Offer 30% below asking

[CheekyFakers]

A number of valuations all arrived at the same marketing price.

Healthy number of viewings to begin with (though feedback notes didn’t quite match who came through the door, numbers wise) but no offers. To be fair, this was right in the mini-budget aftermath.

After pressing the agent, one chap came to view. Took a few days to come back with an offer 30% below asking on a £1.7m property.

Is this pure CFery? Is the market that bad? Or have agents been known to send associates round to view and make guaranteed ‘no, thanks’ offers?

If it’s pure CFery, I’ll be making a note to try this myself!

I'm looking at houses around £1m .. I'd def offer well below because I have nothing to lose !
Take it or leave it tbh!

Yeah I did. Just cos you made a bad move and got your daughter to buy a flat recently doesn't mean that you have to shoot every messenger that comes along.

And obviously that is your prerogative, but then you have to be careful that what happened to 2 people that came to view our house and both put in cheeky offers, before they were able to come back with their proper one. A lovely pair of first time buyers came round that just reminded me of me 20 years ago. She was expecting their first baby. It was all beautiful, so I sold it to them for four grand less than the real offer from the cheeky buggers. No way was I going to break her heart for £4000.

@Justthisonce12 of course !

I sold my parents house to who I wanted years ago , not the highest bidder!

Buying houses is a free for all until you exchange contracts .

If I knew it offered good value and was everything I wanted I would obviously pay the asking or near !

It’s wasn’t a bad move for her. She loves the independence and has a 50% deposit gifted to her from the sale of my Dads flat plus a fixed rate mortgage so no worries

And used to pay a high premium for share in a Country which is currently failing to provide healthcare to it's citizens. Yes, that's a bad move.

Maybe it’s just me, but I wouldn’t entertain buying a house that wasn’t Everything I Wanted and good value. Anything else just seems like a huge compromise no matter how “cheap”. As we always say in our industry, the most expensive prescription is the one that the patient doesn’t use.

When you are looking at dooer uppers then you need vision .. it's never going to be 100% your taste whatever the house.!

Around here £1m doesn't get you that much so you have to compromise !

Do you think they will raise interest rates again this week?

@DeadHouseBounce
yes they will... but when they raised rates last time the fixed mortgage rates actually went down... go figure

www.mumsnet.com/talk/cost_of_living/4696425-insane-costs-to-run-our-home-is-there-help-on-the-way

Ahhhhh so anecdotal evidence is relevant, but only when it support your argument. of course 🙄

I only needed to give one counterexample to show your statement was incorrect.

I've given two already and there are plenty of other threads on this forum stating as much.

Did they have tears in their eyes as they called you sir?

In September you mean?

No the last raise in november

It makes no sense, apparently someone was cheeky for underbidding but the poster sold it for 4 grand less than that, and obviously paid top dollar for their next property because nobody should underbid. Not sure how anyone like this ever gets to give 4 grand away.

Besides which nobody was underbidding 20 years ago apart from a brief period after the dotcom crash. It was a full on sellers market apart from a brief blip. If they didn't underbid in that market somebody saw them coming.

That was because the "mini-budget" was being dismantled, another slip like that, trying to bail out mortgage debt holders for example, and the bond markets will react pushing mortgages even higher.

What the feck are you on about you prat

I thought, according to you, the four grand didn’t exist. It’s only on paper games isn’t it and therefore nothing was really given away at all.

It's what Donald Trump says when he's making stuff up. E.g "This Marine came up to me with tears in his eyes, and said 'Sir, you are the greatest President ever for selling the house for 4,000 less than you could have'"

So, to explain what I am on about, I reckon you are telling porkies