Active discussions

Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Talk
Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Original poster

Would this offer be cheeky?

26 replies

upsideyerelephant · 10/03/2019 13:32

I've seen a house I love. It's been on the market about six months and was reduced to £265000 in Jan.

Would an offer if £240000 be cheeky? A very similar house on that street sold for £220000 in December?

Would I be wasting my time? Not linking to the house for obvious reasons, sorry about that.

Any thought appreciated.

OP posts:
Wakk · 10/03/2019 13:38

No harm in asking.

Original poster
upsideyerelephant · 10/03/2019 13:50

Just wondering if I'd be completely wasting my time. Totally sick of house hunting you see

OP posts:
Knittedfairies · 10/03/2019 13:53

Cheeky or not, you won't know if you don't ask.

Getitdonet · 10/03/2019 15:36

Short ans Certainly not. You clearly tjink that is what it is worth so go for it. Set a max limit you will go if the reject or cone with a counter offer. Do your hm wk re the area/street. If indeed the other sold property is comparable you would be silly offering too much unless it was a dream property. Good luck!

tilder · 10/03/2019 15:41

Not cheeky at all. The price is an asking price. You don't have to pay it. They may not like your offer and they don't have to accept it.

The estate agent will probably be shitty. Ime, they always are as it is in their interest to sell houses for the maximum possible.

Having said that, in the current market I would not pay more for a house than a similar one on the same street sold for 3 months ago. The house you are looking at needs to be significantly better than that one to command a higher price. E.g. position, garden, condition etc.

DramaAlpaca · 10/03/2019 15:42

If you don't try, you'll never know. Good luck.

jiggsymalone · 10/03/2019 15:49

When we bought our house it had been reduced to £240000. We loved the house but it was out our price range. We put in an offer of £220000 but we told the seller that we knew it was below what they were looking for and we hoped they wouldn't be offended or find it cheeky but it was just the max we could afford so we wanted to try. They knocked the offer back at first but said they appreciated our comments, a month later they contacted us to say that we could have it for that price if we were still interested. Have been living there 3 years now. It's always worth a try.

HeavyLocks · 10/03/2019 15:50

Worth offering. Good luck 🤞

donquixotedelamancha · 10/03/2019 15:58

A very similar house on that street sold for £220000 in December?

240 seems steep in that context, are you sure it's worth that?

We got our house for 210. It was on for offers over 235, down from 260 over 2 years. The owner had been offered 210 to 220 many times but was deluded about the value.

Don't pay more than it's worth just because the current owner wants you to.

Original poster
upsideyerelephant · 10/03/2019 19:51

Think I'm more worried about offending the sellers to be honest.

OP posts:
Bayleyf · 10/03/2019 20:49

When you're dealing with hundreds of thousands of pounds, there are many more important things to worry about than offending the seller!

Agree with PP that a much lower sale price down the street would make me worry that even 240 is over paying.

Can you find out other prices for similar houses in the area and see when you think it's really worth?

Also check how long it's been on for. If it's been hanging about for a while (which it could be, if it's over priced), they might jump at an offer.

jemihap · 11/03/2019 05:20

If a comparable house sold for £220k in December then £240k is far too much for this one.

Alexalee · 11/03/2019 09:15

Offer 220k... that sounds like what it's worth. 240k sounds too much

PazRaz10 · 11/03/2019 09:32

Don't worry about offending the sellers - the house is only worth what someone is prepared to pay for it. If they say no, you can easily offer more if you feel that is right or you can walk away.

RogueV · 11/03/2019 09:33

Not cheeky... I’d offer even lower

HeavyLocks · 11/03/2019 19:56

Have you made an offer yet? Did they say yes? I'm interested in what they say. Grin

Original poster
upsideyerelephant · 11/03/2019 20:55

Will update when I hear. Wish me luck!

OP posts:
Alexalee · 11/03/2019 21:33

What did you offer?

Original poster
upsideyerelephant · 11/03/2019 21:34

£225,000

OP posts:
HeavyLocks · 12/03/2019 11:44

Eeek! Fingers crossed 🤞

ajandjjmum · 12/03/2019 11:49

I think that what jiggsymalone did was ideal. Phrased it in such a way that the vendors cannot take offence, and just be bloody minded with you.

Good luck!

WeCouldBeHerons · 12/03/2019 20:08

Did you hear back @upsideyerelephant?

Original poster
upsideyerelephant · 14/03/2019 13:15

EA doesn't want us to increase it before putting it to vendors.

OP posts:
Alexalee · 14/03/2019 13:43

So have they put the offer forward or not? I thought you made the offer days ago

Original poster
upsideyerelephant · 14/03/2019 13:55

No they haven't put the offer through. Took two days to get a reply from them.

This estate agent is notoriously shit and I've refused to even look at any of their houses until now- this is reminding me why!

OP posts:
Please create an account

To comment on this thread you need to create a Mumsnet account.

Join Mumsnet Log In

This thread is closed and is no longer accepting replies. Click here to start a new thread.