[holland]

Has anyone offered under an 'offers over' house for sale?????:confused:

Does this make sense?!?

J x

[sizzlingbadger]

Try it and see what the reaction of the agent is, they'll look at you like you're completely bonkers if it's too low and say would you like to reconsider the offer :D Depends how long the property has been on the market, if it's been sitting there a while then definitely go under, if it's just gone on the market then you could try but may not get anywhere.

Probably know this already .... Just make sure you have on the clauses section, a valuation (especially if you're not to sure on the prices in the area), LIM, finance and a builders report. You don't necessarily have to have done all these to go unconditional but it's nice to know you will have got them there just in case. Especially if you get a valuation done and it's lower than expected, you can go back and renegotiate, if it's higher than your asking price then it'll be an added bonus :)

Good luck and fingers crossed it works for you :nice1

[holland]

Thanks for tips...we have only been for one viewing...not planning on putting an offer in right now...we have a second viewing on Monday. It is at the top end of our budget big time! It has been on the Market for 9 weeks and had no offers so far...however they have just recently reduced it y $60.000 so I think it is unlikely that they will go lower!!!!!!!!!!!!!!!!!!

They have seen a property that they are interested in so this may sway them....$5,000 would make a huge difference to us!! I think I might just be cheeky!.....but I am a bit nervous about doing it!Who knows, we could go back on Monday and not like it!!!!!!!!!!!!!!!!!!!!!

J x

[sizzlingbadger]

Don't feel nervous about putting in an offer of what you feel the property is worth, never put in an offer if you think it's too high for the property you can always go up not down :)

[femke]

Just go for it, put in a lower offer than you are prepared to pay, the vendors will then hopefully counter offer,:yes that gets the process moving, don't be afraid to banter a little, don't let the agent know how much you are willing to pay, each time you counteroffer make a point of telling the agent that this is as far as you can possibly go, each time he will come back and tell you the same thing.
Just remember as nice as the agent is they are working for the vendor. A woman i work with has just sold her property in Puketapu, and bought in Greenmeadows, she made sure she did her homework, knew how long house had been for sale, even knew circumstances why the people were selling, the house had been on the market a few months, and they wanted a quick sale. With no offers so far she went in with a offer much lower than the asking price, knew that it wouldn't be accepted, but it started the ball rolling. After much toing and frowing with counter offers they got the house at a lower price than it was advertised:laugh
Just remember you are in a good position that you have nothing to sell.
Don't be afraid to offend just go for it.
Moira

[mossum]

will PM you

[ourquest]

Just remember as nice as the agent is they are working for the vendor.

In my own experience agents are usually working for themselves. If you are a purchaser then it feels like they are on the side of the vendor, and if you are the vendor it feels like they are on the side of the purchaser.

Best approach is to submit offers unemotionally. This way if the offer is rejected you don't personally feel rejected. Every vendor would prefer to be getting some offers to reject, rather than no interest. And sometimes the vendor just wants out...and this will happen more and more in a falling market which NZ appears to be.

And since many vendors and agents won't be acting unemotionally, don't discuss the property with excessive enthusiasm with either the agent or the vendor unless you are intending to offer close to asking price. This builds anticipation in them and if your offer is then low they are more likely to overreact and reject it than if your low offer arrives out of the blue.

And be prepared to walk away from the deal if your offer is not accepted or negotiations are not moving in your favour (although it is always best to be looking for a deal which suits both parties..."win-win"...of course the best indication of this is two main signatures on the agreement). And don't believe everything an agent is telling you. The onus is on you to know what you are buying, and if you remain professional, unemotional and calm you won't succumb to any selling tactics.

Good luck:nice1

[holland]

Great advice....so difficult to do but we are trying!!!!!!!!!!!