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how to negotiate house prices?

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  • geoffky
    geoffky Posts: 6,835 Forumite
    edited 27 June 2011 at 8:13PM
    2007 was peak price...market is about 10% to 20% down from there..so work backwards

    but you have to find out if the seller is motivated.
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • cazuk11
    cazuk11 Posts: 129 Forumite
    geoffky wrote: »
    2007 was peak price...market is about 10% to 20% down from there..so work backwards

    So, say a house was bought in 2009 for £350,000 as a new build, what would you offer? It's not been on the market that long and is in an area where the market is moving. x
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