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What to bid

81 replies

InstantKarnage · 15/01/2024 23:04

Hi all, seeking your thoughts on a property conundrum and where to start bidding. We're looking at a fairly niche property on the market at £975k, it’s been on for 4 months, and no offers. The property is a standout for us - the nicest we've seen - but the area isn't our top choice. We're a bit uncertain about what to offer - nothing similar has sold recently in the area. DH thinks it’s offensive to offer anything beginning with an 8. I’m not sure. What would consider offensive here, what would you consider cheeky, and what would you consider reasonable or at least borderline? Not looking for a valuation on the property, as I say it’s fairly niche so difficult to value. But if it were your property, and you believed it to be “worth” £975k - what would you be offended to be offered! We’re trying not to alienate the seller, but also trying to find the market. We said to the estate agent that we’re worried about the lack of offers, that we don’t know the market without other bidders. We would like to make a low offer to see if we can get some idea of where others see it. We don’t want to be the only bidder and start (and finish too high). Any thoughts please?

OP posts:
Africa2go · 17/01/2024 15:43

I know- I wasn't saying you had a go at me, I said you were personal (in respect of your comment to another poster)

Africa2go · 17/01/2024 15:56

Sorry, replying to wrong comment there!

Mirabai · 17/01/2024 16:19

@Africa2go It’s not called for to keep derailing a thread to continue someone else’s argument, for that matter.

I’m sorry but I’m entitled to express my opinion within the Talk guidelines. I didn’t call the other poster ‘naive’ simply for taking a different approach - there are 100s of approaches to buying and selling property - but for some specific comments.

Now please get over it and move on.

Africa2go · 17/01/2024 16:28

Mirabai · 17/01/2024 16:19

@Africa2go It’s not called for to keep derailing a thread to continue someone else’s argument, for that matter.

I’m sorry but I’m entitled to express my opinion within the Talk guidelines. I didn’t call the other poster ‘naive’ simply for taking a different approach - there are 100s of approaches to buying and selling property - but for some specific comments.

Now please get over it and move on.

I won't post again because I agree that the thread is derailed - but as I said before, you can say that you don't agree with someone, that you have a different opinion - absolutely no issue with that - but I called you out for your comment above where you replied to another poster "I can't take you seriously, you sound so naive". Thats not appropriate, whether you made that comment about my view or someone else's. Lets just leave it now.

Mirabai · 17/01/2024 16:46

Oh enough!

Coconutter24 · 17/01/2024 17:02

“so if there’s no other bidders we’re not willing to pay full asking.”

It’s totally up to you what you offer and you know what you are willing to pay but that doesn’t mean the seller will accept your lower offer just because there’s no other offers yet. Also depends how quick the sellers want to leave or if they are happy to wait until they get an offer they are happy with. I had a silly low offer but declined as I wasn’t willing to sell the house for less than what I wanted… it paid off because someone did come with a great offer.

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