Jump to content
House Price Crash Forum
chichi

Cheeky Offer

Recommended Posts

Viewed two places yesterday.

One hadn't had a viewing since January... the bloke let this slip.

So the one was too small to be bothered with, but the other is bigger just very little outside space - but on for WAY TOO MUCH. So she rang me today to ask my thoughts and whether we were interested. I told her the one was way off as it was just too small and the other was way too dear, which is why I'd not rung and put an offer in.

She encouraged me to put a cheeky offer in, so I did. Nearly 15% under his (twice reduced) asking price. She said she'd be happy to pass on that offer and she'll get back to me.

It was well near 5PM so I don't imagine she got hold of him tonight, but it's a lot lower than his original offer.

If she comes back to me with him saying yes then I shall have to be more cheeky and say I obviously offered too much and ask for a further 5k off. :)

Share this post


Link to post
Share on other sites
Viewed two places yesterday.

One hadn't had a viewing since January... the bloke let this slip.

So the one was too small to be bothered with, but the other is bigger just very little outside space - but on for WAY TOO MUCH. So she rang me today to ask my thoughts and whether we were interested. I told her the one was way off as it was just too small and the other was way too dear, which is why I'd not rung and put an offer in.

She encouraged me to put a cheeky offer in, so I did. Nearly 15% under his (twice reduced) asking price. She said she'd be happy to pass on that offer and she'll get back to me.

It was well near 5PM so I don't imagine she got hold of him tonight, but it's a lot lower than his original offer.

If she comes back to me with him saying yes then I shall have to be more cheeky and say I obviously offered too much and ask for a further 5k off. :)

Unless they are going to be destitute by not accepting your offer, I wouldnt.....Dont forget, most people selling do not HAVE to move and they will NOT be desperate. Why does everyone assume that all houses for sale are by DESPERATE sellers.

Many people are reducing the price of their houses because valuers (sorry, Sally who works in the acrylic nail bar in town on a Sunday and sings at the karoke in a track suit and pony tail) have made mega mistakes regarding house prices, also allowing the seller to dictate the price.

I recently had three valuations on my place, they varied greatly to be honest. I told each of them that I wanted to put it on the market £20,000 over their top valuation and they agreed to do it should I want to sell. On a property that runs into the many hundreds of thousands OK, maybe they could get away with it, but not when the extra £20,000 I said I wanted to add was adding almost another 20% to their original highest valuation. Its bonkers.

Edited by bricksandmorter

Share this post


Link to post
Share on other sites

They just rang back. They want near the asking price. I am not increasing my offer so it's been rejected. Which is fine! It was a cheeky offer and one he's not prepared to look at yet.

The property has been empty for a year and has had to be refurb'd after the last set of people moved out so it's their money that's being wasted.

Share this post


Link to post
Share on other sites

I've never understood the thought process of some people selling a house.

Its been empty for a year, there is definite negative market sentiment, backed up by real figures showing a declining market and yet this person believes he can beat the market?

Share this post


Link to post
Share on other sites
And if they come back to you in the coming weeks/months. Make sure that cheeky offer is rounded down again by another good 10%. :ph34r:

If they do the offer would be a good chunk lower. Just got the letter of offer sent from estate agent today - never had one of them before. :)

Share this post


Link to post
Share on other sites

It would be useful to know what region/city the the property was in, and everyone's idea of a "good chunk" of cash is very different - it used to be that 10% under the asking price was the norm, not something to be considered cheeky - so I personally don't think 15% under is that cheeky really - although it kind of depends on the cost of the house...

I wonder if EAs will begin/already are actively encouraging potential buyers to put in cheeky offers for them to pass across to the vendors - in an attempt to change the opinion of a stubborn vendor. The EA probably doesn't want a property stuck on their books for over a year, as it doesn't look that good for them. By passing on a couple or more "cheeky" offers, they can then use that by way of example to the vendor that they should make bigger reductions on the asking price.

