Is this a cheeky offer?

[Laf90]

House listed in July at £425,000. Reduced the next month to £415,000. House still on the market no further reductions. Would you think £385,000 is a cheeky offer? My house is sstc, contracts currently being prepared. Haven't viewed the house as I don't want to waste anyone's time if the offer is unlikely to be accepted but agent has confirmed still available.

No not at all. It is a good offer and it is there choice if they accept. I would imagine they will come back with a counter offer but go for it. Good luck

Worth a try. They can say no if they want, go for it.

No such thing as a cheeky offer in my opinion. A house is only worth what someone will pay for it and seller will have a limit. If they need to sell they will consider it. If they dont they will decline it

worth a try.

Is it your best and final or an opening offer? How much discount did you give on your house? What is the market like where you are? How do you know you will even like the house of you have not been to see it?

Did you ask the EA if there had been any offers? That will give you a hint. But seems a bit pointless considering it if you've not viewed. View then consider.

It would be our only and final offer. Although we can borrow more this is our max we are comfortable with based on what our mortgage would be, stamp duty, fees etc. No discount given on my house its a shared ownership house so the price is set but affordable housing in our area is snapped up - ours didn't actually make it onto rightmove before we had a buyer. Nothing over £350,000 seems to be moving at the moment in our area with lots of houses having been on for 6 months plus

I would turn down your offer if it was my house, on the basis that it was not serious as you had not viewed. I don't think the amount is the issue.

Yeah presumably you’ll view before you put the offer in otherwise that’s just odd

There's no such thing as a cheeky offer if you are a genuine buyer.
View the house, see if you like it and then offer whatever you are prepared to pay. You are very sensible to not over stretch yourself.

I'd be cautious of accepting an offer from someone who hasn't even viewed the property. I'd worry that you were offering on behalf of a property developer who might try to screw me over further during the process.

Sorry just to clarify we would view the house before offering but don't want to view if the buyers would never consider the offer in the first place.

I don't think OP is suggesting offering without viewing, but rather that she will only view if she thinks there's a possibility her offer might be accepted. On that basis, OP, go and view it.

It is a mistake not to view to avoid wasting people's time etc, unless you know for sure you're not going to offer. Sellers would rather have people through the door, especially in this market, and you gain knowledge of the market and your own priorities even if you don't end up offering.

How do you know what it’s worth if you haven’t viewed it? It may be cheeky, it may not be, you don’t know until you’ve been round it.

Personally I wouldn't accept on offer that low on a property I was selling. They have probably dropped it as far as they can to help with the next house they buy. Have you looked at the guide prices for the property on Zoopla?

No I didn't know you could do that I'll take a look. All I've seen is how much they bought it for in the 2000s ( £250,000)

It sounds like they are serious sellers as they reduced after a month. Try the offer they can only say no.

I wouldn't pay attention to the Zoopla estimates. They are well known to be inaccurate. What the sellers may or may not need for their next house is nothing to do with your offer either. If the sellers need to sell, they will accept the best offer they get. You can always offer whatever you think reasonable and tell them you are happy for the offer to be kept on the table but you will be continuing to view other properties.

I’d go and look then offer what I thought I could and was reasonable. If they don’t accept there’s nothing you can do.

No - its a strong offer if your in a good proceedable position.
However the house your looking at may or may not be able to afford to sell at that. You won't know without trying. Quite a lot of sellers out there at the moment are actually mortgage prisoners. By that I mean if they dont get "x" they will have to stay put. Everyones position as a seller is different.
Your offer won't be offensive thats for sure.

First step is to view the property.

Second step if you like it is to offer what you think it's worth/what you can afford.

Don't worry about offending the owners. It's up to them whether they choose to accept an offer or not but it's not a ridiculously low offer considering the house is on at 415k.

Viewing it will be useful market research for you, whether you end up buying it or not. And for them - a low offer is better than no offer.

Someone looking to buy a house is going to make an offer based on what’s affordable for them and what they think the property is worth. No buyer does or should care what price the vendor needs to achieve to fund an onward purchase.

OP, go and look at the house and make an offer based on what it’s worth to you and what you can afford. I know in my area, houses initially on the market for £485K hve sold for £400K or less eventually.

We accepted £530k on a house we paid £615k for. We had to sell that day or our onward seller would give our dream house to someone else. We’d been looking for 2 years so we took the loss.

You never know the sellers situation so might as well offer.

Depends on price history, when they bought, repairs needed, interest rates when they bought, any lender"s valuation if you are using a mortgage etc.

I had my house for sale at £495000, reduced to £475000 and sold at £435000 as the buyer was able to proceed as in rented. He made a cheeky offer and I accepted after nearly a year trying to sell. You definitely should view.