How would you assess my very first buy and negotiation skills

SameOldRoundabout

g000444555 said:

There are several factors that I take into account while evaluating a property. Things that 90% of the viewers or even the readers in this thread do not even notice. Having that additional information gives me the confidence of bidding higher when I believe it is absolutely worth doing so. 

Please, stop, you’re killing me. 😂😂

Have you thought of writing a book? The Property Whisperer you could call it. People would be queuing up behind the Amazon checkout button. 

jimbog

g000444555 said:

I am a first-time buyer and despite my lack of experience I managed to get my offer accepted while competing against 9 other offers that were on the table.
There were overall 9 other offers on the table, I was not the only chain-free buyer, there were higher offers than mine, and I have no experience in negotiating at all!

g000444555 said:

However, at the end of the day, it's irrelevant whether the other 9 offers were there or not

Then why mention it?

eddddy

Hey g000444555 

I know from experience that you won't take any notice of what I say - because I don't realise how clever you are, and I don't realise how stupid I am.

But estate agents really love buyers like you, because you're so easy to manipulate. I've seen it happen so many times.

The estate agent 'strokes your ego'; lets you feel you've outsmarted them; let's you think they're giving you special treatment because they respect you, etc, etc. That way, they get you to do whatever they want.

Unfortunately, it will also make you a great target for scammers who are great at manipulating people. They'lll do things like try to sell you investments, because 'average people' won't understand them. Only clever people like you will understand them, so you'll get rich, whilst the average people stay poor.

But in reality, it's a scam and you end up losing money..

g000444555

I'd be interested to hear a few of these factors and why you believe you're more qualified to see hidden value in a house than 90% of the population. Unless, like your negotiation procedure, that's a big secret too?
Purchasers like myself and Dan above pored over every miniscule detail of our properties before settling on them, I'm genuinely interested to see what I might have neglected?

So, if you would outline the main factors that determine the value of the property how would you go about it? In the majority of cases I have seen the number of toilets and their condition to be the most valuable aspect with kitchen's condition a close second. While these are factors that matter a lot, I disagree that they are the most important.

My question is, if you would want to evaluate a property what is the list of things sorted by importance/weight you would consider? And also, do you think 90% of people would come up with the same list in the same order?

And by the way, I see a lot of people getting offended by the fact that I put them into the 90% of the population. That is not to say that I am smarter. That's just my rough guesstimate based on the 3 months of window of observation. If you want to get offended there is little I can do about it, but I did not mean to offend anyone.

-taff

I knew someone who bought a house and sat on it for a long time because a defunct canal used to run behind it, he was full of shemes of selling his marina spot when the canal was reinstalled, and how much his house would be worth then.

25 years later, teh canal is still defunct.

warby68

I can't work out whether this is a wind-up or if OP is just a bit odd.
To come on here for validation but then refuse to say what it is they want validating is strange.
If you are a genuine FTB and really do want some insight you need to be a bit more open about whatever it is that is giving you the feeling you have discovered a perfect way to manage the property market. It is EXTREMELY unlikely that you have and there is enough goodwill around here to help you out if you want to test some theories.

NewShadow

g000444555 said:

I'd be interested to hear a few of these factors and why you believe you're more qualified to see hidden value in a house than 90% of the population. Unless, like your negotiation procedure, that's a big secret too?
Purchasers like myself and Dan above pored over every miniscule detail of our properties before settling on them, I'm genuinely interested to see what I might have neglected?

So, if you would outline the main factors that determine the value of the property how would you go about it? ...

My question is, if you would want to evaluate a property what is the list of things sorted by importance/weight you would consider? 

You claim to have a master list - then when asked for the master list deflect and ask the person who called you out to provide their list 🤣🤣🤣

I think the majority, on here at least, would say the most determinant factor for the value of any specific property is the price the buyers in the local area are willing to pay for the property - best determined by the comparable activity on the local market in the preceding weeks/months. 

...which is why it's a bit pointless for you to come on here seeking praise for your 'amazing negotiation skills' while refusing to post a rightmove link/confirm the geographic area and basic characteristics of the house... 

As a comparison - I'm a first time buyer who recently negotiated a £5k reduction on a property advertised as 'Offers in Excess Of". At my first viewing there was a family also looking at the property and a couple were leaving as I arrived. Based on the conversations I heard the family having with the EA while I was there, they had make an offer roughly £15k higher than mine and were waiting for the seller to make a decision/were considering upping their offer.  

On paper I'm a 1000% better at negotiating than you are... 

But we haven't compared our houses, we don't know if the family were proceedable or changed their minds, we don't know if the seller simply didn't like them for some reason... they could even have been the EAs family 

You're buying a house - you think you got a fair price. If you're not willing to post specific details then - until you come to sell to someone else - that'll have to do for you. 

jimbog

g000444555 said:

In the majority of cases I have seen the number of toilets and their condition to be the most valuable aspect

Really? Whose cases were these?

danlightbulb

g000444555 said:

In the majority of cases I have seen the number of toilets and their condition to be the most valuable aspect

Oh well why didnt the OP say this up front.

If the house has good toilets then thats obviously worth a £15k uplift in the opening offer. Fair play OP, very shrewd.

lees80

Got to be a wind up. Nobody can be that dim.