Share this post


Link to post
Share on other sites

Well I viewed a large maisonette in Brighton which was priced at offers between 265 and 275.We really liked it and for reasons i have talked about here before we do need to buy asap.We offered 230 cash as it is above a commercial premises and although immaculate that does affect its value.The agent was horrified and said it had to be in the guide and no way was 230 even close.We also recieved a letter re offer the next day. 2 days later and the price hd come down to 250 but still not sold so if they do get back to me i will reduce to 225 and also hope for a low surveyors valuation Will keep you posted

Share this post


Link to post
Share on other sites

North Manchester - New Moston - was orig on for £120k, reduced in two chunks of 5k to £110k. My offer was 95k.

It probably needs a rewire (or at least some extra sockets) and a couple of new windows and some odds and sodds doing to it - but you could move right in without any worries. Bathroom and kitchen are fine and it's all new decoration and carpets.

I think a similar one sold for £124k last year but would have to double check

But the only people buying round here have been landlords for the last 4 years (virtually every sold has had a to let sign on it, or we've known which landlord is it bought it)

Share this post


Link to post
Share on other sites
North Manchester - New Moston - was orig on for £120k, reduced in two chunks of 5k to £110k. My offer was 95k.

I think you've named you're thread wrong !!! It should have been:

"I've offered too much and they might accept, what should I do!!!".

Seriously, 95K aint a bad offer at the mo.

Share this post


Link to post
Share on other sites
I think you've named you're thread wrong !!! It should have been:

"I've offered too much and they might accept, what should I do!!!".

Seriously, 95K aint a bad offer at the mo.

LOL I know but she'd not have put 85 forward to him. I had already emailed them to say I wasn't making an offer on the property as I felt it was priced too high ...

I did see the auction earlier this week - but none were in areas I'd buy either even if they were giving them away. :)

It'd be fab to get something similar for 50k - but that's a few years off yet (Or weeks, who knows!)

:)

Share this post


Link to post
Share on other sites

I viewed a property yesterday reduced to 300K - I offered 250K they declined............. ah well............Patience is a virtue - less then 20% under asking price. My opinion is so what? there will always be another one along sometime and it will likely be cheaper. Harold Wood, Essex location :P

Share this post


Link to post
Share on other sites

A woman at work selling her 2 bed house in Dorset for about the 145 mark has had it on the market for 2-3 months. All she has had is two offers of 20k and 25k less than asking price. The estate agent advised not to take either offer, she does not need to sell (just wants to move area) so she will not sell. The only people who will take an offer are those that need to sell, ie at the margins. I think the trick here is to actually make friends with the devil (estate agent) and try to get help weadeling those people who have to sell out of their hidey holes.

Share this post


Link to post
Share on other sites

I popped a box of chocolates into the estate agents & thanked them for putting the offer forward on my behalf, even though it was unsuccessful. Speculate to accumulate eh!!! Well, you never know. Was worth three quid for a try. They might remember me when the vendor does reduce of when something else comes up.

Share this post


Link to post
Share on other sites
I popped a box of chocolates into the estate agents & thanked them for putting the offer forward on my behalf, even though it was unsuccessful. Speculate to accumulate eh!!! Well, you never know. Was worth three quid for a try. They might remember me when the vendor does reduce of when something else comes up.

Ah this is probably a good idea. I had thought of going in with a home made cake but then I might need their help in future :)

Share this post


Link to post
Share on other sites

I did the same yesterday.

Offered 540000 for a property on at 600000 in Surrey

The vendor wasnt interested at any offers below 590000.

On interrogating the estate agent whilst viewing it appears the Vendor has already exchanged on another property so Im cautiously optomistic they will be coming back to me when the reality of bridging the gap hits.

Im a cash buyer in rented property at the moment so could have completed very quickly.

Bit of a shame as I liked the house

Share this post


Link to post
Share on other sites

REB - I'd be sending a friend round to view & place another low offer on that one. You offered less than 10% off of asking. Well, if he comes back to you, no doubt you will offer even less. Good luck

Share this post


Link to post
Share on other sites
Reb,

Could it not be that he's a cash buyer of his soon to be other property?

And although you are a cash buyer, (and in most circumstances be ahead of the que where preference is concerned), you might not be that unique I'm afraid.

