#9110918, By malloc Making an offer on a house

  • malloc 28 Oct 2012 08:48:40 2,346 posts
    Seen 28 minutes ago
    Registered 12 years ago
    How much is reasonable? Is there a point where I'm taking the mickey to offer so low that I'd get laughed at?

    Scenario:
    House put on the market for 260k. After not selling for a while the market price is reduced to 250k. Looking at the history of house prices on that street the most comparable house went for 225k a year ago. In that time house prices have gone down. Appreciate there's more to the house price than what other houses have gone for. If I made an offer for 220k, would that look ridiculous? I'd be knocking over 10% off the price.

    I'm a total n00b at all of this, anyone got any experience with all of this?
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