Love the house - stupid to offer full asking price?

calliopeviolet

Hi everyone

Well, I got the place for around 5% under the asking price, so I'm very, very pleased about it. Thanks to you all for your help and advice! :T

Kara_P

Massive congrats! Hope all goes well with the purchase. Have a great time in your new place.

myhouse_2

Congratulations! Glad you ignored all the money-burning experts who wanted you to pay full price.
Vendors often know they won't get full price and are happy to entertain lower offers. I suspect the vendors were delighted to accept your offer.

hazey31

Good stuff!

KateLiana27

Congratulations!! Sounds like you were sensible and got a great outcome Good luck with the rest of the process.

hazyjo

Excellent - well done

Now think about what you can spend that money on

Jx

The_Deep

My house is currently on the market at £510,000, just over the 4% stamp duty hurdle. I will accept an offer of 2% under, thus saving the buyer a further £5,000 in sd, and take it off the market at that price. I wanted to put it on at £500,000 with no offers, but was pursuaded otherwise by my wife and the SE.

However, If you were to offer me 3% under asking price it is unlikely that I would accept your offer.

The_Palmist

They could only say no. Why don't you start negotiations at around 10% below asking price. Be polite and play the haggling game. For all we know this could one of the rare cases where the vendors have priced it right. This 10% hoax is one of the reasons houses are overpriced because Vendors know an average buyer would seek a bargain.

Now we don't want you to pay any more than you should so offer what you think is appropriate and slowly make your way up if you have to. Give the benefit of doubt to yourself.

The_Palmist

oops just read that you have secured a deal, well done.