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Jonah83

First Time Buyer Negotiations

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Dear all,

I would appreciate some advice. I've seen a two bedroom house in Berkshire on the market for £239,950 and it's been on the market since a week before Christmas. It's a neat little place and will need some work doing to it; bathroom refurb, plastering and window replacement but it's in a really lovely area.

Put an offer in on 3rd January of £219,000 and have since upped it three times; £223,000, £226,500 and now £230,000. Initial feedback from the agent was that they felt that they would settle for a figure not less than £230k and I waited about a week to hear back... today!

Now the agent tells me that they're looking for the full asking price, there've been three other offers and they'll be ringing them to tell them the same as me. I replied, via e-mail, that £230k is my absolute limit and can't go any higher. I just wonder whether this is a ploy to get more money out of me. Should I stand firm with my offer of £230k or have I missed out on my dream property?

Any advice greatly appreciated...

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offer full asking price.

And be quick about it or you will lose it.

Offer over £250,000 as going over the threshold for 3% stamp duty will put the other buyers off.

As a first time buyer, the agent will expect you to believe everything they say and be easily led into upping your offer to whatever they say you need to pay.

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Dear all,

I would appreciate some advice. I've seen a two bedroom house in Berkshire on the market for £239,950 and it's been on the market since a week before Christmas. It's a neat little place and will need some work doing to it; bathroom refurb, plastering and window replacement but it's in a really lovely area.

Put an offer in on 3rd January of £219,000 and have since upped it three times; £223,000, £226,500 and now £230,000. Initial feedback from the agent was that they felt that they would settle for a figure not less than £230k and I waited about a week to hear back... today!

Now the agent tells me that they're looking for the full asking price, there've been three other offers and they'll be ringing them to tell them the same as me. I replied, via e-mail, that £230k is my absolute limit and can't go any higher. I just wonder whether this is a ploy to get more money out of me. Should I stand firm with my offer of £230k or have I missed out on my dream property?

Any advice greatly appreciated...

agent is playing you

200k and walk away , hardly a quite selling area

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Dear all,

I would appreciate some advice. I've seen a two bedroom house in Berkshire on the market for £239,950 and it's been on the market since a week before Christmas. It's a neat little place and will need some work doing to it; bathroom refurb, plastering and window replacement but it's in a really lovely area.

Put an offer in on 3rd January of £219,000 and have since upped it three times; £223,000, £226,500 and now £230,000. Initial feedback from the agent was that they felt that they would settle for a figure not less than £230k and I waited about a week to hear back... today!

Now the agent tells me that they're looking for the full asking price, there've been three other offers and they'll be ringing them to tell them the same as me. I replied, via e-mail, that £230k is my absolute limit and can't go any higher. I just wonder whether this is a ploy to get more money out of me. Should I stand firm with my offer of £230k or have I missed out on my dream property?

Any advice greatly appreciated...

Walk Away. There will be other houses. Your time will come.

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Tell them you wont get in a bidding war and withdraw your offer. And say of the deal fall through you might be interested again, but at a lower price. Do this is writting and CC the seller as well. That'll focus their minds.

If there really is 3 other bidders they have lost nothing. But if there isnt you have called the EA's bluff and the seller will know that its cost them money.

Do not do this over the phone, and do not back down.

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Isn`t anyone reading what the OP said. Its His/her dream property !..take it seriously.

Oh oh oh, sorry i forgot there is only 1 house for sale.

Offer £300,000 now, NOW!!!

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Thanks for the advice provided here. The more I think about it, and the more people I speak to, I believe this is just a ploy to get me to up my offer yet again. I've upped it three times in a month so they obviously think 'they must want this pretty badly so let's see if we can get more'. Sorry... but I'm not here to furnish other people's greed and they've done nothing to meet me halfway. Much as I'd like to tell them to 'stick it' and watch with delight as the chain falls apart later down the line, the house is a little gem so I'll just leave my offer on the table and go radio silent for a week. If it's still on the market after a week, I'll know that these 'three other desperate offers' were a load of bull. Plenty more places out there... everything happens for a reason... time to knuckle down and look for something even better with more realistic vendors!

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Thanks for the advice provided here. The more I think about it, and the more people I speak to, I believe this is just a ploy to get me to up my offer yet again. I've upped it three times in a month so they obviously think 'they must want this pretty badly so let's see if we can get more'. Sorry... but I'm not here to furnish other people's greed and they've done nothing to meet me halfway. Much as I'd like to tell them to 'stick it' and watch with delight as the chain falls apart later down the line, the house is a little gem so I'll just leave my offer on the table and go radio silent for a week. If it's still on the market after a week, I'll know that these 'three other desperate offers' were a load of bull. Plenty more places out there... everything happens for a reason... time to knuckle down and look for something even better with more realistic vendors!

indeed move on and find another one , play them up against each other play the same game as the parasite EA . find loads of houses you like and make low offers , one may come back :lol: and when they do make some ******** up about a sick relative going in to care home blah blah costs and fees can only offer 10k less now :D

Edited by longgone

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indeed move on and find another one , play them up against each other play the same game as the parasite EA . find loads of houses you like and make low offers , one may come back :lol: and when they do make some ******** up about a sick relative going in to care home blah blah costs and fees can only offer 10k less now :D

This is good advice and pretty much describes how we bought our place last year. We put offers on a few places we liked, generally about 20% under asking. Eventually got a bite and following the survey got an extra 10k knocked off.

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This is good advice and pretty much describes how we bought our place last year. We put offers on a few places we liked, generally about 20% under asking. Eventually got a bite and following the survey got an extra 10k knocked off.

This is definitely the way to go - and exactly how I bought our place. It is the way of the bloke - apply clothes shopping methods to house buying. Minimum fuss and time.

Researched on the net for about six months (we were moving across the country to a known place but not we visit very often) - then had a week's holiday there. Saw about a dozen houses in 3 days - offered low - 20+% off - on all of them. One bite - which happened to be the very last house we saw and the one we liked the most. Clearly desperate to sell as they'd been dropping the price every month - and we were a cash buyer so could move quickly.

18% discount off the asking price in the end - back to 2003 prices. 32% off first listed price six months earlier. Nearly half what someone in the same terrace paid in 2007 (gulp) - although they have a bit bigger garden.

Edited by StainlessSteelCat

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I would sit tight. FTB myself and we are getting the same runaround and same stories.

Thanks to the people who have posted above, we have been making offers of 15% off asking and only 1 accepted but by the time they did and after the runaround we said we were no longer interested. Posters above give me confidence to carry on and that we are not taking the mick

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I would sit tight. FTB myself and we are getting the same runaround and same stories.

Thanks to the people who have posted above, we have been making offers of 15% off asking and only 1 accepted but by the time they did and after the runaround we said we were no longer interested. Posters above give me confidence to carry on and that we are not taking the mick

Just keep plugging away Lerroy, you'll find the right place for the right price eventually. I recommend using Property Bee to keep an eye on price reductions so that you can identify motivated sellers. I enquired about our place when I noticed that it had dropped 15k having been on the market 6 months. Much more likely to get a cheeky offer accepted by a motivated seller.

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