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What Percentage Of £237000 Is £37000

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Ric.ror | 16:02 Sat 13th Jan 2018 | How it Works
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I ask because that is the difference between my asking price and my first offer is

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About 15.6% if you mean you're asking for 237K and have been offered 230K, a drop of 37K?
16:05 Sat 13th Jan 2018
About 15.6% if you mean you're asking for 237K and have been offered 230K, a drop of 37K?
Simply 37000 divided by 237000 then result multiplied by 100.
I meant offered 200K
15.6%
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Yes Prudie
I’ve been offered £200k which is £37.9k under the price - and I reduced that from £250k a few weeks ago
I’m not accepting that - I’d rather rent it out
That sounds like a very cheeky offer - I'd hang on and wait for something better.
I would hold on....you'll get a higher return off the rent than the money sitting in some term account, even after maintenance expenses etc (tax deductible) - and, hopefully, there will be more capital growth on the property to be had with the passage of time and as we politically and economically stabilise out.
Question Author
I’ve got two more viewing it this week
Why not go back with a counter suggestion that is higher than you are willing to accept and then haggle a bit? You can also then haggle a bit more about furnishings and fixtures, until you get to an offer acceptable to you.
So if your asking price is actually now £237900 the figure offered is 15.9% below this- might as well call it 16%.
Another way to look at is is they they would need to increase their offer by as near as dammit 19% in order to meet your asking price.
I'm not sure whether the percentage matters in the circumstances- it's the shortfall in £s that seems more important here.
The price you should expect to get depends on the local market and how competitive your pricing is, but I'd have thpught you could hang on a bit, see if you get any better offers, and if necessary go back witha counter offer. You need to think about what the minimum is that you'd accept. It also depends on how quickly you need to sell -e.g. are you waiting to complete a purchase of another property.
Let us know how you get on
Question Author
It was initially on for £250 and it’s been on since October. Not really in a rush to sell - I have a sitter in at the moment and will leave it up until June/July then it can go in the rental market
However did we work percentages out before these online calculators came to our rescue

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