If the market is cold, then you have the capacity to play the back and forth game. Always be super clear of your intentions and put it in writing. My tip here would be, always enquire.
Price by negotiation can feel pretty intimidating, but it might just be a seller trying to keep their options open. Give the agent a ring and ask them what kind of price range they think the place would be in.
The other obvious pricing method is auction. These are becoming increasingly popular in Canberra. Sellers like them because they generate competition between buyers, which can lead to the best sale price. Buyers like them because all the negotiation is out in the open. You agree on the terms settlement length etc. Auction campaigns usually go for four weeks. Sign up to our VIP mailing list for info on off-plan properties before they hit the market and our top buying off-plan tips.
Not sure if you're ready to buy? At this point, you should speak to the estate agent and ask what the vendor is likely to consider. You can then make a counter offer above your original bid. It is important to remember that as a first time buyer, you have the added advantage of not having a lengthy property chain — and if you mortgage has been pre-approved — you are a very good prospect for the seller. That might give you some leverage in a negotiation, especially if the owner is looking to sell quickly and without complications.
Ideally, you should have a solicitor lined up to prepare and submit a formal offer. This will include all of the terms and conditions of the purchase — sale price, entry date, fixtures and fittings included in the sale, and title deeds.
At this point, the contract of sale is concluded and legally binding. For sales and lettings in Glasgow and beyond, contact our friendly Vanilla Square team. In practise though, knowing this average figure is of limited value. There is significant variance around this figure. If you were simply to offer Fortunately there are a number of factors that we can take into account which allow you to make a more informed offer on any properties that you are interested in.
Perhaps the most obvious thing to look at is the Home Report valuation. These days, properties will generally be marketed at Offers Over a price that is a few thousand pounds below the Home Report valuation. In some cases though, the seller and selling agent might agree to set an even lower asking price in the hope of attracting more buyers, thus creating more competition. Conversely, some sellers are reluctant to set their asking price below the valuation figure and will market their property at Offers Over whatever the valuation is.
As a buyer, the important thing is not to be too swayed purely by the asking price. For Offers Over properties, the valuation figure will typically give you a better steer on how much the property is likely to sell for. The first two or three weeks that a property spends on the market are crucial. Fixed Price — this generally means that the seller is willing to accept the first offer made at the given price. On the plus side, this can lead to a fast sale.
On the downside, it reduces the chance of competition, and consequently the willingness of buyers to offer more. Offers Over — this indicates that the owner is looking for a price higher than the advertised price. The price advertised is usually pitched lower than the Home Report value. On the plus side, this system can greatly benefit the seller if the competition is generated around the sale.
Offers Around — this method clearly states the price range at which the owner is willing to sell at. The asking price generally coincides with the Home Report valuation. Make sure you work out your finances before you decide how much to offer.
If you want to offer more than the valuation, you will have to meet the difference yourself.
0コメント