Should You Make a Cheeky Offer? Advice for Runcorn Buyers

If you have found a property you like, you may be tempted to make what is often described as a “cheeky offer”.

Before doing so, it is worth understanding what that really means and whether it is likely to work.

What Exactly Is a Cheeky Offer?

There is no fixed definition of a cheeky offer.

Most people would describe it as an offer that is significantly below the asking price.

If a property is marketed as “offers over” a certain figure, a cheeky offer is usually one that comes in well below that guide price.

Do Cheeky Offers Ever Work?

Sometimes they do, but it depends on several factors.

A seller’s willingness to accept a lower offer is often influenced by how motivated they are to move and what they can realistically afford to accept.

It will also depend on whether there are other interested buyers, what they have offered and how ready they are to proceed.

In a competitive market, a low offer may be quickly dismissed, while in quieter conditions it may at least start a conversation.

How Low Is Too Low?

Any offer should be carefully thought through.

An offer that is perceived as unrealistic can alienate a seller and make further negotiations more difficult.

It can help to put yourself in the seller’s position and consider how you would react.

The aim is to make an offer that is low enough to be good value for you, but still credible enough for the seller to take seriously.

How To Improve Your Chances

Whether an offer is cheeky or not, it is more likely to succeed if you are in a strong position.

First-time buyers and cash buyers are often attractive because they can usually move quickly.

If you have a property to sell, you are in a better position if it is already on the market or under offer.

Before making any offer, make sure you understand your budget and have a mortgage in principle in place if needed.

Preparation and clarity can make a real difference.

If you are thinking of buying or selling in Runcorn and would like local advice on pricing and negotiation, contact HomeSmart Estates on 01928 246 888.

If you know someone who is buying or selling their home, feel free to share this article with them.