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Old 01-08-12, 10:49 AM   #1
hindle8907
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Default House Offer

Well I just put an offer of 121,000 on a property listed as "offers over" 140,000.
I am willing to pay up to 130,000 for the house.
Its been on the market since Feb the owner has died and its the children selling so no chain, we are also first time buyers.

Anyone got any tips for the negotiations ?
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Old 01-08-12, 10:58 AM   #2
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Default Re: House Offer

Yes move into a smaller house and give me 50k as I need 230k for a decent house down here
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Old 01-08-12, 10:59 AM   #3
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Default Re: House Offer

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Yes move into a smaller house and give me 50k as I need 230k for a decent house down here
Ouch, this is a three bed extended - semi, with garage and a adequate sized south facing garden.

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Old 01-08-12, 11:01 AM   #4
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Default Re: House Offer

Jeez I need to get out of Reading. It's going to cost me nearly £200k when I try and buy a place next year for a 2 bed apartment.
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Old 01-08-12, 11:06 AM   #5
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Default Re: House Offer

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Originally Posted by hindle8907 View Post
Well I just put an offer of 121,000 on a property listed as "offers over" 140,000.
I am willing to pay up to 130,000 for the house.

Anyone got any tips for the negotiations ?
Go round & spray "PAEDOPHILE" across the front door. Should knock a couple of grand off the price.
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Old 01-08-12, 11:09 AM   #6
andrewsmith
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Default Re: House Offer

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Originally Posted by Wideboy View Post
Yes move into a smaller house and give me 50k as I need 230k for a decent house down here
Move north!

Ant, see what happens, a friend did that on the terrace he's got and they accepted (£15k+ below list)
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Old 01-08-12, 11:15 AM   #7
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Default Re: House Offer

Quote:
Originally Posted by hindle8907 View Post
Well I just put an offer of 121,000 on a property listed as "offers over" 140,000.
I am willing to pay up to 130,000 for the house.

Anyone got any tips for the negotiations ?
Justify everything you say to them,keep it friendly but professional, and most of all keep communication good and as frequent as necessary (i.e without seeming over keen obviously) . If you're communicating via an estate agent hammer them and make sure they're passing on messages and maybe test them to make sure they aren't being devious and employing tactics to up their middle man cut.It's good that you've given yourself a cap, and as everyone will tell you think objectively and don't get attached
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Old 01-08-12, 11:17 AM   #8
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Default Re: House Offer

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Originally Posted by ravingdavis View Post
Jeez I need to get out of Reading. It's going to cost me nearly £200k when I try and buy a place next year for a 2 bed apartment.
£65k for a new build in sheffield city centre!
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Old 01-08-12, 11:18 AM   #9
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Default Re: House Offer

The duchess ( Step mother) looked at a small bungalow last year for £370k. She had an offer of of £350k rejected. 2 weeks ago it changed estate agent for £320 and they have accepted her new offer of £280k.

So wave money under their noses when they realise nobody is prepared to pay inflated estate agents values.
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Old 01-08-12, 11:22 AM   #10
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Default Re: House Offer

Stop telling southerners what they can get oop north, they sell their 1 bedroom flats and buy 3 bedroom detached with money left over around here. It is driving up the cost of housing.

Still with all the unfinished boxes on huge brownfield development and garden grabs there is more housing than buyers so that at least helps hold prices back
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