Active discussions

Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

Talk
Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Original poster

Is it cheeky to go in with 700k under asking price

239 replies

namethisbird · 11/09/2023 21:44

There is a Victorian townhouse for sale in our dream street but the sticking point is the asking price.
it is currently on the market for £1.7million however in my opinion based on research, independent valuation sites and recently sold properties it’s only worth just over £1mill.
it doesn’t seem it’s had much interest so my dilemma is would it be very cheeky to offer what i think it’s worth which is £1045000?

OP posts:
Thread gallery
7
Cheekyandfreaky · 11/09/2023 21:45

You can offer, they'll probably say no if it's that much lower.

purpleme12 · 11/09/2023 21:46

Yes it would be

Adviceplease2314 · 11/09/2023 21:47

They won’t accept it but it may make them realise that their price is unrealistic. It could be worth speaking to the agent and saying you think it’s very over priced and try to get an idea if the agent thinks so too.

Twiglets1 · 11/09/2023 21:47

Not cheeky at all. A house is only worth what someone will pay. They can only say No. It’s a Buyers Market. My mate got a similar deal last year. No harm in asking.

PerfectYear321 · 11/09/2023 21:47

Don't ask, don't get. Wtf does 'cheeky' mean?

PotteringAlonggotkickedoutandhadtoreregister · 11/09/2023 21:48

There’s cheeky and then there’s cheeky…

PerfectMatch · 11/09/2023 21:49

You can try if you like but I'd be astounded if they say yes!

Twiglets1 · 11/09/2023 21:49

PerfectYear321 · 11/09/2023 21:47

Don't ask, don't get. Wtf does 'cheeky' mean?

That too.

MidnightOnceMore · 11/09/2023 21:49

Surely this is just a (not very subtle) stealth boast??!

Gazelda · 11/09/2023 21:49

Well it's undeniably cheeky. But it's worth a punt, what's the worst that can happen? If they say yes - happy days. If they say no - it's up to you whether you increase your offer or walk away.

TolkiensFallow · 11/09/2023 21:52

Have a conversation with the estate agent and give them that feedback. “I like it, I’ve done my research, this is a comparable price on a like for like property, can you explain to my why this is marketed significantly in excess of that as my best offer would be £x”

They'll tell you.

NeedMyDress · 11/09/2023 21:52

I think you're probably a bit deluded about what it's worth. An estate agent may try to get an extra 10% / 15% but they'd be making themselves a laughingstock if they marketed a house for £700,000 over what it eventually sold for.

I think you should look at houses more in your budget.

Twiglets1 · 11/09/2023 21:53

Offer what you want/What you feel it’s worth/ What it was worth in 2018

Original poster
namethisbird · 11/09/2023 21:56

Adviceplease2314 · 11/09/2023 21:47

They won’t accept it but it may make them realise that their price is unrealistic. It could be worth speaking to the agent and saying you think it’s very over priced and try to get an idea if the agent thinks so too.

Their price is grossly inflated. I don’t think there has been a lot of interest either. Will speak to the agent and get their view.

OP posts:
LadyWhineglass · 11/09/2023 21:58

Send us the Rightmove link and we’ll tell you whether you’re being a CF or not.

MrsNK28 · 11/09/2023 21:59

just do it. They won’t accept it but maybe its your lucky day. What worse can happen.

Original poster
namethisbird · 11/09/2023 22:01

NeedMyDress · 11/09/2023 21:52

I think you're probably a bit deluded about what it's worth. An estate agent may try to get an extra 10% / 15% but they'd be making themselves a laughingstock if they marketed a house for £700,000 over what it eventually sold for.

I think you should look at houses more in your budget.

Yes I thought this too until I started looking into recently sold prices etc. an almost identical house has sold for just over £1mill on the same street in the last few months.
the house was bought for 800k in 2011 which also made me think it’s way overpriced or the seller is testing the market.

OP posts:
EmmaPaella · 11/09/2023 22:02

Odd for it to be on for so much higher than it is worth. I’d ask the agent why. No harm in making an offer though, they can only say no.

Twiglets1 · 11/09/2023 22:03

Yes I would love to see the link to the 1.7 million house that can be bought for 1 million. Mainly so I can buy it.

Breakawaytour · 11/09/2023 22:03

MidnightOnceMore · 11/09/2023 21:49

Surely this is just a (not very subtle) stealth boast??!

It's an anonymous few lines on the internet! Who and how are they boasting?

MariePaperRoses · 11/09/2023 22:04

Has it had extra things added such as underfloor heating? Swimming pool? Extra parking? Expensive kitchen an bathrooms?

MariePaperRoses · 11/09/2023 22:05

MidnightOnceMore · 11/09/2023 21:49

Surely this is just a (not very subtle) stealth boast??!

They can't afford the asking price so how is that boasting?

mintbiscuit · 11/09/2023 22:06

Update us OP. Genuinely interested in how it pans out.

LindorDoubleChoc · 11/09/2023 22:06

How many of these threads do we need??

UndercoverCop · 11/09/2023 22:07

Our house is worth 450-475k, in 2011 it sold for 205k. YABU to think a house ostensibly worth more than 3 times as much only increased by less than ours has.
You might not be unreasonable in saying it's over priced but not by 700k