Is this offer an insult?

[Tigergrey]

Hi all,

I posted a week or so ago that our house has just gone on the market and was worried we'd get no viewers/offers. Well, we have so far only had 2 viewers, the first could only afford 10 grand under the asking price so didn't offer at all, the second viewer (who spent over an hour viewing the property!!) has just offered...

13 grand under the asking price.

This feels a bit like an insult - am I right to feel that way?! That's under what we paid for the property 5 years ago and we have made improvements since then.

Part of me is mad at our estate agents for not correctly vetting these guys in the first place, they told us that under Covid rules the only people allowed to view would be people who passed affordability checks.

I'm a bit flabbergasted, we've never sold a house before - is this usual potential buyer behaviour?

my last house I paid £75k below asking and the sellers were lovely about it.

Round my way no one is paying asking, but if that is the case round your way it means you may well not pay asking either. Chat to your EA, you may be avle to afford the detached if they're going for under asking.

Unless it is my perfect house and I must have it, my starting point would always be an offer under asking, probably by around 10%.

What you paid is irrelevant, buyers are not obliged to match your purchase price.

sold recently buyer offered almost 20% over asking price.
to be honest i was concerned not excited how crazy the offers were coming.
it could go either way, sellers need to grow thick skin when it comes to property selling.

I think if your margins are that slim then perhaps you shouldn't be moving at this moment. You can get quite a way through the sale and buyers start messing about wanting money off as ours did. We could afford it and really wanted to move but it's risky.