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A 'cheeky' offer on a house purchase

2

Comments

  • darkidoe
    darkidoe Posts: 1,129 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    If only there was a book or course on the art of negotiating.

    Save 12K in 2020 # 38 £0/£20,000
  • zagubov
    zagubov Posts: 17,956 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    darkidoe wrote: »
    If only there was a book or course on the art of negotiating.

    https://www.amazon.co.uk/Everything-Negotiable-4th-Gavin-Kennedy/dp/1847940013 :beer:
    There is no honour to be had in not knowing a thing that can be known - Danny Baker
  • eddddy
    eddddy Posts: 18,553 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dhokes wrote: »
    (along with my reasoning).
    Thrugelmir wrote: »
    Don't bother. As will have no bearing on the outcome.

    I agree.

    But it might be useful to explain your situation (if it's positive)...

    e.g. "I'm a FTB" or "my property is under offer" and/or "I'm keen to move quickly"
    "I've a mortgage arranged in principle", "It's a low LTV" etc etc

    That might give the EA some positive 'ammunition' to help persuade the seller to accept an offer.

    But realistically, if the price isn't right for the seller, it won't make too much difference.
  • PhilE
    PhilE Posts: 566 Forumite
    Whats your buying position? Are they keen to sell? Are other buyers interested and also offering? Chain free?

    Factor these in when making a lower offer. The better position you are in to buy and the quicker they want to sell means that you may get a better deal.
  • dhokes
    dhokes Posts: 340 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    PhilE wrote: »
    Whats your buying position? Are they keen to sell? Are other buyers interested and also offering? Chain free?

    Factor these in when making a lower offer. The better position you are in to buy and the quicker they want to sell means that you may get a better deal.

    I'm a FTB with no chain and the seller said she's looking for a quick sale. Estate agent have said someone else has made an offer.
  • Mickygg
    Mickygg Posts: 1,737 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    EAs in my experience usually say this.
  • hazyjo
    hazyjo Posts: 15,476 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Mickygg wrote: »
    EAs in my experience usually say this.

    Agree. So ask if they're proceedable. EAs often stretch the truth.
    2024 wins: *must start comping again!*
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    I thought I was being cheeky offering £15k lower on a property nearly £400k. They declined it but ever circumstance is different.


    How long ago was this?
  • harz99
    harz99 Posts: 3,820 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    How long ago was this?

    Not really relevant to this thread, as purpleparrotuk said every circumstance is different..
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    harz99 wrote: »
    Not really relevant to this thread, as purpleparrotuk said every circumstance is different..


    VERY relevant if it is a booming market example V a declining market (the market now) IMO. Buyers/sellers may find themselves in various situations and geographical locations, but the prevailing sentiment is a massive driver of how each will act.
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