Page 4 | Is this offer ridiculous

Travelcrazy · 2025-02-02T07:09:34+00:00

We are looking at moving and there is beautiful house on the market in the village that we want to move to. It came onto the market in November at £375,000. Last month it was reduced to £350,000. The most we can afford is £310,000. Is it pointless viewing it. I don't want to bother if we have no hope of getting it.

HellsBalls · 03/02/2025 08:19

The vendor has already been trying it on at £375k, they could still be trying it on at £350k.
Their opinion of how much it is worth does not need to be revered.

SoNiceToComeHomeTo · 03/02/2025 08:20

You could tell the agents your max budget and ask if it’s worth viewing. That is not piss taking and it’s just possible that the vendors are desperate for a quick sale and might consider your offer at some point.

WomanFromTheNorth · 03/02/2025 08:25

It's not ridiculous at all. Just go and view and tell then that's all you have. They can take it ot leave it. Where we are right now, the market is dead. It's a buyer's market in lots of places. You have nothing to lose by offering this.

Twiglets1 · 03/02/2025 08:40

SoNiceToComeHomeTo · 03/02/2025 08:20

You could tell the agents your max budget and ask if it’s worth viewing. That is not piss taking and it’s just possible that the vendors are desperate for a quick sale and might consider your offer at some point.

Though we didn't actually tell the EA our max budget when we wanted to view current house, we did tell them it was way out of our price range. They urged us to view it anyway and during the viewing, told us the sellers were keen to get the house sold so were open to offers.

In my opinion a good EA will always encourage viewings from proceedable buyers, even if they do indicate that they can't afford the price it's listed at. Because even if the sellers do reject the offer, they may consider it in future if committed to selling & if no better offers come in.

As a seller I have always thought better to have low offers than no offers. No offers is way more depressing.

SoNiceToComeHomeTo · 03/02/2025 10:42

Twiglets1 · 03/02/2025 08:40

Though we didn't actually tell the EA our max budget when we wanted to view current house, we did tell them it was way out of our price range. They urged us to view it anyway and during the viewing, told us the sellers were keen to get the house sold so were open to offers.

In my opinion a good EA will always encourage viewings from proceedable buyers, even if they do indicate that they can't afford the price it's listed at. Because even if the sellers do reject the offer, they may consider it in future if committed to selling & if no better offers come in.

As a seller I have always thought better to have low offers than no offers. No offers is way more depressing.

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I agree. As a seller I've never been offended by low offers but have refused them 'at the moment' and hoped for a better one.
As a buyer I once made a low offer on an otherwise lovely house with two falling-down conservatories that would be expensive to remove and make good (the boiler was in one), and the EA told me quite rudely to get lost, then rang up a month later to say that the vendors were now accepting my offer. I was proceeding with another purchase by then and said it was too late, but they continued to pester me at an even lower price than the offer I had made. Some EA are a bit rubbish frankly.

Twiglets1 · 03/02/2025 10:53

I agree @SoNiceToComeHomeTo that wasn't a good EA.

A good EA will always be polite to potential buyers regardless of how low the offer because they never know if they might increase their offer later on. Or if their client may decide to accept a low offer later on.