What to offer for 'offers in the region of'

[Polarsimilarities]

For more info - house is a 3 bed detached with attached garage. Lovely house, ticks almost all our boxes (no dining room/extra room downstairs but we can convert garage eventually). It's very well decorated and we can move straight in (big draw for us with DC). The owners are desperate for a sale as they have to move by end October due to their circumstances.

It was listed at offers in the region of £305k beginning of July, reduced to OIRO £285k end of July and is now OIRO £270k - what would you offer?

We are thinking £240k, just under a 10% reduction on £270k. Online estimates value the house at £248k, and we don't think it's worth £270k. Estate agents around here haven't clocked on to the fact the housing market is changing and are still pricing houses at 2022 rates so nothing is selling!

Let me know what you would offer!

Staying with my partner which he kind of likes, but I'm also annoying him as it's a bit cramped with my stuff and it's very isolating for me (car dependent area, when I've been used to be able to get to work and shops by bike). It's a 2 hour commute one way if there's an accident on the m62 which seems to be frequent...the standard of rush hour driving on there is truly terrifying and I fear for my life 😬
I do the odd night or 2 in air b and bs to reduce the commuting and yes am saving a bit of money so that'sgood, but was hoping to have a new home lined up and mortgage application in progress by now. I did look at renting but nothing suitable and would have tied me into a very expensive contract anyway. The original plan was a friend's spare room much closer to work, but that's fallen through, and is now storing my stuff anyway 😅

Come on sellers, sell me your home at a sensible price 😁

@amandaleeds not ideal at all but some perks too!
Unfortunately, life doesn't always go to plan. The most important thing is to stay in your job and save up so that you are a good prospect for a mortgage if (when) things get harder. You only need to find one realistic seller.
Have a look at 'moving home with Charlie' on YouTube/twitter

If you're going to look at "moving home with Charlie" on his own Twitter/YouTube account, it might provide some balance to also see what they are saying about him on Reddit! (posted from Charlies own X page as there's no such thing as bad publicity to him.

https://www.reddit.com/r/HousingUK/comments/1aoyphz/moving_home_with_charliethoughts/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

Best for @amandaleeds or anyone else to make up their own minds rather than just looking at the opinions of lots of faceless people/ online trolls who continue to follow someone they apparently strongly dislike and whose views they apparently think are ridiculous.
Now that's very odd behaviour!

Just trying to provide some balance for @amandaleeds & all the others who keep being told to check out Moving home with Charlie.

Refreshing for me to see that other "faceless" people (we're all basically faceless anyway seeing as we're all strangers to one another on online forums) see him like I do, despite being constantly told by a small band of people on Mumsnet that it's "weird" or "odd" to be interested in what someone we distrust is saying. People must be odd for being interested in what Trump or Boris are saying then, or any other controversial character that people read about while not necessarily supporting.

I agree people should make up their own minds - but if you only read the comments by Charlie's followers you only see the echo chamber of people who have largely decided to support him. I don't follow him & I doubt many of his critics on Reddit do either. As I expect you know, you don't need to follow the guy to be able to look at his X page.

240k is OVER a 10 per cent reduction on the 270k not just under.

Thought I would update this post for anyone in a similar position. The sellers accepted an offer of 250k. (Wife was happy with 240k but husband wanted slightly more).

Unfortunately details came up in the surveys that required work and the sellers wouldn't budge on 250 despite costly works required so we pulled out. The house is still on the market so obviously other buyers agree with us that it's not worth what they are asking.

@amandaleeds it is such a frustrating process but be patient, the right house will come along and now you're chain free you're in a really good position. Spring always sees a rise in houses coming to market.

It's frustrating that house prices aren't reflecting the current state of affairs (mortgages, interest rate etc) but that's just how the industry is unfortunately. Good luck!!

Well the OIRO house at 275k which had no offers apart from mine (within 10%) has now after 5 weeks changed to offers in excess of 265k...unless the street has increased by 10% in the past year, I'm not convinced it's worth that, especially when interest rates have risen 😔 Still finding that people are expecting 10% more than last year's prices, despite sales data showing a 2% fall in prices? I guess someone who can risk losing money or will have it as their forever home might stump up that much? Seems crazy to ask for offers over when it's not had many offers already?