Would you accept... In a sellers market AIBU?

[Fuuuuuckit]

Selling my late mum's house, still reeling from the shock and loss. Her house is recently up for sale, LOTS of interest, have an insane number of viewings scheduled, bit of an anomaly due to slightly wierd location means it is up for about £30k less than similar houses in the area. Flyers through almost daily from estate agents touting for business. Most properties (including this one) going at 'offers over', so actually expecting such.

First buyer comes today. Is also selling locally, with same agent, so knows the local market and no doubt keen to maximise his own sale price. Before he's even been upstairs, asks if I will consider a reduction in the price.

AIBU to think he's a CF for suggesting a lower offer before he's even seen upstairs?

I don't think it's cheeky but just say no!

No, don't think it's cheeky.
But if it has annoyed you, just don't do business with him.

Not cheeky at all and I'm not sure why you're linking it to him having not seen the upstairs? People can view as much or as little of a property as they want before making an offer. If you're not interested just say no thanks 🤷🏻‍♀️

"No thanks, we've had plenty of interest so expect to go above asking."

Its not the same thing but I sold a car once and a chap rocks up and offered us half gor cash there and then my ex husband was going to say yes I said no of course not he got aggravated and left tried buying it the following day but I had already sold it to someone else for the price I wanted

Point is in a sellers market you can and should say no

He’d be at the bottom of my list after that. If he wasn’t local he may have had a pass. We’re selling my Grandad’s where my Dad lived until he died and have been led to believe it is likely to have lots of interest- down the road has just had 19 offers allegedly.

So sorry for your loss 💐Absolutely shit isn’t it, I think I am still in shock.

I would ask him to put his offer in and then tell him you will let him know given much interest.

Ultimately, it is a business transaction.
No-one is a cf for trying to get anything at a price that they want to pay.
Equally no-one is obliged to say anything other than no.

If you are doing own viewings, you can just reply that you have several viewings and are expecting it to go for considerably more than the asking price, but, like everyone, he is welcome to put his offer in to the EA and it will be considered in the context of all offers received.

Sounds like it might be just over his budget so he’s wondering whether to make an offer or forget it. So I’d say interested rather than CF. Gently I think you need to emotionally detach a bit- can’t the estate agent do the viewings and field this sort of question?

@Kite22

Ultimately, it is a business transaction. No-one is a cf for trying to get anything at a price that they want to pay. Equally no-one is obliged to say anything other than no.

If you are doing own viewings, you can just reply that you have several viewings and are expecting it to go for considerably more than the asking price, but, like everyone, he is welcome to put his offer in to the EA and it will be considered in the context of all offers received.

This!

If you're an only child/sole beneficiary and executor of your mother's will it's really up to you but if there's plenty of demand in the area I wouldn't be in a rush to accept the first offer

I’m sorry about your mum.

Not cheeky, as long as asked politely. However, I would expect you to have several offers so the lower offer would never have been a consideration anyway.

Sorry for your loss.

It's always best to take emotions out of property transactions, hard as it is in your circumstances. Try to think of it as: he clearly liked the house before he'd even seen upstairs, but it's a bit above what he wants to pay/can afford, so he asked if you'd consider a reduction. You said no. No-one was being unreasonable really.

Perfectly fine for him to ask, just as it's perfectly fine for you to say no.