Yes, offering 10% below the asking price is generally considered a reasonable, standard starting point for negotiations, especially in a buyer's market or if the property has been listed for a long time. One in four sales are currently agreed at 10% or more below the asking price.
Start low: When you are making an offer on a house, a good rule of thumb is to offer 5% to 10% lower than the asking price. Sellers often take this into account and market their property for more than they would accept.
If you really are committed to reducing your asking price, it needs to be an impactful change. As buyers tend to search 10% either side of their budget, your reduction needs to be at least 10% in order to reach the fresh sets of eyes you are looking for.
A true lowball offer is considered to be 20% off the listing price. For example, if your home is on the market for $850,000 and you receive an offer for $680,000, you've received a low ball offer.
How much below the asking price should I offer in 2025?
5-10% below asking: Reasonable starting point for most negotiations. 10-15% below asking: Justified for overpriced properties or those needing work. 15%+ below asking: Considered "cheeky" offers with higher rejection risk.
While by no means a boom, it will represent a turnaround in central London's property market in the midst of a decade long decline in prices. Values across London's most rarefied postcodes fell by 4.8 per cent last year, according to Savills, leaving prices 24.5 per cent below their 2014 peak at the end of 2025.
Typically, a lowball offer ranges from 10% to 30% below the listing price; however, this can vary based on factors such as market conditions, the home's value and condition, and how long it has been on the market.
When we see $20 off instead of $10 off for a $200 item, we think of the number 20, which is higher, so better. Mathematically, amount offs will look bigger than percentage offs when the price is higher than 100. When we perceive a promotion as better value, we're more likely to buy it.
A cheeky offer is a lower-than-asking bid on a house, often made in a buyer's market to secure a property at a better deal. Understanding the concept of a cheeky offer is important for anyone looking to buy a property in the UK, as it can be an effective strategy but also carries potential risks.
What Are Red Flags When Buying a House? Red flags are warning signs that suggest a property may have underlying problems. These can range from visible defects, such as cracks and damp, to less obvious issues like unusual seller behaviour or legal complications with land ownership.
While it can save you money and help in negotiations, the seller may get offended by your offer. Also, you may lose out if there are multiple bids on a house. Getting a home for less than the asking price is always a good thing.
If the salary offered is within the low range for similar positions, consider an initial counteroffer 10-20% higher, and if the salary offered is within the average range, consider a counteroffer 5-7% higher. In addition to compensation data, you should research the cost of living for the area you'll be working in.
To effectively negotiate price, you need to research the market value of the item, determine your walk-away point, and initiate the negotiation with a friendly but firm approach. Be prepared to make a counteroffer and potentially compromise, focusing on the value you bring to the table.
A lowball offer is considered a bid that comes in significantly below the asking price, typically 20% to 25% less than or more than the asking price. There is no hard rule, but if it makes a seller say, "Really?" then you have most likely entered lowball territory. It isn't always a bad move.
Asking for a lower price often forms a key part of a negotiation session. Knowing how to ask for one politely allows you to also work on building a rapport with the other party that could hopefully lead to a long and mutually beneficial relationship.
Typically, lowball offers are somewhere between 10% and 30% below asking, but that can change depending on the market, the home's condition, and how long it's been sitting on the market. In a buyer's market, where there's more inventory than demand, the offer might be more acceptable.
The Indian government continues to strengthen its support for affordable housing in 2025, making it an opportune year for homebuyers. Key programmes like Pradhan Mantri Awas Yojana (PMAY) remain active, alongside state-level incentives that reduce the cost of purchasing a home.
If predictions are to be believed, 2026 will be another year of relatively modest house price growth, with Knight Frank predicting a 3% increase between January and December.
According to Savills' figures, house price growth is expected to remain constrained until 2027, at one per cent this year and two per cent the next. Values will grow in real terms from 2028 onwards, for the first time since 2022. In London, no growth is projected until 2027, and then only at two per cent.
