Cheeky but realistic low offers on houses / cars
Discussion
It doesn’t bother me if someone offers me far less than what I want. I just advise them that I won’t accept that offer. It leaves both sides open to striking a deal.
They want to pay as little as possible, you want to get as much as possible. They are interested in what you’re selling, you’re interested in getting their money. Those are the ingredients for making a deal
It won’t always work but I find no harm in being open
ETA: the only time I’ve ditched a potential buyer was when selling my old Vectra on Gumtree. I got a text with an offer around a third of what I wanted (it was well priced already)
“£250 m8 take it or live it. U wont get a beta offeer”
“Thanks for the advice, let’s see what I get.”
“M8 my offer is until lunch tym bud take it or live it ur loss”
By lunch time I had had a guy agree to see it the next day who bought it for the asking price. I didn’t ditch the first one because of the price, but because he was clearly a w
ker
They want to pay as little as possible, you want to get as much as possible. They are interested in what you’re selling, you’re interested in getting their money. Those are the ingredients for making a deal
It won’t always work but I find no harm in being open
ETA: the only time I’ve ditched a potential buyer was when selling my old Vectra on Gumtree. I got a text with an offer around a third of what I wanted (it was well priced already)
“£250 m8 take it or live it. U wont get a beta offeer”
“Thanks for the advice, let’s see what I get.”
“M8 my offer is until lunch tym bud take it or live it ur loss”
By lunch time I had had a guy agree to see it the next day who bought it for the asking price. I didn’t ditch the first one because of the price, but because he was clearly a w
ker Edited by Jimmy Recard on Friday 13th July 09:40
If it's a low realistic offer that's one thing.
If it's a 'cheeky' offer that's another. It's flagging you up as the sort of person who might be a problem all the way through and cause trouble later by taking the piss.
Of course this is easier to judge if you've met the person making the 'cheeky' offer.
So maybe you get a negotiation or maybe you get a solid fk off.
I guess it depends how much you actually want the thing you're after. If you're not that bothered that's just another black mark that you aren't really serious.
If it's a 'cheeky' offer that's another. It's flagging you up as the sort of person who might be a problem all the way through and cause trouble later by taking the piss.
Of course this is easier to judge if you've met the person making the 'cheeky' offer.
So maybe you get a negotiation or maybe you get a solid f
k off. I guess it depends how much you actually want the thing you're after. If you're not that bothered that's just another black mark that you aren't really serious.
mikal83 said:
Nope the idiot was the one making the stupid offer, they lost, the next person that offered we negociatted and came to a deal. That's what you get when you try it on, piss of the seller.
Well, I always like the story of how RIchard Branson bought Necker Island. It was up for sale for £6mill, Branson offered £100k which was refused out of hand.A year later, there had been no further offers, Branson knew the old, bankrupt Lord that was selling it was desperate for cash, so he raised his offer to an eye watering £180k which was accepted.
I'd say its always worth a cheeky offer.
swerni said:
13aines said:
Well I just purchased a house at 6% over the asking price 
we paid £50k over the asking price when we bought ours.I need to learn to negotiate better
If 50k is 6% would make the house worth 833k then lol ? Either way must be in the South East
Schmed said:
In what situation would you pay over asking ? I'm guessing massively rising market / some kind of competitive bidding scenario ?
If 50k is 6% would make the house worth 833k then lol ? Either way must be in the South East
Scotland is possible also Sheffield brother has been trying to buy a house in Sheffield for over a year and every place they tried to go after ended up with offer way way over what they were up for and we arnt talking offers over they were up at fixed price.If 50k is 6% would make the house worth 833k then lol ? Either way must be in the South East
luckily they have just managed to get one and moved in last week
A mate bid £325k no chain for a house advertised at £500k.
They accepted, no further negotiation. This was an estate sale being sorted by solicitors as no immediate family and being split many ways.
He told me £375-400 was a reasonable valuation, £325k was all he could afford at the time.
Always worth asking.
They accepted, no further negotiation. This was an estate sale being sorted by solicitors as no immediate family and being split many ways.
He told me £375-400 was a reasonable valuation, £325k was all he could afford at the time.
Always worth asking.
Would concur there's no answer to the q....
But chances of getting away with it are massively increased by talking and being able to see beyond cosmetics.... My current abode 20 years ago had been on the market for 2 years mainly due to some questionable decorative taste, hamfisted DIY projects, no maintenance in 40 years and a lawn turned over to brambles....
Was looking for a fixer upper anyway so weighed in 25k under the asking price of 120k as a one time offer....and they took it .....happy days.....
Cars again can be had way under asking if older, especially from private sellers who generally want rid or a bit more than the trade in price. New / newish ones a little more tricky....
Haggling is not exactly a British trait....
But chances of getting away with it are massively increased by talking and being able to see beyond cosmetics.... My current abode 20 years ago had been on the market for 2 years mainly due to some questionable decorative taste, hamfisted DIY projects, no maintenance in 40 years and a lawn turned over to brambles....
