What did you haggle for with your house?
Discussion
So what did you get included with your house purchase?
I've just had an offer accepted for a house of 280k which was the asking. it was reduced by the seller previously as he had to make way for a previous buyer who was short on cash who is in a chain.
Now ive just found out that the previous sold price was 250k in Nov 2008, which was when the house was bought brand new.
It's a 5 bedroom, non estate, double garage on a private gated road in Leicestershire. I really like the house.
bearing in mind i'm a first time buyer (and probably sounding a little inept having made the offer without researching thoroughly) what kind of things is it realistic to haggle for. I literally have nothing to put in it and i think im paying over the odds as it is.
Valuation is tomorrow so i suppose i will find out next week what it is really worth anyway.
I've just had an offer accepted for a house of 280k which was the asking. it was reduced by the seller previously as he had to make way for a previous buyer who was short on cash who is in a chain.
Now ive just found out that the previous sold price was 250k in Nov 2008, which was when the house was bought brand new.
It's a 5 bedroom, non estate, double garage on a private gated road in Leicestershire. I really like the house.
bearing in mind i'm a first time buyer (and probably sounding a little inept having made the offer without researching thoroughly) what kind of things is it realistic to haggle for. I literally have nothing to put in it and i think im paying over the odds as it is.
Valuation is tomorrow so i suppose i will find out next week what it is really worth anyway.
I once VERBALLY agreed to buy at the asking price if the buyer could and would complete the sale in under 8 weeks. They agree to this. When they did not exchange contracts in 6 weeks (as previously discussed) I told them that I could no longer buy the house at the asking price.
Unfortunately It backfired, so I bought a new house, and negotiated for Turf, and a 6 foot fence, and a shower in the bathroom.
Unfortunately It backfired, so I bought a new house, and negotiated for Turf, and a 6 foot fence, and a shower in the bathroom.
So you offered on a house at a level you were obviously comfortable at, had it accepted and only now you've researched into it and want to start negotiating?
If your going to do anything which may ultimately jeopardise the sale, do it now before the sellers have spent a fair chunk of money on solicitors etc.
If the initial discussions don't go as you want, withdraw your offer so as to not waste any more of their time.
Sorry OP but people doing things like you is why selling a house can be such a pain!
If your going to do anything which may ultimately jeopardise the sale, do it now before the sellers have spent a fair chunk of money on solicitors etc.
If the initial discussions don't go as you want, withdraw your offer so as to not waste any more of their time.
Sorry OP but people doing things like you is why selling a house can be such a pain!
Edited by vescaegg on Friday 1st March 06:43
If I had an offer and I accepted it, and then I heard that the buyer wanted to negotiate, I would not think much of the buyer, and if a further offer came along from someone I perceived as more serious, I'd be quite happy to dump the first offer. Either pull out (swiftly) or go through with it.
Look at the surrounding area, and find comparable properties. What have they recently sold for etc?
Look at the surrounding area, and find comparable properties. What have they recently sold for etc?
Have you had a survey done yet?
If not, get one sorted and you can then negotiate off the back of that - ours, the survey found ~15k of work that needed doing so we got the vendor to come down by 10k.
Otherwise, do you feel you've got a good deal? If you have, it might be worth paying a bit more just to make sure you get it - again, we found out about our house Friday, viewed Saturday, offered and accepted Monday, by Wednesday the agents had five other people that wanted to view... Vendor had integrity and said that since we had seen and offered and they wanted it gone quick they weren't accepting further viewings.
If not, get one sorted and you can then negotiate off the back of that - ours, the survey found ~15k of work that needed doing so we got the vendor to come down by 10k.
Otherwise, do you feel you've got a good deal? If you have, it might be worth paying a bit more just to make sure you get it - again, we found out about our house Friday, viewed Saturday, offered and accepted Monday, by Wednesday the agents had five other people that wanted to view... Vendor had integrity and said that since we had seen and offered and they wanted it gone quick they weren't accepting further viewings.
I haggled my house doen last year from the 390k asking to 355k despite a clean survey.
I priced up the new kitchen, bathrooms, flooring, plastering, electrics, boiler, garden landscaping that I said I, or other buyers, would need to spend.
Im surprised I got the place for that price in the end (although I did start off at 335k) which wa possiblyy taking the p*ss
I priced up the new kitchen, bathrooms, flooring, plastering, electrics, boiler, garden landscaping that I said I, or other buyers, would need to spend.
