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Original poster

Cheekiest offer?

15 replies

Notmorewashing · 13/04/2018 21:42

Had an offer 60k below asking, nothing wrong with house just more down to personal taste. Counter offer or tell buyer to FO?

OP posts:
Bringmewineandcake · 13/04/2018 21:42

Depends how much the house is on for...

sdaisy26 · 14/04/2018 06:44

No one makes their best & only offer straight away so you might as well go back to them & see how much closer to asking they'll go. And decide what you're prepared to sell for.

Twickerhun · 14/04/2018 06:46

We had an offer of 75k under, we just said a flat no. Waited to see if they came back with something more reasonable - no messing

Cheekyandfreaky · 14/04/2018 07:02

I think it depends. There are cheeky offers by buyers and sellers. I know people who have insisted on marketing their properties at certain prices because of how much they have paid, work on the property etc even though the market has changed. These sane people do them talk about people making them cheeky offers, but surely a property is worth what someone is willing to pay for it?

Not saying that’s what you’re doing OP. I just think people get weird on both sides.

Cheekyandfreaky · 14/04/2018 07:03

same

then talk

Stupid, tired fingers!

GETTINGLIKEMYMOTHER · 14/04/2018 10:47

How cheeky that is will depend entirely on the asking price.
Unless the local market is very buoyant I wouldn't call an offer - certainly a first offer - of 10% below asking cheeky - just normal.

Vendors/estate agents often price at a certain percentage above what they hope to get anyway.

Pannacott · 14/04/2018 11:28

We offered 45k under the asking price. It was overpriced, had been on the market for nearly a year. We went back and forth, paid 12k over original offer in the end.

namechangedtoday15 · 14/04/2018 11:52

Personally I'd instruct the EA to tell them "I've put that offer to the vendors but they've told me it's not even worthy of a response. Just to make the vendors position clear,, I'ven authorised to immediately reject any further offers from you unless they're more than £X. That's the lowest point at which they'll open negotiations. If you're not willing to come up to that level then are there are other properties you want to arrange viewings for?"

Original poster
Notmorewashing · 14/04/2018 11:53

Listed for 360k

I don’t mind lower offers just it’s quite a lot lower, nothing needs doing to the house.

OP posts:
CannaeBeErsed · 14/04/2018 12:26

My mum was selling her house many years ago. A lovely semi-detached for offers over £33K. She needed a quick sale so it was already massively under the recommended price. Neighbouring Identical homes on the same street were selling for substantially more but she wanted rid.

A viewer, just days after it had been advertised had a look and said, "I'll give you £15K for it. CASH!"
EA said she would tell my mum of the offer but also said that she was confident that it would be a no thank you. "But its's CASH! Right in her hand at once!" He insisted.

I don't think he realised that mortgages aren't paid to the seller in monthly payments and she would have a minimum of £33k in her bank as soon as it sold to anyone. Eejit.

GinUnicorn · 14/04/2018 12:29

I think 10% is reasonable but in this case they are a lot under that. Maybe flat reject until they come back with something nearer

MacaroniPenguin · 14/04/2018 13:21

Just say no thank you, politely. No need to counter offer, be belligerent about it or take offence. They'll come back if think it's worth more.

I think cheeky is right, sometimes a very low offer is because the house is overpriced, but then sometimes it's just a cheeky offer. There's one agent round here who overprices massively and I'd consider a 60k under offer for one of theirs to be overpaying! But unless you are marketing at really high end of the valuations you received, you should be ok.

OnePotato · 14/04/2018 22:08

I offered a first and final offer of 50k below asking on a Victorian detached recently and was told no. No offence on either side. Why would there be? Not for me above that price so some people do offer their best and final offer at the outset. I’d costed the work I would want to do and told them so.

I then also offered £75k below asking on another house and they negotiated back. Agreed on £65k below. I had to pull out on that as survey picked up something I wouldn’t risk but it would have proceeded otherwise.

One I’ve just bought I got a £40k reduction on (about 7%). No way in the world they would have gone lower.

You have every right to say no, say yes, negotiate, counter offer or whatever you like but no need for offence. Just be clear, firm and friendly.

MonkeyPoke · 14/04/2018 22:11

The worst you can say is no. Are you desperate to sell?

Our buyer offered £10k under and we met in the middle at £5k

PaintedHorizons · 17/04/2018 22:18

Just been offered £125 k under asking - it's ridiculous. I was priced low as it is. However , if no-one likes the house I don't know what I can do

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