14/07/2023
𝗧𝗶𝗽𝘀 𝗳𝗼𝗿 𝗺𝗮𝗸𝗶𝗻𝗴 𝗮𝗻 𝗼𝗳𝗳𝗲𝗿 𝗼𝗻 𝗮 𝗵𝗼𝗺𝗲
🏘️Find out what similar properties in the same area have sold for recently. See how your target property compares, and pitch your offer accordingly.
👍Ask the estate agent about the seller’s situation. If they want to move quickly or have had the house on the market for a while, they might be willing to accept a lower offer.
⛓️Look for advantages in your own situation. For instance, if you are chain-free (i.e. a cash buyer), your seller may well ask a lower price for the extra convenience of this. It also helps if you can show that your mortgage is already approved, or that you have a mortgage in principle.
💰Haggle. Start by offering a lower price than you can afford, to give yourself some leeway for later bargaining. Don’t always think in chunks of five or ten thousand pounds. A thousand pounds less is still a thousand pounds!
📩 If the estate agent keeps mentioning other, higher offers to get you to increase your bid, don’t be afraid to ask for confirmation of these. A simple email from the other buyer’s solicitor is enough.
🚶♀️Be ready to walk away if the bidding goes too high for your budget.