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Original poster

Is this too cheeky?

13 replies

Cedricsmum · 07/10/2023 00:26

I’ve recently sold my house to FTB who are really keen to move quickly and have got the ball rolling already. Surveys etc already done. As I’m moving to a different town and haven’t had chance to start looking yet I’ve agreed to break the chain and move into rented to allow the sale to move swiftly.
However ….. a property in my new area has just come up, listed about 2 weeks ago that could be exactly what I’m looking for. It’s currently up for around £335k and is empty and advertised as vacant possession.
So my dilemma. It is a bit over my budget. But I’m in a position to move quickly as my sale is already moving to FTB.

What would be a reasonable offer? Would 10% off asking be insulting?

i haven’t viewed yet as don’t want to waste time if I’m being unrealistic.

I’d appreciate advice
thanks in advance

OP posts:

Beenaboutabit · 07/10/2023 00:33

Not a problem.

LuluBlakey1 · 07/10/2023 00:36

I'd go a bit lower than that so if they say no you might actually get it by moving your offer up to 10% off.

Original poster

Cedricsmum · 07/10/2023 00:39

@LuluBlakey1 really? I need to grow some balls. I thought because they’d only gone to market a couple of weeks ago that it would be a hard no.
But I do think I’m in a really good position so ……

OP posts:

Twiglets1 · 07/10/2023 06:42

You can offer 10% under yes. That’s not insulting even in a much better market for Sellers. Think you need to get yourself there for a viewing 😀

luckysonofagun · 07/10/2023 08:19

I'd go 15% so there's some wiggle space

PosiePerkinPootleFlump · 07/10/2023 09:21

I disagree with those saying go even lower for wriggle room. Go in 10% under, make it clear that is the top of your budget and that you can move quickly

TammyJones · 07/10/2023 10:38

You can offer.
They can say no.
But I think you should still move to a rental as you have planned so you don't lose/ p* off your buyer.
And it also take the pressure off you - you may not even like the house once you view.

iovebread · 07/10/2023 10:58

not cheeky at all to offer less than 10% asking price, it's a buyers market.
I do think it's a bit cheeky that you told your buyers one thing and changed your mind. if you get the house and your buyers still want to move in on a particular day, perhaps you can agree to go into rented or stay somewhere short term until your next house is ready for you.

if you expect them to honour the price they agreed with you, you should honour the conditions the price came with. otherwise, if i was the buyer, i would drop the price as you've now added a layer of complication for them.

Roaminginthegloaming · 07/10/2023 11:41

@Cedricsmum

www.sunnyavenue.co.uk/insight/what-is-a-cheeky-offer-on-a-house

Original poster

Cedricsmum · 07/10/2023 12:20

@iovebread I have absolutely no intention of pi**ing off my buyers or moving the goalposts for them.
what I said was that I am in a very good position and the property I am looking at is currently empty and offers vacant possession so I am in a position to move quickly which may be an advantage to the vendor. So maybe a lower offer would be accepted

OP posts:

Original poster

Cedricsmum · 07/10/2023 12:35

Thank you @Roaminginthegloaming very helpful

OP posts:

alwaysmovingforwards · 07/10/2023 18:56

There are no rules, offer what it's worth to you and the worst that happens is it's rejected.

If other offers are higher, you'll lose it.
If lower or motivated to sell quickly then they might come back to you.
Or the vendor might not be fussed and sit on it for a year and wait for the market to improve.
Nobody knows.
Baffles me people coming on here asking if their offer is 'cheeky'. This mindset is an EAs wet dream.

BlueMongoose · 07/10/2023 20:00

As above, offer what it is worth to you. Offer more, and you can't do it anyway, offer less, and you risk pissing them off and even if you up your offer to, say 10% under, they may think you're a chancer and prefer someone who directly offered 10% .

Buying houses, if you plan to live in them rather than speculate with them, is not a board game where you can try any ruse to get things as cheap as possible because you have no skin in the game - especially if a property is exactly what you want. As you're in a very good position, and you can say so, 10% off won't be insulting to most vendors, even if they say no. 15% probably would be. I'd offer 10% less if that was all it was worth to me, but I would be careful how I approached the agent; I'd give my honest reasons for my lower offer.
[Reasons like you can't afford more, work needing to be done, or whatever makes you think it is only worth 10% less- and please, don't say 'it's a falling market' unless you want to piss off both the vendor and the HA. They are unlikely to have been living under a rock for the last year, so they know it is, and have either factored that in, or have chosen not to.]

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