Cheeky but realistic low offers on houses / cars
Discussion
Condi said:
What Noodle did was take the piss, and in business/trading/negotiations in 99% of life's situations, once they had accepted your offer you would have entered a legally binding contract to buy the item.
Not at all convinced that's the case. Offer and counter offer and so on can be made until the cows come home; as I understand it, nothing becomes binding until goods, services or money have changed hands or a contract has been signed to that effect.
"This packets of biscuits is bashed, will you give me 10% off?"
"Yeah, go on then, I'll only end up having to reduce it anyway."
"Actually, thinking about my diet plan, I'd better not buy any biscuits today."
"You've got to now, you made an offer and I accepted it. I'll fight you to the ground and call the police if you don't."
bloomen said:
I've gotten vastly more glee telling people I couldn't be f
king bothered to deal with their st than any money they had to offer me over the years.
I expect negotiations to be businesslike. You dick around, shop elsewhere. I've never been in a position where I was desperate though and never would let on.
That's the point though. If someone else gives an offer you think is too low then you just say no. There is no onus on you to accept it. However if that happens to be the only offer available it leaves you in a risky position. I have friends (as probably everyone does) who turned down an offer, and then had to sell lower as no one else was interested. Remember the asking price can (and often is) wrong. If it's low enough you'll get several offers, which you can use against each other to raise the price to the real market value. If you have no offers, or only a very low offer then you asked for too much, and therefore you're the immoral person asking too much as it were.king bothered to deal with their st than any money they had to offer me over the years.I expect negotiations to be businesslike. You dick around, shop elsewhere. I've never been in a position where I was desperate though and never would let on.
People can often spend a lot of time looking for £20 cheaper jeans, or £100 off their new phone, yet when it comes to several thousand plus they could save on the house it just gets forgotten about as it's such a large value. But in reality it is a lot of work hours for it.
All depends on the circumstances though. If it is your perfect house then stupid to risk the sale. If it's a BTL, or say a place to stay shorter term then you don't need to get a particular one, and so can negotiate harder. The place I stay at now I planned to negotiate on price as it had a price drop. However I had to get a place very soon, so when I found out there was other people looking I just dropped any negotiation and paid asking. But could be the other way round in future.
defblade said:
Condi said:
What Noodle did was take the piss, and in business/trading/negotiations in 99% of life's situations, once they had accepted your offer you would have entered a legally binding contract to buy the item.
Not at all convinced that's the case. Offer and counter offer and so on can be made until the cows come home; as I understand it, nothing becomes binding until goods, services or money have changed hands or a contract has been signed to that effect.
"This packets of biscuits is bashed, will you give me 10% off?"
"Yeah, go on then, I'll only end up having to reduce it anyway."
"Actually, thinking about my diet plan, I'd better not buy any biscuits today."
"You've got to now, you made an offer and I accepted it. I'll fight you to the ground and call the police if you don't."
Noodle1982 said:
I offered 115k. They accepted so i then offered 100k. They refused. A few weeks later when they hadnt had any other offers come in they agreed to the 100k, so i then offered them 90k. Fast forward a few weeks and same scenario so i then offered 80k
Well what a fu*king unscrupulous nightmare you are. popeyewhite said:
Noodle1982 said:
I offered 115k. They accepted so i then offered 100k. They refused. A few weeks later when they hadnt had any other offers come in they agreed to the 100k, so i then offered them 90k. Fast forward a few weeks and same scenario so i then offered 80k
Well what a fu*king unscrupulous nightmare you are. k off/laugh in his face but the offer must have been palatable...just. selym said:
Got to agree with others that, although he seems morally bankrupt, the seller had the opportunity to pull out/tell him to fk off/laugh in his face but the offer must have been palatable...just.
The offer may not have been palatable at all, the seller most likely may have had no choice. I can't think anyone in their right mind would either a. make the offer, or b. accept it.k off/laugh in his face but the offer must have been palatable...just. Edited by popeyewhite on Sunday 15th July 12:36
popeyewhite said:
selym said:
Got to agree with others that, although he seems morally bankrupt, the seller had the opportunity to pull out/tell him to fk off/laugh in his face but the offer must have been palatable...just.
The offer may not have been palatable at all, the seller most likely may have had no choice.k off/laugh in his face but the offer must have been palatable...just. k off. Even when you are completely desperate to sell, there's always a price you won't go below. Ultimately, Noodle's lowest offer was still acceptable. popeyewhite said:
The offer may not have been palatable at all, the seller most likely may have had no choice.
Incorrect.Edited by popeyewhite on Sunday 15th July 12:36
The seller had a choice.
The house was left empty for over two years. It was left to a family after an uncle of theirs had passed away.
Last time I bought I had two properties I was interested in so I offered them both what I thought they were worth and each was advised there was another house with a live offer so it would be however came back first wins. I bought the one that came back to me that afternoon. The other one waited a few days before giving me a counter offer, only to be told I was proceeding on the other one as they had accepted my offer... I don't think the EA actually believed I had put offers in on two houses.
