House Buying - Moneysaving Tips

dolce_vita

start at 25% below and work up.

good luck

lilfairy

Thanks for that Hurdler, I think that sounds good.

Dolce Vita - Im just worried as we know the owners, and I dont want to seem cheeky or offend them! I think they might think we are taking the mickey if we offered 25% below.

How much do you think they will save taking it off the market? is it about 1.5%??

Thanks

Lil Fairy :rolleyes:

chris-richardson_2

Some great advice on here thanks

we will be putting in an offer on the house we want next week and its a bargain at the asking price because it needs some work, but still going in a lot lower to start

jackpaul

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Little_Otter

lilfairy wrote: »

How much do you think they will save taking it off the market? is it about 1.5%??

I am an estate agent, and even if you know the people and they take it off the market, they will still have to pay the agents fees as they originally showed you round/arranged the visit/gave you property details. Many People do this and we have to investigate all the houses that come off the market, they always get found out and are made to pay (even if its taken to court)
x

SmogMonster_3

Hi,

I've just sold my house and moved back in with parents (money safely stashed at the moment). Even though I paid the Estate Agents 1% commission I can't help but feel aggrieved given the lack of work / assistance they gave me and the massive fee that 1% turned out to be. I have scoured the market for a new property but nothing fits the bill so I was considering writing letters and posting them to all of the properties that I am interested in (in order to avoid EA fees and find a house that I like).Does anyone have a precedent letter that they have used? Also does anyone think that now is the right time to buy or should I hold on in the hope of lower property prices and more choice?

Hurdler

They are strange beasts aren't they... I bought from the same ones I bought my original place for... and am letting out my flat and they've been pretty good... but I know of real horror stories of ones where they actual showed my cousins the wrong property and quoted them the wrong price!

The general advice seems to be that you as the buyer need to be as proactive as possible to bump yourself up their "favoured buyer" list - that way they bring the best properties to you... it does seem an inordinate amount of faff for you to have to be the one chasing them... but it does work... you do get to know them and they get to understand where you're coming from.

As hard as it can be to keep smiling in the face of slick sales patter... make friends with them, but always be quite firm on what you are prepared to pay... always polite, but firm...

Prices where I live ARE stabilising... even coming down - but I would go with suiting your own circumstances to be honest, rather than playing a guessing game with the general climate.

Good luck with it all though and let us know how you get on...

Generali

It's not that subtle naming yourself after the spam you're putting out.

WilfB

I've knocked together a spreadsheet so people can calculate whether buying makes financial sense for them. Is there any way to add attachments to this forum?

Generali

You can't attach files directly but you can put it on a file-sharing/FTP site and let people download it from there.