Good Luck.

My gut instinct is that he probably can complete without selling first but wouldnt want it to continue to long.

There are loads of people around this area with large amounts of cash to spend and wouldnt need finance

One of them bought my house last year. Didnt look like he had 2 pennies to rub together. Turned up in a batterred old car and didnt think twice about offering just south of 3/4 million with no need to sell his current property as he had decided to rent it out. It was all done and dusted in 6 weeks which is why I ended up renting which to be honest wasnt my intention

Having ended up in this rather fortunate position Im determined not to blow it. In the last crash I managed to buy a house at the very peak almost to the day and it was 10 years before I brioke even. It never really bothered me as it was a home to bring the kids up and never meant to be anything else.

My biggest battle is trying to reign the wife in as she really wants her own nest and is not intending to rent for long

If all goes well I can buy a nice house at a reasnoble price, Have enough left over to bung the kids a deposit and buy an old 911, the one with the great big spoiler on the back, always wanted one of those, to drive me and missus down the local for dinner once a week.

I reckon 20% drop should do that but as I say Mrs REB aint really buying this HPC yet and Im not sure how long I can hold her back.

Anyway good health to you all and a very happy easter

Share this post


Link to post
Share on other sites

Yes, good luck REB. By all means wait to see if prices decrease significantly in the 'stock broker belts' but IMHO the truly popular family homes are rarely available at significant discounts. Lots of people with 'pots of cash' in many areas of Surrey and not even necessarily those with very high incomes. I'm aware of several middle-income families who have inherited houses when parents pass on. They may keep or sell in which case 'Voila' they are quite cash rich and have deep pockets when it comes to buying said popular houses.

As far as the 911 goes, I applaud your taste. Make it a 964 rather than 993 or later variants and you get the classic shape, that wonderful air-cooled engine/sound effects and a very reasonable cost (starting at sub £10k !). If you join the Porsche Owners Club and get classic car insurance from an insurer/broker like AON, get it serviced by a specialist and the ownership costs are less than running a newish BMW for example.

Share this post


Link to post
Share on other sites

Well Im pleased to report a purchace has been made. It all happened rather quickly and I was caught a bit on the hop.

I was having a drink with a friend of mine who is imigrating to NZ. He rather casualy announced that he was selling his nice guards red, Porsche 911/964 carerra 4, 15 years old. and needed to get rid of it post haste.

He was intending to ship it to NZ but I think he realised it was a bit of a nightmare.

went and picked it up Saturday.

what a beast.

I cant say Mrs REB is too impressed but you only live once.

Share this post


Link to post
Share on other sites
Well Im pleased to report a purchace has been made. It all happened rather quickly and I was caught a bit on the hop.

I was having a drink with a friend of mine who is imigrating to NZ. He rather casualy announced that he was selling his nice guards red, Porsche 911/964 carerra 4, 15 years old. and needed to get rid of it post haste.

He was intending to ship it to NZ but I think he realised it was a bit of a nightmare.

went and picked it up Saturday.

what a beast.

I cant say Mrs REB is too impressed but you only live once.

A sensible purchase, it will only go down in value 5% per annum, unlike houses :lol:

Share this post


Link to post
Share on other sites

Congratulations - you'll love this car and I'm sure Mrs REB will warm to it given time (esp. if you let her drive it now and then :blink: ).

Roll on the good summer weather so you can really enjoy cruising in the car. Although the 4 wheel drive makes the "4" a great car to drive in any weather really. Guards' Red soooooo suits the 964. Previously had a pre-owned '91 model myself. Fab car in all respects bar the archaic heating system and tendancy for a flat battery if not regularly used.

Share this post


Link to post
Share on other sites

REB - congrats from me as well.

I know only full well what its like to have a spouse nagging you to buy a nice house - logic just doesnt come into it! As for the Porsche - well, if she is anything like my spouse, she would be saying 'if you can afford to buy a Porsche you can afford too (insert various items here such as house / kitchen / overseas villa / wardrobe). Hope the Porsche hasnt reduced your negotiating position with the spouse too much!

Best wishes - Mike

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.