What price reduction is reasonable??

[foursquares]

Property originally listed last year (2025) for £520k. Reduced to £475k, didn't sell. On market for 6 months.

Reslisted this year for £450k. One offer in first week, no other offers apart from mine (accepted £435k in 4th month).

I've had a building survey done and needs a new roof (costs £20k approx).

Seller initially did not budge on price, so I withdrew 4 weeks ago, & she relisted. Yesterday, she came back and offered "£3-4k reduction"

I'm thinking minimum 50% of cost. Is this reasonable and how would you negotiate this?

Depends on how much you want to move and how much you like the house. Prices are going down in a lot of areas and only the most reasonably priced houses are selling.

Course he did. But 3 quotes gives a better idea.

I don't think it's a good offer. She only came back with reduction because no one else is interested. The market is getting tigher, with both 2 and 5 year mortgages increasing substantially since summer. We're 95% certain to get 0.25% base rate increase in Nov, and money markets are pencilling another 75pbs over 2027.

Additionally, the number of properties on market is at a 12 year high. The right priced properties will sell, others will just sit.