Maria, all to aware, the estate agents were bang out of line.

The actual conversation went - house up at 120k

Mate ' I want to offer 100k"

Agent laughs "they wont accept that, you will need to offer atleast 115k, you'll never get the keys to that house for 100k"

Mate " well that is my offer, let me know"

Agent comes back witha refusal apparently from owner.

Mate goes round and knocks the door, and say, "just wondered if we could have a chat about the offer I made today"

Seller "waht offer?"

Between them over a cup of tea they come to the price of 102k.

Agent calls my mate the next day ranting - "what do you think your doing going round without an appointment and making offers and agreeing prices blah blah blah"

Mate reminds him about him lying about the offer and the agent backed down.

On Topic, mate, you need to look at what properties are actually selling at - try site like www.upmystreet.com as this will tell you actual agreed sale prices in an area house by house.

Then, remember, that so long as you don't pay over the odds and have a decent fixed term on your mortgage - 5 years say and not going to move for a while, then it wont be to much trouble if it dips a little further, your in the house and ALL houses will dip if they do, meaning everyones in the same boat.