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House buying negotiation
Comments
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it also DIDNT dell at £2m... a failed sale is no sale at all.Long time away from MSE, been dealing real life stuff..
Sometimes seen lurking on the compers forum :-)0 -
135k sale at 1.5% = £2,025
140k sale at 1.5% = £2,100
Wow. A whole £75 more commission, not all of which wil reach the agent's pocket, I'll bet.
I'd settle for a guaranteed £135k rather than a speculative £140k. Wouldn't you?
Excellent post and just confirms whatever the EA does is wrong with many.
Price too high = the agent rying to get more commission.
Price too low = the agent trying to get a quick sale to get quick commission.
The agent just can't win.A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
Daughter and I really enjoyed reading all your messages and have taken heed of all the advice. especially to keep the emotions out of it was a good one but practically impossible! Maybe we will try the 137,500 and then 138,000 and also point out that it didn't sell at 140,00. Hadn't thought of that! Also the white goods, good idea!
Thanks for the thoughts!0 -
I can understand all the heavy negotiations if you were trying to save 50k, but is it worth all the messing about for the sake of 2k. Its nothing compared to what you are planning on spending.0
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I would say my offer is still 135K, but in 3 months (if I'm still looking) my offer will be 130K.0
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thanks for all the good advice, we will probably offer 137,500 and see if they will meet us halfway. Then go up to 138,00 - failing that we'll try the white goods lark! All good ideas so thanks!0
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I have just made an offer on a house which my daughter and her boyfriend are going to rent from me. We really like it. The asking price was £144,950 and I offered £135,000. This has been rejected. The house has just come back on the market after the sale fell through, the EA says that it sold for £140,000 and that is what they want. This is more than I wanted to pay and I don't really know whether it is good value. A similar one sold recently for £129,500 although that one was tenanted for another six months. My question is where do I go from here. I am a cash buyer and can move quickly - how big a deal is this from the vendors point of view? I need some advice on negotiation so any views would be helpful!
Drop £5K and wait , you will get it !0
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