If you’ve seen a property you like, you might be wondering whether it’s worth making a cheeky offer. Before you do, here’s what you should consider.
What counts as a cheeky offer
There’s no strict rule, but a cheeky offer usually means offering significantly below the asking price.
If a property is listed as “offers over” a certain amount, it generally means anything much lower could fall into cheeky territory.
Do cheeky offers actually work?
Sometimes they do — but not always.
It depends on the seller’s motivation to move, how realistic their expectations are, and what other offers are on the table. A seller who’s already found their next home or is keen to move quickly might be more open to negotiation.
On the other hand, if there’s strong interest in the property or competing buyers, a low offer could quickly get dismissed.
How low is too low?
Before making an offer, think carefully about your strategy. A lowball figure that’s too far off the mark can easily backfire, making the seller less willing to negotiate with you later.
Ask yourself how you’d feel if you were the one selling — the goal is to make an offer that’s competitive enough to be taken seriously, even if it’s below asking price.
How to strengthen your position
Whatever offer you make, your chances improve if you’re in a strong buying position.
If you’re a first-time buyer or cash buyer, you’ll naturally be more appealing to sellers.
If you have a home to sell, you’ll be in a better position if it’s already on the market — or, ideally, under offer.
And if you’re buying with a mortgage, make sure you have a mortgage in principle ready. This shows sellers that you’re serious and financially prepared.
Thinking of buying or selling in Thetford?
If you’re planning to make an offer but haven’t yet listed your own property, now’s the time to get started. Having your home under offer gives you a stronger hand when negotiating.
Get in touch for a free valuation and expert local advice on your next move.
And if you know someone currently house hunting, share this article with them — it could save them from a costly mistake.
Article by Andrew Overman | Partner | Location Location East
