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Fwiw, my gf and I put an offer well under asking (12%) back in Jan on a place that had been advertised for a month. Our offer came up a bit, but still under asking (6%) which was still declined. Said we didn't want it enough to pay much more, explored other options which fell through (will tell that story later maybe).
Revisited the idea a month later, saw property still live, emailed to re-offer 6% under asking and it was accepted immediately.
Colm89-
Yes, I have agreed a price now; slighly higher than my first offer but I'm quite happy with the outcome.
Possibly, I could have held out and got it at my original offer in a few weeks time, but I am quite keen on this particular place. And I don't like uncertainty. And I'm not very good at negotiation...
It's definitely more of a buyers market now.
ChasnotRobert
I've seen a place I'd like to make an offer on. Is an offer 6% below asking price a p*ss take, or reasonable in current market? I want to open a negotiating position that leaves somewhere to go, but doesn't cause offence.
Needs work done on windows and doors plus carpets have been chewed up by previous occupants dog.