How low can you go?

Pineapple82

New Member
Messages
6
I am interested in a property that has been on the market since February at €350k, there have been no bids, and I was wondering how low I could go with a bid? I honestly wouldn't pay more than €310K, but I don't want to start there - would €280K be way too low?
 

David1234

Frequent Poster
Messages
214
A house is only worth what someone is willing to pay for it. I would bid 280k if that's the level you are comfortable at for now.
 

Leo

Moderator
Messages
10,086
Sometimes vendors can have an unrealistic expectation of what they can achieve, and won't budge. What are similar properties in the area selling for?

The only real risk of bidding too low is that the vendor or agent might take the hump, not take you seriously and ignore any subsequent offers.
 

Pineapple82

New Member
Messages
6
Sometimes vendors can have an unrealistic expectation of what they can achieve, and won't budge. What are similar properties in the area selling for?

The only real risk of bidding too low is that the vendor or agent might take the hump, not take you seriously and ignore any subsequent offers.
This time last year, you might have got €330k but everything seems to have slowed down. It's very hard to judge to be fair. I think the vendor is expecting to get about that, so they're not accepting any low ball offers. I will wait and see.
 

demoivre

Frequent Poster
Messages
2,584
I am interested in a property that has been on the market since February at €350k, there have been no bids, and I was wondering how low I could go with a bid? I honestly wouldn't pay more than €310K, but I don't want to start there - would €280K be way too low?
How much rent could you get for the property ?
 
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