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How low is too low when it comes to making an offer?

54 replies

Amtheyest17 · 10/05/2023 11:18

Hello,

Just wondering when making an offer how low is too low? I only ask as I thought it wasn’t really the done thing to go in any lower than a couple of grand in certain scenarios but my friend just said she had, had an offer £80k under asking.

Understand that quite often it won’t be accepted but at the moment there are no houses coming up within our budget but even going up £30k-£50k the market opens up a bit and these places have been sitting on the market for a while so wondering if it’s worth viewing and if we like something making an offer within our budget and within reason. There is one property that 100% is priced way too high and should be more in line with our budget - our offer would be £60k under asking if we liked it.

Conscious that although this would be allowed might not be a great thing to do and sellers might see it as insulting/wasting their time. Have also had a friend who lucked out with this approach as sellers were desperate to move to accepted £30k under asking.

OP posts:
Twiglets1 · 28/05/2024 18:53

It’s a lovely house @Vivrn though I don’t know Leicester prices.

I imagine it will sell quickly as it’s nicely decorated etc, a lot of people will like the look of it.

How much to offer depends on how much you think it’s worth though compared to others in the area. And how much you can afford/ are comfortable to pay, of course.

mims33 · 10/12/2024 01:45

The thing is almost all houses are overpriced today, if someone wants to under offer and you're in the house flipping game I don't think you have the right to be morally outraged

SnoopySantaPaws · 10/12/2024 02:03

MulberryDerry · 10/05/2023 11:46

Can I join in please?

We are in the same boat, OP. I don't see many houses coming up.

We are about to view the house for the second time after half a year. It hasn't been sold yet.
The price has been reduced from 550 to 525. My partner wants to offer 475. I don't think this will be taken well. What would be realistic? Hard to determine

@MulberryDerry

EDIT: sorry hadn't realised it was such an old thread!!! Hopefully you've updated the thread, haven't read past this yet. If you haven't it would be great if you did.

just offer what you think it's worth, they might accept it, you aren't going to pay asking for it, what does it matter if they are offended.

As the saying goes 'offence is taken, not given'

you might be the latest who has offered significantly under & they might be forced to reconsider their asking price, they might come back with a counter offer - you won't know until you try. The worst they can do is say 'no bloody way'. But so what??

Greencarrott · 19/01/2026 20:51

Wow guys!! Any update on the purchase? Currently looking at downsizing and need my property gone...battling the estate agents and their valuation of ours

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