Fixed Price Property: is there still any room for negotiation ?

adindas

I understand that for the fixed Price Property the price of property is fixed.

But just wonder what is the chance try to negotiate again with the slight reduction. Say for instance for £185k fixed price we try to negotiate it for £180k.

Is it still possible to so so ?
What is the chance it will be considered ?

hcb42

Try it. Nothing to lose

sirmosh

Depends entirely on the vendor, if they have to get £185k to avoid being in negative equity they may have to hope for the asking price or might not be able to sell. If they're just stubborn then a lack of interest or continued lower offers from interested buyers may make them rethink. £5k under asking in this market is a pretty good offer even on properties under £100k so if they have any sense they'll take it.

AndyGuil

Find out what a similar property on that street sold for previously and offer less than that. (Falling market).

Davesnave

While 'fixed price' attempts to flag up a disinclination to haggle, there's now't so queer as folk, nor anything so sobering as being on the market for some time without interest or firm offers.

Questions like, 'How long has it been marketed? and 'What's the local market like?' come to mind, but as hcb42 says, what have you to lose, except your own credibility, perhaps?

I wouldn't lose a house I really wanted for £5k unless I was already up to my absolute limit, which is never a great idea anyway. On the other hand, in a dodgy market, I wouldn't lose a sale for the sake of £5k either.

Presuming you are in a really strong buying position, I'd go to the agent and explain that, by pulling all the stops out, you can just scrape together the £180. He/she may suspect you are fibbing, but then the owner may be fibbing too if they say they'll not accept a penny less than £185.

In my experience, in most business transactions, there is always room for a little flexibility.

AndyGuil

Davesnave wrote: »

While 'fixed price' attempts to flag up a disinclination to haggle, there's now't so queer as folk, nor anything so sobering as being on the market for some time without interest or firm offers.

Questions like, 'How long has it been marketed? and 'What's the local market like?' come to mind, but as hcb42 says, what have you to lose, except your own credibility, perhaps?

I wouldn't lose a house I really wanted for £5k unless I was already up to my absolute limit, which is never a great idea anyway. On the other hand, in a dodgy market, I wouldn't lose a sale for the sake of £5k either.

Presuming you are in a really strong buying position, I'd go to the agent and explain that, by pulling all the stops out, you can just scrape together the £180. He/she may suspect you are fibbing, but then the owner may be fibbing too if they say they'll not accept a penny less than £185.

In my experience, in most business transactions, there is always room for a little flexibility.

They have a habit of taking the properties off the market and putting them back on later to make them appear fresh. Sometimes they add to the price if they think previous offers were too low. There are a few around me like that. They were marketed around 20k higher than the previous selling property (2 months ago) and they disappeared for a month off the market and only appeared back again a few weeks ago at 50k over the previous selling property. Just warns you to watch out for their games and this is a falling market so find out the previous selling price and offer less.

Beckyy

There's not harm in trying. I'm going to see a fixed price house this week and would have to offer under the fixed price if we went for it - I've got nothing to lose by trying it.

Davesnave

AndyGuil wrote: »

They have a habit of taking the properties off the market and putting them back on later to make them appear fresh. .

You're telling me.

One I am aware of, went 'on' again at £395k after last being 'on' for £345k pre-winter. In the interim, the owner had added solar panels to the roof of the garage.

But this house has been on & off more times than I can recall. I viewed it when it was £375k, probably negotiable to £365k.....but that was in 2008! :rotfl:

That's why I said, 'nowt so queer as folk.'

geoffky

no such thing.. offer a £1 less and would they refuse?

adindas

Thank you to all of you. i really appreciate your suggestion.
The propertythat I am refering too is here:

http://www.zoopla.co.uk/for-sale/details/13613474?search_identifier=

The original Price is £210,000 on 19th Nov 2010 but they have reduced it twice.

• £190,000 9.5% Reduced on: 8th Apr 2011
• £185,000 2.6% Reduced on: 15th Dec 2011

And at £185,000 is now fixed price. I understand there is still room for negotiation. Beore I did a visit if I asked the agents whether it is still pssoible to reduce the price but she said while also joking unless you want to increase the price. But I believe that is alsways the case with the agent ....

Similar type of the house on the same street is now currently on the Market for £200,000, here ...
http://www.zoopla.co.uk/for-sale/details/16208113?search_identifier=

Based on your expererience or opinion if I make an offer do you think £175.000 ? I am not realy desperate but I believe if I could get it in this price it will be a good price what do you think ....

Thank you again for your time

zappahey

Zoopla's sold prices for that street are here http://www.zoopla.co.uk/house-prices/london/grangemill-road/?q=grangemill%20road%2C%20london&search_source=nav