What offer on an already reduced asking price?

27 replies

BelleBoyd · 26/01/2023 07:03

What kind of offer would be taken seriously on an already reduced flat (London)?
Was on for 500 reduced after 6 weeks to 475. Been on total of 10 weeks. Don’t know if they have or have had offers.
I think tbh 475 is a good price for it but am worried if I go in on that they’ll haggle and also worried if I go below they’ll dismiss/not take me seriously.
Would like to get it as cheaply as possible as I had to accept 25-75 off mine last week which ending up being about 4% off asking.
Don't want to lose it though as there is hardly any properties to choose from and my sale going through now (fingers crossed)

OP posts:

ACynicalDad · 26/01/2023 23:08

Could you let yours go and live somewhere else for 6 months, you could end up doing really well, but it's a risk.

ganggangrosey · 28/01/2023 11:06

TheRussiansAreComing · 26/01/2023 22:19

@BelleBoyd Do you know why they are selling? If they are desperate, then you can use that to your advantage. Obviously they won’t tell you they are desperate, but someone divorcing, or needing to release equity or terminally ill etc. once you know why they are selling, then you can negotiate. TBF the whole industry is expecting a 10% fall this year and basing that on the original £500k, I don’t think you’d be unreasonable to off £450k. Just make sure you justify why ur offering that price. Even if your only reason is that it’s what you think it’s worth. If yours is the only offer, then that’s the correct price. Also, it’s been on too long. It’s stale. And it’s a buyer’s market right now.
good luck OP.

Yeah another way to stick it to someone who is terminally ill - cunt behaviour

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