Should we accept this offer?

[bluejelly]

House has been on the market for 4 weeks at £450k. Had one cheeky offer of £400, which we declined. New offer from new people of £420. Seems decent and I'm inclined to accept, but partner unsure.
I fear we won't get a better offer and with a Boris no deal Brexit looming -should we go for it?
(Nb we need the money for a new house)

How does it compare to other properties?
What's the minimum you need to make your move viable?
If you turn it down are you happy to be waiting 6 months later?

I'd go back saying 435 and see if they'll meet you in the middle.

Get the agent to do their job and negotiate that price higher

That seems like a good offer but I'm cautious and always think of a bird in hand and all that. Perhaps squeeze them for an extra £5K?

What have others sold for on the road?

You need a good agent. Our vendors agent negotiated so hard to close the sale when neither party wanted to budge

If that's the first offer don't accept, go back with maybe 440 and meet in the middle at 430?

Thanks everyone.
We took the offer. They said it was their 'best and final' and they weren't in a chain.
A very similar house (but less well done out) down the road recently sold for 395 so I don't feel we were robbed. There's also a fair amount locally on the market for OIEO £400k.
Fingers crossed it all works out!

NB their first offer was £415. We could probably have haggled hard to get £425. But i didn't see the point for the sake of £5k. I'm probably too soft/cautious

Houses are worth what people are prepared to pay/accept. That’s the market. Sounds like you made the right choice for you.

For future moves, do bear in mind that “best and final” is a meaningless term buyers use to get you to accept their offer. Last time we sold a property, our buyer told us THREE times this was their best and final offer but raised it every time.

Thank you escapade - and that's really good to know. I am definitely too cautious for this game! I was rather terrified we wouldn't be able to sell so I definitely blinked first!

A good buyer is worth around £5k less! You didn’t blink first. If there is lots of choice, they can easily go elsewhere. It’s a buyer’s market. You did the right thing. Others in your shoes might have bitten the buyer’s hand off for a sale! It’s great you have sold and the buyer didn’t walk away.

Aw thanks @BubblesBuddy that makes me feel a lot better!