How would you assess my very first buy and negotiation skills

-taff

Not dim,just very logical without realising not everything can be logically ordered.

eidand

absolutely brilliant, I am learning a lot, so basically try and add 5-10% to anything a seller asks for. I am totally going to use this ground breaking strategy since I am in the process of buying a house now!

[Deleted User]

eidand said:

absolutely brilliant, I am learning a lot, so basically try and add 5-10% to anything a seller asks for. I am totally going to use this ground breaking strategy since I am in the process of buying a house now!

I'd start at 20% over though, in case the seller tries to pressure you into paying less.  They might be an equally strong negotiator.

Getting_greyer

Thanks for tip off. Just offered 300k on a 200k asking price. Glad I read this thread as wouldn't want to look silly.

KatrinaWaves

I mean I 100% overpaid on my house cos the toilet was rank and I'm fairly sure ti was the absolute cheapest you could get in B&Q (in a set with a sink, yet still cheaper than the rest!)

Luckily I have no upgraded it and therefore my house can be sold for 5x what I paid for it as the quality of this toilet is fantastic.

spadoosh

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? 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.

Im not offended in the slightest, im working on the basis that if youre in the top 10% of knowledge when it comes to property, im in the top 10% of that. 

My list goes along the lines of do i like it? Do i want it? See ive always considered that buying a property is much like buying some food. Some will order a margherita, some a meat feast, some will want the most expensive steak, others will want to use a discount code. Some will want maximum kcals per £, others will want maximum taste per £. Im generally pretty happy with cheese on toast. 

So when it comes to food, what importance weight do you put on your decision? The number of toilet facilities the restuarant provides? Yeah, thats pretty far down my list if im honest, as long as it has one, that works and isnt disgusting, i reckon ill be accepting of it.

I do nomrally encourage a bit of outside the box thinking, theyre the poeple that drive humanity forward, but in this case, much like a flat earther, if 90% think youre wrong, or in this case i think everyone thinks your wrong, there might be a chance that youre wrong. 

Now i get your happy with your purchase you should be, youre buying a house, its good feels. But i can assure you, there will be nothing special about what you have done. Just play the numbers..... nearly 3000 house sales every day in the UK, and somehow youve pulled off a masterpiece in negotiation? Nah, youve bought a house. get over yourself. 

danlightbulb

All, I found the house on rightmove. Here is the link:

https://images.app.goo.gl/DoYZAH8F4GPUpJUY9

Skiddaw1

Could I just say I've not enjoyed a thread as much as this since Hector was a pup? Thank you, OP, for making me splutter my coffee over the keyboard (which has, I am sure, had a significant impact on the value of our current house) .

Chumy

I am a FTB looking to buy a new property off Plan. I was looking to see how to reduce the prices and get extras for free. This approach is definitely not for me. I will keep looking then....

Bossypants

KatrinaWaves said:

I mean I 100% overpaid on my house cos the toilet was rank and I'm fairly sure ti was the absolute cheapest you could get in B&Q (in a set with a sink, yet still cheaper than the rest!)

Luckily I have no upgraded it and therefore my house can be sold for 5x what I paid for it as the quality of this toilet is fantastic.

Oh wow I really messed up, the toilet in my new place was cracked and leaking, but I only went mid-range when replacing, on the premise that it was good enough for the purpose. More fool me, I am clearly not in the top 10%.