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Another instance where a buyer may offer 1% to 4% below asking is when there are multiple offers on the table, and sellers typically accept the highest offer. While the majority of homebuyers are looking to save some money, making an offer above asking price isn’t unheard of.Is it cheeky to make a 15% lower offer?
However, an offer of 15% lower may be considered a cheeky offer, but it isn’t so cheeky the seller will think you’re being disrespectful. An estate agent will generally over value a property by 5-10%, making an offer of 15% lower closer to the houses actual value.How much below the asking price is a cheeky offer?
An offer of more than 10% below asking price is considered a cheeky offer. But an offer on a house of 25% below asking price is considered a lowball offer. The percentage of cheeky offer achieved during negotiations depends on who has the upper hand and if its a buyers or sellers market.How much should you offer below market value?
Always start negotiations with an offer based on a percentage of asking price of 90% or less. The percentage of asking price to offer below market depends on how much you want the property vs how much the seller wants to sell. Is the seller motivate to sell is what you need to know?