Page 2 | Stupidly low offer

Indablungerlow · 2022-12-14T15:51:08+00:00

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?

Cuppasoupmonster · 14/12/2022 16:03

Indablungerlow · 14/12/2022 16:01

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

Because maybe they can afford it but they don’t think it’s worth that much? Maybe they thought the bathroom and kitchen are dated and the garden would need work and factored that in to their offer?

IhearyouClemFandango · 14/12/2022 16:03

It's within 10% of asking, seems like a very reasonable first offer tbh. I think you may be a little 'optimistic'.

AreOttersJustWetCats · 14/12/2022 16:04

Indablungerlow · 14/12/2022 15:56

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.

Yes, and the economy has just carried right on booming during those few months, hasn't it?

😂🙄

Iknowhim · 14/12/2022 16:04

Why start a thread, it's weird. They offered, you're saying no. Surely that's the end of it?

You seem to be taking it really personally OP.

Hooverphobe · 14/12/2022 16:04

A house sells for what people think it’s worth - surely if they had a salary of £200k you should’ve asked them for a million - that is your thinking?

i rather suspect you’re going to learn what “chasing the market down” means.

fwiw, I’ve NEVER gone in at less than 30% off for a house, a horse or a car. With negotiations I’ve never paid over 85%.

Lcb123 · 14/12/2022 16:06

That's not cheeky. Hard to assess without knowing if there's work that needs doing on your house / things that are off putting. Just say no and move on. But the market is slow!

ShaunaTheSheep · 14/12/2022 16:06

You need to stop being emotionally invested. It's a business transaction.

Cuppasoupmonster · 14/12/2022 16:08

Iknowhim · 14/12/2022 16:04

Why start a thread, it's weird. They offered, you're saying no. Surely that's the end of it?

You seem to be taking it really personally OP.

Because people believe the aspirational prices estate agents give them and then refuse to budge on it because they see the pound signs. Then their house hangs about on the market for ages and becomes unsellable. Ive seen it happen to a few properties around here where they usually go like hot cakes.

Novemberhater · 14/12/2022 16:11

You are so lucky to have an offer. I've got a very desirable house in a hugely popular road for sale. It's on for 15-20 grand under what would have been the asking price in the summer. Much smaller house next door sold on day one for asking price then. Mine cost 30 grand more when they were built. I've had one viewing in two months. The housing market has crashed. I'd take the offer. It could be months before you get another one.

alittleadvicepls · 14/12/2022 16:11

We offered 50k under asking price of 850k. We also offered cash if vendor took offer straight away. I wouldn’t assume that people view houses they can’t afford and that’s why they make lower offers. We could’ve afforded more but the house needed some work done to it and if we could get it for under asking price, why not. A cheeky offer is always worth a shot because sometimes it works out!

SeveruslyFrazzled · 14/12/2022 16:12

Yes. Someone thought it was appropriate to ask for £60,000 reduction on ours. Ours
is worth much less than your property and it was completely inappropriate. First time buyers. The Estate agent was a very unhappy bunny. I wish them well and I am sure they will do the same with someone desperate to sell and they will get it. I was happy to say no but if you don’t ask you don’t get I suppose.

Had an offer very close to the asking price a week later.

I don’t mind negotiating in the slightest… but realistic negotiation.

Mildura · 14/12/2022 16:14

Why see the house if you can't afford it

What makes you think they can't afford it?

It's entirely possible they can afford it, yet don't think the price you are seeking is realistic.

You are entirely within your rights to reject the offer and continue to look for a buyer who values the property at the same figure you do.

CloseYourEyesAndSee · 14/12/2022 16:14

You genuinely won't negotiate with them because you're offended they offered less than you think it's worth??
good luck 😆

Original poster

Indablungerlow · 14/12/2022 16:14

SeveruslyFrazzled · 14/12/2022 16:12

Yes. Someone thought it was appropriate to ask for £60,000 reduction on ours. Ours
is worth much less than your property and it was completely inappropriate. First time buyers. The Estate agent was a very unhappy bunny. I wish them well and I am sure they will do the same with someone desperate to sell and they will get it. I was happy to say no but if you don’t ask you don’t get I suppose.

Had an offer very close to the asking price a week later.

I don’t mind negotiating in the slightest… but realistic negotiation.

Just think it's awful people are taking advantage

Of course the housing market won't crash

OP posts:

CloseYourEyesAndSee · 14/12/2022 16:15

Indablungerlow · 14/12/2022 16:14

Just think it's awful people are taking advantage

Of course the housing market won't crash

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Nobody is taking advantage FGS

Mildura · 14/12/2022 16:15

Indablungerlow · 14/12/2022 15:54

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

This suggests the asking prices are pitched deliberately low.

Cuppasoupmonster · 14/12/2022 16:15

CloseYourEyesAndSee · 14/12/2022 16:15

Nobody is taking advantage FGS

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😂 OP with her tiny violin out that she wasn’t offered her 700k asking price straight away

Hotcuppatea · 14/12/2022 16:15

I think you need to try and keep the emotion out of this or you'll never sell.

They made an offer on your house. They weren't passing judgement on you and your family as people.

IhearyouClemFandango · 14/12/2022 16:16

60k off a property worth less than that in the OP is very different, it is all relative.

One might suggest you were also trying to take advantage OP? Chances are your onward purchase will be worth less too.

Byfleet · 14/12/2022 16:16

I don’t understand your outrage at all OP. It is really common and reasonable to make an offer like that, in fact as others have pointed out it is common to offer less than that.

It’s business, not a personal insult.

Original poster

Indablungerlow · 14/12/2022 16:16

Cuppasoupmonster · 14/12/2022 16:15

😂 OP with her tiny violin out that she wasn’t offered her 700k asking price straight away

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We need it to up size

OP posts:

Cuppasoupmonster · 14/12/2022 16:17

Indablungerlow · 14/12/2022 16:16

We need it to up size

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Violin just shrank again

occa · 14/12/2022 16:18

Is this a reverse?

Original poster

Indablungerlow · 14/12/2022 16:19

Cuppasoupmonster · 14/12/2022 16:17

Violin just shrank again

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We live in a pricy area. Sorry but it's not like we are moving to a mansion just an ordinary semi. That's how much they cost here.

OP posts:

SeveruslyFrazzled · 14/12/2022 16:19

If their offer has genuinely really upset you and you can afford to wait just say no thank you… but if my property was worth what yours is (yours is double mine) then I would counter the offer and see what happens.