520 on a 550 house, too low?

[Dinkler]

Dare I offer that, I'm chain free and purchasing with cash in bank? Worrying it will seem like a rude offer/ House on for a week.

It's basically a 95% offer, I would absolutely offer that. The worst they can do is say no, but it is not a rude/ridiculous offer in the slightest

Oh great, I've been worrying loads about it so thanks, I wish I could offer asking but it's just too much with stamp duty but I just wanted to gauge thoughts before offending the vendor.

Anything up to 10% below is fine I think, especially in the current market.

Too high.

I’ve just had an 18% reduction accepted - if u don’t ask you don’t get!

I'd actually go lower. We've recently had an offer accepted 7% under asking, in a very popular town. And we're not cash buyers.

I was always told you should get your first offer rejected, then you haven't overpaid.

You can only ask and see what happens.

It depends on your area. In my area things only go for over asking price.

You can ask, they can say yes or no.

As a cash buyer I'd go lower.

Agree I’d go lower as a cash buyer, exact asking price would depend on previous sold, if they’ve had the house a while I’d go in at 500.

I'd go lower. They will try to negotiate and you can do that - especially if you go lower. It's becoming a buyer's market.

I would fo a bit lower tbh. Probably 510

I think they say 8% below asking is OK

I am thinking this too this week, mine is on a 425 house but it’s only been on 5 days!! Won’t I seem like an arse?

I didnt see the only on for a week bit
I doubt a seller would take an offer that quickly. Unless it is obviously overpriced

We just negotiated £20k off a £450+ house that had been on the market for 8 days. Desirable area. We are chain free and sellers want speed and security so everyone is happy.

I don’t think your offer is cheeky at all.