Dub18 wrote: ↑Thu Jul 05, 2018 4:19 pm
Has anyone had any recent experience of making a low offer for a property in the area? Any experience of "offended sellers" as estate agents would lead you to believe?
I'm currently looking to buy but my budget is about 15% below some of the houses I'm interested in and I don't know whether it's worth even making an offer on such properties or simply viewing those closer to my budget.
Thanks!
I recently put in some offers on three that were 15% below ask.
(1) went for 13% below ask as per Rightmove
(2) my offer got rejected. It came off, came on again (x2) and is still on the market after 1 year, but has been price dropped 2x to where my offer was
(3) I got for 15% below ask on first offer and then negotiated it down another 3% post survey (nothing was wrong ... I just said the survey showed structural problems with the large extension and threatened to walk away)
Give it a go. Just when you deal with the agents understand the tricks (google them). In particular:-
(1) explain your offer in terms such as "maximum we can afford, good proceedable offer, house needs a lot of work" before giving a price (shows you ain't a pansy)
(2) say it is "best and final" and valid for that day as you have another 5 bids with other agents to get through if not taken
(3) don't say anything ... pauses are used by them to get you to speak ... play the trick back to them
(4) don't react when they try to "shake you down" and get aggressive (maybe the"managing partner" calls you back)
(5) do t put In Another offer or say "I might come back" when. Your offer is rejected as they come crawling back 2 days later
If a vendor is serious, the house will be yours 15% lower ... trust me ... if you have a shortlist of 3 then one is yours ... trust me .... I am god on this one.
If you follow my advice, you are there already ...
Good luck with your pot shots