Sensible offer?

[user1487797255]

We've found a house we like. It's been on the market for nearly a couple of years on and off - with no reduction in price. It's £600k. We can't stretch to that even with a big mortgage.

The estate agent said recently the sellers would consider "a sensible offer". What would you consider sensible? Where would be a good place to start? The sellers don't seem in a hurry to move so I'm not anticipating they will drop by much. We don't want to be cheeky but we need to be realistic about what we can afford.

There's so much in the news about possible drops in house prices that I'm wondering if we should wait till November. We don't have to move imminently but we really like the house and would like to get going on the process soon.

What do you think? Thanks in advance.

Do you have a link? Impossible to say without any info on the property and market.

Ask the agent if the sellers have had any previous offers (successful or not) that will give you an idea of where to start

Can you show us the house? It's hard to say with no context

What's a sensible offer for you? What could you stretch to without a big mortgage?

If they have been on and off for 2 years at 600k then sensible to them is probably 595k.
I wouldnt waste my time.
What is the max you can pay for it. I can almost certainly predict they will be wanting very close to asking

Thanks for all the comments. I had thought so. I guess we can only have a go and see what they say.

I'm another vote for don't even bother wasting your time, they're obviously just greedy and deluded to have it on, off, on for 2 years always at the same price.

I would offer my honest maximum that you could afford in terms of mortgage, any work that you want to do on it and leaving yourself comfortable financially at the end of each month.
If they don't accept that then it clearly isn't meant to be and the real dream home will be somewhere else xxx

Be cheeky.
What have you got to lose?
Go with a figure your comfortable with and then if they say no move on. If it's not sold in two years there's either something wrong with the property or it's way over priced.