Be cheeky. If they take your first offer, you'll always wonder how much less you could have paid.
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House buying and making an offer: How cheeky is cheeky?
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Posted 3 months ago #
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My strategy is always to try and avoid putting your offer as based on either what you or they think it is worth. I'm always very clear to say that my offer is X based on similar properties (with examples) but beyind that price I can't be unconditional and would need to involve something else like sellign another property.
What that does is says that you are not closed to it being worth more but how much is a cash offer with no strings worth against an offer conditional on other stuff. Even if you don;t have another property who is to know that ? Has worked for me twice now, last time they moved just under 300K on a 1.6m house....i knew they were motivated but the risk of sitting on a 6 month wait for me to sell something in a flat market vs 1.3 in cash signed in 24 hours is a very compelling situation. Simple fact is I have never come across a seller that is realistic about what their house is worth and also never found a buyer that thinks the same number !
Posted 3 months ago # -
Here you go OP...
http://singletrackworld.com/forum/topic/so-if-youve-bought-a-house-in-the-last-year-or-so
Posted 3 months ago # -
Just had a offer accepted on a house at about 9% less than asking. However, it had just been reduced and the offer was 15% less than the original.
This was in the SE, 50 minutes from London. Although we were cash buyers and the house was empty, so it should be quick and easy for everyone.Remember a house is only worth want someone is willing to pay for it.
Posted 3 months ago # -
crispo - Member
House we are looking at is currently on at £179,000
Went on the market at £195,000 in May 2011
Dropped to £179,000 in July 2011They dropped the price quick! Do you know why? If they've made an offer on another property they might be desperate for a quick sale and this would give them a minimum acceptable figure. Talk to the agent.
The house we bought 18 months ago was on for £270, then reduced to £250k. We offered £230k and settled for £240k with extras.
Posted 3 months ago # -
@ Bamboo - Thanks for the heads-up on that-there Property Bee
Made for some very interesting viewing! Turns out the property I'm interested in has been on the market 2.5 years (!) and the asking price has dropped 10% in that time. Annoyingly, I thought they were in no rush to sell judging by that time-frame, but it turns out they've only had 2 or 3 viewers in all that time.Can't for the life of me work out why...
Posted 3 months ago #
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