I’ve made an offer on a flat. How much negotiating is enough

[Luis Anaconda]

Also tell them that you've offered on another property that you prefer but are waiting on a decision from them.

Not really a tactic that has much pull when you are dealing through an intermediary who is likely to know all the tricks in the business. Not that it is much of a trick tbh

[Pokster]

First time buying here with mortgage.

We offered 10 grand less he will take 5 less so I will go back with 7000 less so 2 grand lower than what he will go for. What a crap way for me to explain it.

Reason being there are potential future lease renewal costs

I assume that the remaining lease is long enough to let you get a mortgage??

[Pat Vegas]

I assume that the remaining lease is long enough to let you get a mortgage??

Yep but may be a issue when I want to sell.
As I don't suspect we will stay in this place forever.

[Herbert Augustus Chapman]

First time buying here with mortgage.

We offered 10 grand less he will take 5 less so I will go back with 7000 less so 2 grand lower than what he will go for. What a crap way for me to explain it.

Reason being there are potential future lease renewal costs

be ignored. Their is nothing 'potential' about future lease renewal costs. They are guaranteed AND considerable.

It is also a buyers market so stick by your very reasonable offer. He won't be selling it any time soon.

[Herbert Augustus Chapman]

http://www.awimb.com/showthread.php?...72#post4196572

[Pat Vegas]

http://www.awimb.com/showthread.php?...72#post4196572

thanks Mr Herbert

[Herbert Augustus Chapman]

thanks Mr Herbert

How long is left on the lease?

[Billy Goat Sverige]

This is new to me but quite fun. The seller said he won’t go under £5k under the asking price. But I I want to go £10k he said no. Meet in the middle? I can afford the asking price to be fair.

It’s boring here. You bid against other people who want it. So rather than negotiating it quickly becomes a dick measuring contest.

[bbrian]

How do you know he said no if you haven't offered £10k under.

I made a 'derisory' offer to start (it's just a starting point in a negotiation). Meant that when we did 'meet in the middle' it was less than I'd have paid had I made a more reasonable first offer.

You are Dick Law!!