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It really is a buyers market!
Gleeful
Posts: 1,979 Forumite
Viewed 4 houses this evening.
2 of them told us that the price was negotiable, and inferred it would be much less than asking price.
Another said that they'd consider furniture within the offer.
It's crazy. I'm sure it wasn't like this 8 years ago.
I'm gutted as the house I REALLY wanted, was right next to a flyover and a train track. The noise was incredible
We're seeing 2 more tomorrow.
One is on the market for £114,000. We're considering offering £107,000.
Is the bottom really about to fall out of the market?
2 of them told us that the price was negotiable, and inferred it would be much less than asking price.
Another said that they'd consider furniture within the offer.
It's crazy. I'm sure it wasn't like this 8 years ago.
I'm gutted as the house I REALLY wanted, was right next to a flyover and a train track. The noise was incredible
We're seeing 2 more tomorrow.
One is on the market for £114,000. We're considering offering £107,000.
Is the bottom really about to fall out of the market?
0
Comments
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It depends on where you are.Viewed 4 houses this evening.
2 of them told us that the price was negotiable, and inferred it would be much less than asking price.
Another said that they'd consider furniture within the offer.
It's crazy. I'm sure it wasn't like this 8 years ago.
I'm gutted as the house I REALLY wanted, was right next to a flyover and a train track. The noise was incredible
We're seeing 2 more tomorrow.
One is on the market for £114,000. We're considering offering £107,000.
Is the bottom really about to fall out of the market?0 -
House prices are still ridiculously inflated in London and the south east 0
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Yes prices are falling now pretty much everywhere but you have to give it time. Some areas have only started falling in the last couple of months where some have been down for years. Also now is peak buying season so sellers are more hopeful, give it a couple more months and there spirit weakens or even 6 months time.
I'm looking about October to start visiting houses in the the South.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
0 -
One is on the market for £114,000. We're considering offering £107,000.
Your first offer should be much lower than that. Think of two prices:
1. The price you'd ideally like to pay (eg. 107k)
2. The maximum price you'd pay (eg. 110k)
Start you negotiations at a level below your ideal price (eg. 100k) and work your way up in small increments (say 2k). As you get nearer your ideal price, reduce the size of the increment (say 1k).
If you hit your ideal price and there's still no agreement, think about whether it's worth it to you to go to your maximum price...
It's also worth bearing in mind that lots of houses are being sold at about 90% of asking price, which would make your 114k house actually 103k. However, use Zoopla and RM to check the sold prices of other houses in the same street/area, as this isn't a universal rule by any means.
Good luck!0 -
I would offer £90k.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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