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Help Needed - Final stage of house price negotiation

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Comments

  • Doozergirl wrote: »
    Over £2500? I hope it's worth it! You've already battered them down, I have to say that I'd stretch that much for the right house, especially considering how far they've come down, even from the revised price.

    You've got a good point, however the same could be said of their refusal to accept our offer over the same amount. It's all down to what the house is worth, not necessarily what the price was originally. That's what we think it is worth.
  • Gwhiz
    Gwhiz Posts: 2,322 Forumite
    Part of the Furniture Combo Breaker
    warehouse wrote: »
    £2500 is less than 1% of the total already offered, UNDER 1 PERCENT. Ring them up now and tell them to go for it. To risk losing something you "really like" for less than 1% is utter madness in my opinion.

    It works both ways so tell that to the vendors and ask them do they want to lose a sale, in a buyers market, for less than 1%. This has happened to me in the past and I stuck it out only to find that there was no shortfall after all... just a vendors desire to feel they squeezed the last penny out of me (or not as it happened). ..... only the OP knows the full details of the negotiation and whether he should stick to his guns or not.
  • Gwhiz wrote: »
    It works both ways so tell that to the vendors and ask them do they want to lose a sale, in a buyers market, for less than 1%. This has happened to me in the past and I stuck it out only to find that there was no shortfall after all... just a vendors desire to feel they squeezed the last penny out of me (or not as it happened). ..... only the OP knows the full details of the negotiation and whether he should stick to his guns or not.

    Great news, they've just accepted my offer.

    GWhiz, you were spot on. I just found out that they haven't even found the property they want to buy, so it was just a negotiation tactic after all. No hard feelings though, all's fair in love and business!

    Hope the sale all goes to plan, after some of the bad news stories I've been reading about on this site my fingers will be crossed on that one.
  • Ivana_B_Rich
    Ivana_B_Rich Posts: 599 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I know you've a long way to go yet but

    CONGRATULATIONS :T:T:T
    Saving a house deposit. Member no.7 100% of target :D

    He is your friend, your partner, your defender, your dog.
    You are his life, his love, his leader. He will be yours, faithful and true, to the last beat of his heart. You owe it to him to be worthy of such devotion.
  • Gwhiz
    Gwhiz Posts: 2,322 Forumite
    Part of the Furniture Combo Breaker
    Great news, they've just accepted my offer.

    GWhiz, you were spot on. I just found out that they haven't even found the property they want to buy, so it was just a negotiation tactic after all. No hard feelings though, all's fair in love and business!

    Hope the sale all goes to plan, after some of the bad news stories I've been reading about on this site my fingers will be crossed on that one.

    Great news...feels good doesn't it? Hope it all goes smoothly for you :T
  • Doozergirl
    Doozergirl Posts: 34,080 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done! Balls of steel :rotfl:
    Everything that is supposed to be in heaven is already here on earth.
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