Delicate issue ?

cloo

I was suspicious of taking an offer from an investor for our flat, but I asked here and was told an investor would be a better bet than an FTB. We'd already lost FTBs we'd progressed almost to exchange with because they didn't understand that quite a lot of (mostly minor) stuff shows up on the survey of older buildings on the whole. I was still worried he'd gazunder us, but her never did - however, he *was* buying the property for a relative to live in, who was very taken with it, so I guess in our case, he just wanted to do whatever it took to get it - he came in with a very low offer then worked up to 10k below our asking, which we were fine with. And he was no trouble as a buyer... our agents did allege (no idea if this is true) that he did angle for money off at one point but they disuaded him. They were very good agents, so one thing that suggests is maybe a different agent might be able to do better for you, either in getting the right buyers or in keeping the sale on-price.

So it is hard to tell - but maybe you'd be better angling for occupiers, as we are in a shortage market and you ought to have the stronger hand really.

carefullycautious

Can you put it on at a fixed price and make whoever views aware that you are not able to take a penny less.


That will sort the wheat from the chaff

pinkshoes

Why not agree to the price drop but tell them you will put the property back on the market, then just before exchange tell them the price is now £83k again?

eddddy

Maybe change your strategy a bit. If you're bottom line is £80k, only accept an initial offer of £82k - so you've flexibility to drop to £80k later.

It can be a bit of a psychological game. It's important to some people to think they've "beaten you down".

I've done business in a countries where the assumption is that if the other person is happy with a deal, you haven't negotiated hard enough. So you have to behave as though you've been beaten into the ground, to keep the other person happy.

You could try some of that if you want!

TBeckett100

I was in a mobile phone repair shop and the Asian owner was doing the same thing to someone else saying he couldn't raise the money and will have to drop his offer

He came off the phone, rang someone and was laughing that he managed to get a bargain.

Be more selective next time or tell the agent to advise them you have pulled the sale previously when this has Happened and if they intend to do the same, the sale will not proceed