Putting in an offer for a house

[EllyD]

I have a firm offer for my house and have seen the house I would like to buy, however it is very overpriced for the area - nice though it is, and I am not sure if I can put in a substantially lower offer. The vendors have found the house they want and have offered the full price as they didn`t want to lose it. How do I phrase my offer in a tactful but firm way - I have never had to do this on my own before. I plan to drop �31,000 which seems a lot but is actually fair for the district.

[fina]

hi, 31,000 is alot of money to drop, however if the property has been on the market over 6 months and the vendors are keen not to lose theirs i would give it a go as you have nothing to lose! i would set yourself a top offer though because your first will be rejected if my experiences are anything to go by! is hard by yourself , but if you think is right for you _ GO FOR IT!!!!!

[EllyD]

thank you Fina.

[morbidstorm]

Hi there,

As the Vendors of the property have seen the hoyse they like, they may not be able to afford to lose 31k off the sale of their own house.

If you really do think this is a fair price, get the estate agent who is selling your property to write a letter supporting your low offer, and also ask them to give you some comparables (property details of houses similar to the one you wish to buy which have sold for the avaerage and fair price you want to offer)

Then, when you present your offer to the vendors, you can show clear evidence that the property is overpriced and you have looked into this.

[EllyD]

thank you all very much for your sound advice. I am really grateful. Elly.