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Property/DIY

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Original poster

Only one offer

20 replies

offersoverr · 12/01/2022 19:17

We put our beautiful house on the market about six months ago. We’ve had interest, but only very low offers, so have reduced the price.

Since then we’ve only had one offer, at 95% of the asking price.

It’s a real one-off house so there aren’t many comparable properties in the area, but there are a couple of houses which have sold very well despite being on a less desirable road.

Should we just wait for the right buyer? Or go back to the people who offered and try to negotiate?

OP posts:

Robin233 · 12/01/2022 19:18

We need pictures please

CurtailingChaos · 12/01/2022 19:20

A one off house in what way?
In the way that it would cost the buyer £££ to make into an average house that they could live in?

Do you want to be brave and post a link?
Others have had lost of suggestions as to the reasons for their houses not selling when they’ve posted links.

Original poster

offersoverr · 12/01/2022 19:22

Too identifying, sorry. The house is immaculate and dressed to sell, but very individual and I think people maybe want something more conventional.

OP posts:

Tibtab · 12/01/2022 19:24

Very individual houses can suffer from being to the current owners’ taste. Houses that aren’t selling are due to price. Round here, houses are going quickly.

nearlychristmas21 · 12/01/2022 19:25

What happened with the offer near asking price?

Original poster

offersoverr · 12/01/2022 19:28

@nearlychristmas21

What happened with the offer near asking price?

We turned it down. DH thought we should hold out for more.

OP posts:

Flowers500 · 12/01/2022 19:35

It's really impossible to tell from these details. "One off" can mean stunning period home that needs someone with a certain kind of interest to appreciate, or it could mean hideous tacky sex den that puts everyone off.

Original poster

offersoverr · 12/01/2022 19:41

Sorry for being cryptic.
Basically I think we should have accepted the offer but DH thinks we’re giving it away!
(Tasteful period home rather than a sex den for the record!!)

OP posts:

lastqueenofscotland · 12/01/2022 20:20

Honestly it’s price. The market in most places is mad and stuff is flying off.
I love period but a lot of people love it to look at but find it hard to live in - harder to heat etc.
Is it listed?

Mildura · 12/01/2022 20:42

The market almost always finds the level.

A house will only be worth what a buyer is willing to pay, individual or not.

Didiusfalco · 12/01/2022 20:47

95% doesn’t actually sound that bad. If you’re not inundated with offers it would suggest a below asking price offer is reasonable. I think this is why houses can sit on the market for ages - vendors get an idea of the price they want and won’t flex to a realistic one.

rainbowplease · 12/01/2022 20:50

Did you not counter offer at all?

Medstudent12 · 12/01/2022 20:56

It’s overpriced. We’re trying to buy. Anything decent and fairly priced is going to best and final offers. Often going way over asking.

Exasperatedhousehunter · 12/01/2022 21:17

I'm also surprised it hasn't gone. Can you say how much it's on for, how many bedrooms etc? I'd day that 95% of asking price is pretty good and I'd snap it up if I were you. Can you go back to them? Where I am looking, the oldest stuff on Rightmove is only about 3 months old and is really rubbish. Everything else goes almost immediately. It's a sellers market so something is wrong if it has been there that long.

whyohwhyohwhyohwhywhy · 12/01/2022 21:30

Did you get three quotes? How do they compare with what you put it on for?

How keen / desperate are you to sell?

I think it is a bit bonkers to turn down at 95% offer on principle, but we only put our house on when we were keen to sell. I understand others do it speculatively

BigotSpigot · 12/01/2022 22:06

If it is unusual you will take longer to sell as you really have to wait for the right buyer to come along. I have brought and sold houses like this and definitely expect my current house will be on the market for some time when we come to sell but it will work very well for someone. It really depends how quickly you need to sell as if you don't want to/can't wait you need to lower the price, or accept lower offers.

Lou98 · 12/01/2022 22:13

To be honest, I think it's a bit silly to turn down a 95% offer when it's been on for 6 months and it's the only decent offer you've had.

If you're not in a rush to move then you may eventually get what you want for it but I think a lot of people will look and see that it's been on for 6 months and try offer low.
The houses round us are all selling within weeks for well over the asking price, it would personally put me off a bit if it had been on for 6+ months as id wonder what was wrong with it

Africa2go · 12/01/2022 22:47

I agree with a pp, things are going to best and final within days here (desirable, family homes). Do you have a trusted friend / relative who can give you an objective view? I think most people are guilty of thinking they have good taste or that "individual" is good, but its not always the case.

Starseeking · 12/01/2022 22:51

When I first started looking about 8 months ago, there was a house on for £735k, which I looked at even though my top budget was £700k. On viewing, it was really a 2.5 bedroom house rather than 3 bedrooms, with an unusual layout. I offered £670k on the basis that I would spend the extra creating more space, which was laughed at. Since then, the vendor has moved agent twice, and reduced the price 3 times, finally stopping at £675k before taking it off the market entirely at Christmas. I bet he's wishing he accepted my £670k (99% of final asking) now! I'm now edging towards completion on another property, so couldn't re-offer even if he asked.

It sounds like you need to move agents, get new pictures taken to appear fresher, reduce your current price by 3-5%, or whatever to takes to move down a category on Rightmove, so that you appeal to a new audience of hungry buyers.

Annabelle69 · 12/01/2022 22:54

A house is worth what someone will offer to pay for it. No one has offered to pay your asking price. You've had one offer, in 6 months, at 95% of asking price and you've turned it down. I am willing to bet the next offer you get will be even less. Buyers will see how long your house has been on the market and price it down accordingly.

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