Stupidly low offer

[Indablungerlow]

Selling house. Only been on the market a week or so. Received an offer of 50 - yes 50k below asking price. Really pissed off someone could be that cheeky. Anyone else received cheeky offers lately?

What is the asking price? Don’t know if it’s cheeky until I know that.

50 off 85, perhaps cheeky. 50 off 500 - fair.

It's 700. They offered 650.

I don’t think that’s particularly cheeky 😬

Don't accept it. Problem solved.

Houses in our area usually go for significantly above asking not below

Times have changed, it sounds about right to me

We won't be

The price is only going to be falling lower over the next year.

Not at all cheeky. It’s standard to initially offer 10% less than the asking price. 50k is actually less than that, so they’re offering more than a lot of people would.

Depends how much you paid for it and when.

If you paid £150k for it last year then it's not a cheeky offer

We had it on previously at the same price and were offered 10k over, sale fell through. This was only a few months ago so don't believe 50k under is reasonable sorry.

Me too. Make sure you don’t regret turning it down OP, or at least considering it…

I do acknowledge how upsetting it is but we're in unprecidented times and the downturn will be exceptionally steep over the next 12 months.

50k off 700 doesn’t seem like a huge amount right now but more likely they’re hoping you’ll come back at something like 675.

Seriously, can you think of ANY reason at all why a previous sale might’ve fallen through and if you’ve heard anything in the news about the state of the economy?

If you don't ask you don't get. Could be an opening gambit.

I dont even want to negotiate tbh if they think it was appropriate to come in with an offer that low

Why see the house if you can't afford it

It’s not even 10% off asking price. You don’t need to accept the offer, but it’s not insulting.

For your ongoing purchase will you offer the asking price?

50k off 700 is less than 10%

It's an offer. Just don't accept it.

The buyer's were on combined income of over 200k don't tell me they couldn't afford increased interest rates

Because it wasn’t inappropriate and this thread has told you that.

That's not a cheeky offer - it's less than 10% under.

Turn it down if you don't want to accept it.

Seems fine to me...

And the market isn't what it was a few months ago (at least in my area) so it might be unreasonable to expect the same sort of offers again.