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Advice for house buying negotiation tactics
chopslay
Posts: 2 Newbie
Hi
I'm looking for a little advice on negotiation tactics.
I've just had an offer of £490k rejected for a house that has been marketed at £525k. (It's actually only been quietly marketed at this stage). The EA was saying that they might run an open day soon unless we can come up with a higher offer. (I don't know how likely this is to occur but assume it's not an empty threat).
I'm not really willing to go above £500k. My worry is that this could also be rejected and then I will have set a precedent for future offers
Does anyone have any suggestions for whether I should up my offer now (and if so by how much) or whether better to sit tight?
Thanks
I'm looking for a little advice on negotiation tactics.
I've just had an offer of £490k rejected for a house that has been marketed at £525k. (It's actually only been quietly marketed at this stage). The EA was saying that they might run an open day soon unless we can come up with a higher offer. (I don't know how likely this is to occur but assume it's not an empty threat).
I'm not really willing to go above £500k. My worry is that this could also be rejected and then I will have set a precedent for future offers
Does anyone have any suggestions for whether I should up my offer now (and if so by how much) or whether better to sit tight?
Thanks
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