My house is up for sale at £109,950. should i accept £102,000. ?

I would go back at £105,000

Depends how much you want to sell.

I recently offered 145000 on a house priced at 158000, they came back and asked for 150000 so I said I would split the difference and got it for 148000.

In your case ask them to up their offer to a couple of grand more than you think they would pay and be prepared to split the difference.

Good Luck

Why not counter offer and meet them in the middle?

How long has home been on the market? HOw long have you owned home? Are you making or losing money with either price? How much difference does 7,000 make in the overall sales figures to you?

That's a daft question - it depends on lots of things including:
Is it worth £102,000?
Do you need a quick sale?

No that is a big drop, when i sold mine i had cheeky offers but stood my ground mine sold for £1500. under the asking price but i had refused lower offers.

Possibly. You haven't given us enough information to be able to help!

Don't take the first offer you get! I'm in the process of buying and am offering well below what I would really pay!!!

nope - let them come back with a better offer

If you look at the market right now nothing is selling. The fact that someone actually wants to buy your house is great. If your in a financial bind and don't feel that you will get another offer any time soon then lower your amount. If your not worried about it than stand firm at what your asking or counter offer at $107,000 and stand firm. Final offer.

It depends!

Did you put it on at nearly £110k because you know it's worth that - or were you putting it on high and hoping for around £105k?

Do you need to move quickly, or are you in a hurry?

Is this their first offer, or have you negotiated up to this point? Is this their final offer?

How long has your place been on the market? Has it had a lot of interest?

If you're in a hurry to sell, or it hasn't had much interest, consider taking it.

But if this is their first offer and they haven't said it's final, then try to push for more. If you would be happy with £105k, tell them that you'd be willing to meet them halfway and settle for that as long as they move quickly. If they are in a chain, they aren't really in a position to bargain with you.

If this helps, my boyfriend recently sold our old apartment. We initially put it on at £192k. It had an offer straight away - which later fell through. It had a few more offers along the way, but nothing substantial. We dropped the price to £189,950 when viewings slowed down. It took a while to sell. All in all, it took 6 months from putting it on the market to completion. We eventually accepted an offer of £185k. They offered £180k first, so we agreed to meet in the middle. Sometimes it's better to lose £4k than risk having it sitting on the market for months if you need to move quickly. In our case, we were desperate to sell as we are also paying rent at the same time. But maybe you're not that desperate?

Overall, if it has been on the market for less than 1 month and has had a lot of viewings, consider either getting them to up their offer or waiting a little while longer. You can always try to get the agent to keep the potential buyer's details so that you could come back to them in a few weeks and see if they still want to buy it.

Bottom line - go with a price that makes you happy. Don't settle for £102k if you can't afford it. Don't panic. But if it's been on for over 3 months or hasn't had many viewings, don't be greedy. Your home isn't worth what the agents value it at - it's worth what someone will pay for it!

Good luck!

xx Emmie

It depends if you want a quick sale and if it was just overvalued in the first place

It seems rasonable enough, but only you know your financial situation. perhaps you'd prefer to keep the house than accept a lower offer. also i think it depends on how much interest you are getting in the house and what other houses in your area are going for. but i'm sure you probably already know that.

It depends on if it's cash or check and it also depends on if you' re moving quickly into another house or living with relatives, but I would take it because its a gamble they could walk away and you won't get a sale for awhile.

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