it is large but was tired and had one bathroom and one shower room - not nearly enough for its size. Generally just tired and needing a new kitchen/rewiring new heating.

The conversation went "We like it very much but for the following reasons x is out highest offer - it started at 20% off, we settled at 18%. We had fallen in love and would have and could have paid the asking price. potentially, It's a development site.

OK "We are under offer and our finance is in place - this is our agent so they can do due diligence. We wish you to advise we are offering £500 (x property sold to x, and y property sold for x - do your research). If they come back with a no - make your final offer of £510.

Just to for it , you are serious purchasers. They can only say no.

We recently offered significantly lower on a property. Yes it was refused but:

1. The house is completely overpriced. On the market since last September - no offers whatsoever during that period.
2. Owners had bought it only 4 years previously; the current price assumed a 30% increase in that valuation in the intervening period. No way have house prices moved that much in this village. We found the estate agent's details from when they purchased in a cached internet link and it turns out they offered the same amount off we were offering from their current sale price.

The house has recently been reduced.

DH and I assume they don't really care if they don't sell any time soon. Some people just won't accept that they've priced their property wrong.

That doesn't sound exactly the same situation here but I do think it's not cheeky to go in with a much lower price under certain circumstances.

See the place. Then make the offer. Don't give them a sob story. They won't care.

They will be more interested if you can complete faster etc.

What position are you in? Don't be shy with a lowball offer, just don't go in with a sob story ...

Go and view it. The time for a frank conversation with the agent is after you have seen it.

I'd be frank with the estate agents.

The seller's may NEED to achieve x amount for whatever they are doing. Or they may have massive wiggle room.

I've just sold a rental property and told the estate agent that there was nada point in showing people around who were going to offer under x amount as my mortgage outstanding is x amount. So if they knew someone was under budget it saved time wasting for everyone.