Im surprised I got the place for that price in the end (although I did start off at 335k) which wa possiblyy taking the p*ss
Adjusted for inflation, £250k in 2008 is worth c.£280k in todays money.
Source, http://www.bankofengland.co.uk/education/Pages/inf...
Source, http://www.bankofengland.co.uk/education/Pages/inf...
I bought mine for the full asking price way back in 1986 - did try to knock some money off but the seller said no.
Come moving day, I turn up with the keys, moving van and small army of helpers and there's still loads of the owner's stuff being loaded up to go elsewhere. I ended up with quite a lot of his tat ( washing up bowl, bathroom fittings etc.).
When I sell my house I'll be wanting to leave quite a lot behind - it will be too much hassle to move it. You could ask if he intends leaving certain white goods behind as a matter of course.
Come moving day, I turn up with the keys, moving van and small army of helpers and there's still loads of the owner's stuff being loaded up to go elsewhere. I ended up with quite a lot of his tat ( washing up bowl, bathroom fittings etc.).
When I sell my house I'll be wanting to leave quite a lot behind - it will be too much hassle to move it. You could ask if he intends leaving certain white goods behind as a matter of course.
jdw1234 said:
How come everytime a thread pops up concerning a house sub £1m / outside zone 1 you get a string of comments on how cheap it is compared to their own house/flat?
It never seems to have anything to do with the original question.
I'm not in Z1 or even close. I didn't think anywhere in England you could get so much for your money. It never seems to have anything to do with the original question.
If I must only post regarding the issue at hand, not that I see the rules saying that.
OP: Tough, do your research first. You're the reason buying houses can be so annoying.
condor said:
I bought mine for the full asking price way back in 1986 - did try to knock some money off but the seller said no.
Come moving day, I turn up with the keys, moving van and small army of helpers and there's still loads of the owner's stuff being loaded up to go elsewhere. I ended up with quite a lot of his tat ( washing up bowl, bathroom fittings etc.).
When I sell my house I'll be wanting to leave quite a lot behind - it will be too much hassle to move it. You could ask if he intends leaving certain white goods behind as a matter of course.
Ah, then don't worry about it, let the new owners have to deal with your crap. It's as bad a fly tipping. Come moving day, I turn up with the keys, moving van and small army of helpers and there's still loads of the owner's stuff being loaded up to go elsewhere. I ended up with quite a lot of his tat ( washing up bowl, bathroom fittings etc.).
When I sell my house I'll be wanting to leave quite a lot behind - it will be too much hassle to move it. You could ask if he intends leaving certain white goods behind as a matter of course.
Sorry, don't mean to be rude and it wasn't specifically at you. I have seen it on numerous threads.
It just annoys me a bit.
Surely when someone asks a question about the most important/largest purchase of their life the last thing you want to hear is how cheap your house is compared to everyone else.
P.S. OP, unless it is something material that crops up in the survey, trying to change the agreement is not cricket.
It just annoys me a bit.
Surely when someone asks a question about the most important/largest purchase of their life the last thing you want to hear is how cheap your house is compared to everyone else.
P.S. OP, unless it is something material that crops up in the survey, trying to change the agreement is not cricket.
illmonkey said:
A 5 bed house for £280k! crikey.
My thoughts exactly! Bet it's got lovely views too.
Anyhow, on topic - my house I offered 15% below and got it for a bit less than 10%.
That was three years ago and the old couple that lived in it had bought it in the first buy your house scheme from the local council many many years ago.
OP to be clear, no one is saying its bad to negotiate a price down - that's the name of the game. You know what they say, 'if you're not embarrassed with your first offer, it's too high'.
People take issue with the fact that you have put an offer in and had it accepted but NOW you want to start negotiating. Giving you some leeway as a FTB fair dos but you will severely risk pissing the seller off / forcing them to have nothing to do with you.
As I said before do whatever you feel necessary for yourself but do it soon - once solicitors start they're stuff the bills escalate quickly! If you subsequently pull out before exchange the sellers will lose their money with no recourse - not fair I trust you will agree.
People take issue with the fact that you have put an offer in and had it accepted but NOW you want to start negotiating. Giving you some leeway as a FTB fair dos but you will severely risk pissing the seller off / forcing them to have nothing to do with you.
As I said before do whatever you feel necessary for yourself but do it soon - once solicitors start they're stuff the bills escalate quickly! If you subsequently pull out before exchange the sellers will lose their money with no recourse - not fair I trust you will agree.
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