2. Haggle!
2. Haggle! (Image 2 of 11)
Take advantage of the slow market and haggle – buyers are in a strong position at the moment, so negotiating is expected. Start with a ‘very cheeky’ offer – you can base the figure you pitch at a few percentage points either side of 10 per cent less than asking price or 10 per cent less than similar houses have sold for very recently in the surrounding roads (look at Up My Street for an idea). If that’s rejected, go back with a ‘mildly cheeky’ offer at five per cent less, underlining what a good position you’re in (ie, no chain, finances in place, ready to move…). Failing that, ask just what they sellers would accept – you might be pleasantly surprised, and at least this will be a beginning to your negotiations.
More On Buying, Selling & House Prices
House Price Crash: Should You Buy?
House Price Forecast For 2009
Rate Cuts And Repossessions
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