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House and home

House price negotiation ...

(56 Posts)
Calendargirl Sat 13-Apr-24 07:20:33

Also depends on how keen they are to sell. If they have another property earmarked, they may be more willing to negotiate. If not, might be prepared to stick it out.

karmalady Sat 13-Apr-24 07:13:40

Don`t assume that most sellers ask for more than they want to achieve. Sellers can be insulted by offers that are too low and would choose to sell to someone else, assuming that they had more than one potential buyer. I pitched my price low enough to keep me happy but it was a realistic fair price

Whiff Sat 13-Apr-24 06:51:31

Nansnet found the thread and bumped it up for you.

Whiff Sat 13-Apr-24 06:46:12

Nansnet good luck and be prepared for stress ,stress and more stress. Waiting ages for solicitors,estate agents etc getting their act together. The uncertainty of not knowing if the sale is going through until contracts are exchanged that's if you buy in England or Wales. Scotland things are binding earlier on. Expect the process to take 3 months or more. Not to mention the cost on top of the property you wish to buy.

I will never move again but them again I found my forever home. March 2018 put my house on the market accepted an offer June . July found my bungalow offer accepted same day full asking price. September day of exchange my buyer pulled out. House back on market . Accepted offer October a lower price. March 2019 4 days before exchange buyer pulled out. Week later accepted an offer accepted but less so sale would go through in May 2019. Because of their solicitor and in the end my solicitor threatening to report their solicitor to the bar association exchanged on the Wednesday and completed on the Friday this was August 2019. Exchange and completion on my bungalow same days.

I was very lucky the executors of their mom's will kept the bungalow for me. So I got the home of my dreams.

Don't forget once you buy your home the first couple of years it's all pay out as you make it yours.

Don't believe the estate agent photos. Make sure you have a list of questions you want to ask. Plus removal firms cost the earth.

Don't expect things to run as they do abroad. I know when my friends brought a home in France 20 years ago it was all done in a month.

I was a cash buyer but it still took forever. Don't forget different parts of the country are more expensive than others . Plus check out local transport links, access to doctors , hospitals ,shops etc.

Bungalows are more expensive to buy but cheaper to run. Apartments even freehold have maintenance charges. The north and Wales cheaper than Midlands and South.

I brought my bungalow for £220k it now worth £325k its 2 bed.

Good luck. You will need it. Try and find the buying and selling thread on this forum it's lower down can't remember the exact title.

BigBertha1 Sat 13-Apr-24 06:38:02

Property gurus on TV here Kirsty and Phil suggest offering 10% under the asking price. We moved again last year to a new build house. There is quite a bit of negotiating that can be done 're the price and the fitting out. Go in hard here. Good luck.

Nansnet Sat 13-Apr-24 06:13:51

We are planning to relocate back to the UK for our retirement, and will soon be viewing properties. However, as we've not lived in the UK for a number of years, we are completely out of touch with the buying/negotiating process.

Does anyone have recent experience of buying a house, and any tips on making offers, such as how much can we realistically expect to reduce the asking price by when making an offer? I'm sure that most sellers set an asking price for more than what they actually expect to achieve, knowing that most buyers will try to negotiate a lower price.

Any advice on the current buying process would be much appreciated. Thanks!