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Original poster

Vendors Divorcing - want to put in a cheeky offer

176 replies

Isitover23 · 13/08/2023 09:31

Hi

we viewed a property a few weeks ago that is over our budget.

It was originally on for £950,000 in May and has since been reduced twice by £25k a time, and is now advertised for £900,000.

we know they are divorcing but the EA said they aren’t in a rush to move! It’s a lovely house but does need a bit of work. We are in the South.

if we were to offer, we would want to put in a cheeky offer and I was thinking 15% below the asking price (£765,000). We aren’t in ‘love’ with it so wouldn’t be too sad if the offer isn’t countered! But this seems like a lot of money and is nearly £100k less than what they paid for the house last year when they bought it.

has anyone has any experience with a vendor divorcing, as I would think they would just want to see to enable them both to move on?

thanks

OP posts:
Darthwazette · 13/08/2023 09:33

I suppose I can see where you’re coming from but this all sounds horribly unpleasant.

Northernsoullover · 13/08/2023 09:33

Wow. That is cheeky. You should at least offer what they paid for it. I mean you don't have to but..

sunshinesupermum · 13/08/2023 09:34

Offer them at least what they paid for it. Frankly you are being a CF for considering paying any less for it.

Anxioys · 13/08/2023 09:35

Having been in this position I would have and did reject offers like yours, simply because a huge disparity meant it was worth hanging on. Both divorcing parties have to agree to the offer, not just one.

JMSA · 13/08/2023 09:35

Talk about profiting from someone's misfortune Confused

Persipan · 13/08/2023 09:36

You can offer what you like but I don't for a second think they'll accept it.

Tara24 · 13/08/2023 09:36

You can offer. The will probably decline as who would move and lose £100k.

Sundaefraise · 13/08/2023 09:36

I know prices are dropping, but I don’t think they’ve dropped that far yet. Only you know whether the house is hugely overpriced for the area, but assuming not I can’t see any way they would accept such a low offer.

Runninghappy · 13/08/2023 09:37

That’s not a ‘cheeky offer’.

ditalini · 13/08/2023 09:41

Jeez do what you want, but offering on a house you don't even love sounds pretty daft.

We offered on a property in a similar position (but we did really want it and offered every penny we could afford), and got knocked back because they couldn't afford to take the hit.

QueefQueen80s · 13/08/2023 09:44

I hope they reject it.

Thethingswedoforlove · 13/08/2023 09:44

Are you in a proceedable position?

Cloverforever · 13/08/2023 09:46

Would you do this if their child had died and they wanted to get away from the memories, for example?

Profiting out of someone else's misfortune is pretty low OP.

Reallybadidea · 13/08/2023 09:46

Don't waste everyone's time. "They're in no hurry" = they won't accept a cheeky offer. They probably can't afford to. We offered on a house in a similar situation. They did just hang on until they got what they wanted, which was more than we wanted to pay.

Chowtime · 13/08/2023 09:46

Absolutely! Go for it. Don't ask don't get.

Original poster
Isitover23 · 13/08/2023 09:47

Thank you everyone. We are absolutely not trying to benefit from anyone’s misfortune and only found the reason out for the selling recently. Most comparable houses in the road are on the market/sold for circa £800,000 so I think the EA has overpriced it.

we are proceedable , but will perhaps look at another on the street as these seem more reasonably priced

OP posts:
dramoy · 13/08/2023 09:47

I know someone who bought a 900k house for 780k, you can only ask.

dinmin · 13/08/2023 09:47

Legally the agent will have to put it forward, but they will laugh at you and if you ever try to offer on a property with them in future they may well remember you and they won’t say good things about you to the sellers

XVGN · 13/08/2023 09:47

Normal housing for the vast majority of people transacts at around £300K. So at that level - all is fair in love and war! Whether or not your offer is "cheeky" depends on whether the vendors' price is "cheeky".

dramoy · 13/08/2023 09:48

Wow. That is cheeky. You should at least offer what they paid for it.

That's nonsense, & would you say the same in a rising market?!

DinoRoar14 · 13/08/2023 09:48

Absolutly ask. You don't owe them anything and they'll say yes or no.

Spirallingdownwards · 13/08/2023 09:50

They will reject it if they aren't in a rush to sell. If anything they may well to decide to see out current lull so that they maximise the equity available to each to be able to start anew.

It certainly does sound as though you were hoping to cash in on their misfortune though or why would you even mention it.

rocksstones2023 · 13/08/2023 09:50

Offer what you want and claim you aren't trying to take advantage of their situation too but we all know you are - that's what the thread is for.

Some people astound me.

Cloverforever · 13/08/2023 09:50

Isitover23 · 13/08/2023 09:47

Thank you everyone. We are absolutely not trying to benefit from anyone’s misfortune and only found the reason out for the selling recently. Most comparable houses in the road are on the market/sold for circa £800,000 so I think the EA has overpriced it.

we are proceedable , but will perhaps look at another on the street as these seem more reasonably priced

Why put Vendors Divorcing in your title then? What's the relevance?

DinoRoar14 · 13/08/2023 09:51

rocksstones2023 · 13/08/2023 09:50

Offer what you want and claim you aren't trying to take advantage of their situation too but we all know you are - that's what the thread is for.

Some people astound me.

But sellers taking advantage of the ridiculous inflation and selling houses for 10s of thousands of pounds more with zero work done is fine?

Swipe left for the next trending thread