Was looking for a fixer upper anyway so weighed in 25k under the asking price of 120k as a one time offer....and they took it .....happy days.....
Cars again can be had way under asking if older, especially from private sellers who generally want rid or a bit more than the trade in price. New / newish ones a little more tricky....
Haggling is not exactly a British trait....
I sold my house this year. It had two buyers fall through and I was deperate to sell as we had our new place lined up. We were close to completing when it fell through a second time. It was priced at £160k and my buyer agreed to pay £161k to beat off opposition but he walked away when his solicitors advised against it because of a capped mineshaft in a neighbours garden.
I re-marketed at £160k, expecting to take a hit to move it quickly and would have accepted £150k.
My third buyers offered £162k, we completed last week. They are chuffed to hell with it and so am I!
I re-marketed at £160k, expecting to take a hit to move it quickly and would have accepted £150k.
My third buyers offered £162k, we completed last week. They are chuffed to hell with it and so am I!
mikal83 said:
TwigtheWonderkid said:
mikal83 said:
I had a "cheeky" offer on my house years ago. I told my agent not to accept any offers again from the potential buyer!
Well you're an idiot then. They were trying it on, but may have come back with an acceptable offer.They're buying a house, the biggest purchase of their life. There's always a chance you are desperate to sell so a chance that a stupid offer might just be accepted. They don't know you or your circumstances, nor really care if you live or die. Why should they. They are trying to get the best deal for themselves and their family. Good on them.
People take house buying and selling very personally. It's crackers. I always make a stupid low offer, and I have no issue with the same being done to me. Many years ago, when buying a flat, I made a stupid offer, and they came back saying "add £2500 and it's yours!" I would have paid about £40K more!!!!
There is no right answer as others have said.
The only thing i would say is that if you are going to go low enough to be a kick in the balls for the seller tell them why you think that it is worth so much less than they think it is. It might not convince them but it's likely to make the low ball much more palatable and increase the chances of it's consideration, or a counter offer at a price you are willing to pay.
Sometimes there is no accounting for seller's positions. I was looking at a house 3 years ago which they wanted, say, £500k for. Liked it and noted it needed a lot of work so got a survey done (just shy of £1k) and that confirmed that the sellers were asking very strong money for it and that it needed over £25k of work in the next 12-18 months before we even started to think about the extras we wanted like ripping down the asbestos garages, etc and replacing with new.
Seller would not accept £30k off, nor even £15k which was the most my wife and i would go to.
Property is still on the market for the same figure having been taken off and put back on a few times and none of the works needed have been done, which means that the work that will be needed will be much greater than it was 3 years ago (windows will now be totally shot and need replacement, not refurb., Septic Tank still not working right and will certainly need a mini treatment plant and possible increase in ground contamination, garages will be in worse state that the 'being held up by the cobwebs' one they were last in, etc.)
The only thing i would say is that if you are going to go low enough to be a kick in the balls for the seller tell them why you think that it is worth so much less than they think it is. It might not convince them but it's likely to make the low ball much more palatable and increase the chances of it's consideration, or a counter offer at a price you are willing to pay.
Sometimes there is no accounting for seller's positions. I was looking at a house 3 years ago which they wanted, say, £500k for. Liked it and noted it needed a lot of work so got a survey done (just shy of £1k) and that confirmed that the sellers were asking very strong money for it and that it needed over £25k of work in the next 12-18 months before we even started to think about the extras we wanted like ripping down the asbestos garages, etc and replacing with new.
Seller would not accept £30k off, nor even £15k which was the most my wife and i would go to.
Property is still on the market for the same figure having been taken off and put back on a few times and none of the works needed have been done, which means that the work that will be needed will be much greater than it was 3 years ago (windows will now be totally shot and need replacement, not refurb., Septic Tank still not working right and will certainly need a mini treatment plant and possible increase in ground contamination, garages will be in worse state that the 'being held up by the cobwebs' one they were last in, etc.)
I think how you phrase it can be important too. If you go in with "I can't afford it but it looks really nice, I do have £XX if you're interested but if not then fair enough" you'll probably get a better reaction than "£XXX now mate, U wont git moar, old out yer aaaaaaaand (xx lolz brapp etc)".
The sort of seller that will rudely tell you to do one then refuse to deal further isn't the sort of person you'd want to be dealing with anyway so no loss really.
The sort of seller that will rudely tell you to do one then refuse to deal further isn't the sort of person you'd want to be dealing with anyway so no loss really.
mikal83 said:
Nope the idiot was the one making the stupid offer, they lost, the next person that offered we negociatted and came to a deal. That's what you get when you try it on, piss of the seller.
And yet if you hadn't acted like a baby you could have had 2 buyers on the hook and negotiated a better price Gassing Station | The Lounge | Top of Page | What's New | My Stuff