Noodle1982 said:
The first house i bought was up for sale for 125k. Very little advertising of it and was in an area of very little foot traffic.Over the space of 3 months i made numerous offers, each one less than the one previously agreed.
I offered 115k. They accepted so i then offered 100k. They refused. A few weeks later when they hadnt had any other offers come in they agreed to the 100k, so i then offered them 90k. Fast forward a few weeks and same scenario so i then offered 80k
Long story short but i ended up getting it for 80k.
Numerous times i could see the estate agent on the verge of telling me to fk off every time i changed my offer but i knew the sellers wanted to get rid of the house as soon as possible and with them not having any other offers the metaphorical ball was in my court.
Wow. What an unscrupulous little sI offered 115k. They accepted so i then offered 100k. They refused. A few weeks later when they hadnt had any other offers come in they agreed to the 100k, so i then offered them 90k. Fast forward a few weeks and same scenario so i then offered 80k
Long story short but i ended up getting it for 80k.
Numerous times i could see the estate agent on the verge of telling me to f
k off every time i changed my offer but i knew the sellers wanted to get rid of the house as soon as possible and with them not having any other offers the metaphorical ball was in my court. t you are. The first time you tried something like that on anything you were buying from me, you would have been soundly told to f
k off and excluded from any process going forward. To answer the OP’s question, there are many ways to conclude a negotiation (Noodle’s rather unsavoury tactic excluded).
If you are looking to present a low offer, you need to:
- Find out the seller’s position and motivators
- Find out how many others you are competing with and what their positions are
- Present your overall offer (both the tangible financial and intangible elements of the offer)
- Ensure that the complimentary elements of your offer address the seller’s motivators more than those who you are competing with
- Ensure there is negotiation room in your offer, but for every upwards move you make, ask for something in return
- Once you’ve agreed a price, honour it. Unless something very dramatic comes up in the survey, absolutely do not try to chip away.
I am a firm believer in win/win negotiation and will always negotiate hard, but once a deal’s shaken on, that’s it in my mind.
Edited by schmalex on Sunday 15th July 15:08
schmalex said:
- Find out the seller’s position and motivators
- Find out how many others you are competing with and what their positions are
- Present your overall offer (both the tangible financial and intangible elements of the offer)
- Ensure that the complimentary elements of your offer address the seller’s motivators more than those who you are competing with
- Ensure there is negotiation room in your offer, but for every upwards move you make, ask for something in return
- Once you’ve agreed a price, honour it. Unless something very dramatic comes up in the survey, absolutely do not try to chip away.
I am a firm believer in win/win negotiation and will always negotiate hard, but once a deal’s shaken on, that’s it in my mind.
- Find out how many others you are competing with and what their positions are
- Present your overall offer (both the tangible financial and intangible elements of the offer)
- Ensure that the complimentary elements of your offer address the seller’s motivators more than those who you are competing with
- Ensure there is negotiation room in your offer, but for every upwards move you make, ask for something in return
- Once you’ve agreed a price, honour it. Unless something very dramatic comes up in the survey, absolutely do not try to chip away.
I am a firm believer in win/win negotiation and will always negotiate hard, but once a deal’s shaken on, that’s it in my mind.
Edited by schmalex on Sunday 15th July 15:08
Mate, i was buying a house not agreeing some multi million pound international trade deal.
schmalex said:
I am a firm believer in win/win negotiation and will always negotiate hard, but once a deal’s shaken on, that’s it in my mind.
This ^^^^^ with bells on (unless the bells are a cost option of course)Edited by schmalex on Sunday 15th July 15:08
It almost sounds like dear Noodle bid on a house, shat his pants @ the thought, then kept lowering his offer in the hope he'd be told to do one.
schmalex said:
1: I’m not your mate
2: Your approach disgusts me
3: If you’d done your homework properly, you would have got to the same final answer without pissing people off.
Buddy, i had only been out of school for a few years at the time. Homework was the last thing i wanted to do!2: Your approach disgusts me
3: If you’d done your homework properly, you would have got to the same final answer without pissing people off.
TwigtheWonderkid said:
He always had a choice. If Noodle had offered him £500 in cash for the house, the seller would obviously had said fk off. Even when you are completely desperate to sell, there's always a price you won't go below. Ultimately, Noodle's lowest offer was still acceptable.
No, they had to take it for fear of it dropping further.k off. Even when you are completely desperate to sell, there's always a price you won't go below. Ultimately, Noodle's lowest offer was still acceptable. Noodle1982 said:
popeyewhite said:
The offer may not have been palatable at all, the seller most likely may have had no choice.
Incorrect.Edited by popeyewhite on Sunday 15th July 12:36
The seller had a choice.
The house was left empty for over two years. It was left to a family after an uncle of theirs had passed away.
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