House has been on the market 4 months - can I make a cheeky offer?

[buttery81]

I recently viewed a house that I really, really like. It's on for £380k, was first listed for sale 4 months ago and from what I can see, the price hasn't been reduced since it was listed.

It's out of my price range ATM - the absolute most I can afford is £345k.

Do you think there's any chance I could get it for that price (considering it has been on the market for 4 months) and is it worth making an offer, or should I not even bother?

I would. As pp say, there is literally nothing to lose.

I think you should go for it.
I wouldn’t find it offensive at all. If they haven’t had any offers already, they might feel relieved. On our last house, we put it on at £395k, and ended up selling it for £310k!

On our last house, we put it on at £395k, and ended up selling it for £310k!

How long was it on the market for before you had an offer @Mintine?

@Openthecurtains45

You have nothing to lose OP.

I wish women wouldn’t worry so much about offending people. Most men wouldn’t think twice about making a cheeky offer.

Not all women worry about the same stuff. I wouldn't think twice about putting a low offer in. There is literally nothing to lose in putting in an offer, other than perhaps a couple of nights sleep!

Do it, my DB made an offer on house today £30k under the asking price (which was considerably lower than the price of the house you are looking at) - it was accepted immediately.

I don't think your offer is even particularly that cheeky - good luck, I hope it's accepted :)

buttery81 How long was it on the market for before you had an offer

It was on the market for 7 months, but by that point we had reduced it to £335k. The offered £300k and we negotiated to £310k. We weren’t happy, but wanted to sell at the end of the day. I think we had a crap estate agent, which didn’t help. He just said to me, do you want to sell this house or not?! Obviously we were asking too much, or it would have sold for more

I would offer what you can and say it as a percentage so 7% off asking price or whatever it is (I havent worked it out lol)

Also state some reasons, it's top of your budget, you need to replace X and X, also outline your positives such as FTB, AIP, no chain etc etc.

Good luck and let us know how you get on! Dont feel cheeky I think it is perfectly reasonable.

I think it will be too low, especially if they haven’t reduced in 4 months. They clearly have a price they want / need.

When we were selling someone offered £330k on our asking price of £385k. We rejected and then they wanted to come round with their builder friend (presumably to tell us everything “wrong” with our house ) We sold the day after for £375k.

So you can make a cheeky offer as is your right, but be prepared for the no as is the sellers right!

Aren't you going to view it before you offer?

Ah sorry, just seen you have viewed it. Ignore me!

When we bought our current house we first offered 15% lower than asking. No one ran away. They negotiated, we negotiated and settled at 8% below asking. No offer is out of limits. Start low and work your way up if you like.

Yes make an offer, if it's the max you can afford then make sure that's clear.

What type of position are you in, if you're chain free or have sold yours it's worth mentioning as a bargaining chip.

I once offered £300k on a £330k house and it was accepted. I was in rented accommodation with a mortgage offer on the table and we agreed an 8 week timeframe.

@PrismSpectrum

Do it anyway. Shy bairns get nowt. Maybe they're to proud to publicly reduce but would take an offer. If you don't try, you'll regret it.

This. I’ve seen a place on at 475, agent told me they’d take offers (so I’d think 450 maybe lower)

If they haven’t had another offer and want to sell you might get somewhere

Go in at 340 and go up

Try it! DH did with our first home together. It was initially up for £285k, then reduced to £265k. He went in at £220k and they accepted as they were desperate to sell due to relocating.

Offer a bit below, then you can increase once - do 340 initially and move to to 345

Depends where it is, cities have a shorter turnover time than more rural(especially now). Last big city I lived in 2 months was the time it took something to go stake, but the more rural small town we lived in before that was more like six months. Now we’re in a wee village snd it’s a year or more for reductions, although lately stuff has been selling in a day or two.

I've just got my new house14% off the original asking prices. Worth a shot! If it's the most you can go then you have got nothing to lose

You may also be an attractive buyer.