{"id":769,"date":"2018-08-20T11:32:05","date_gmt":"2018-08-20T11:32:05","guid":{"rendered":"https:\/\/coppenwall.com\/estate-agents-blog\/?p=769"},"modified":"2020-01-07T20:56:58","modified_gmt":"2020-01-07T20:56:58","slug":"negotiating-an-offer-how-low-should-you-go","status":"publish","type":"post","link":"https:\/\/coppenwall.com\/hub\/2018\/08\/20\/negotiating-an-offer-how-low-should-you-go\/","title":{"rendered":"Negotiating an offer – how low should you go?"},"content":{"rendered":"
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\"offers\"<\/p>\n

When it comes to making an offer, the advice usually given is to, “offer 5 – 10% below the asking price”.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n\n\n\n

This system is now very antiquated, and not relevant to the modern house negotiation. <\/p>\n\n\n\n

To negotiate professionally, you need to research the property to push the asking price in the right direction. So what do you need to look for when negotiating an offer?<\/p>\n\n\n\n

Trends<\/h3>\n\n\n\n

The current market trends currently show that one third of property asking prices are reduced over their time on the market. <\/p>\n\n\n\n

You can search for current market trends on Zoopla by sorting local properties by “most reduced”. This can show you areas which are struggling to sell, and direct you to a good deal.<\/p>\n\n\n\n

Amenities<\/h3>\n\n\n\n

Check out school catchment areas, local transport links, and area boundaries. Offer prices will be dropped if there is a distinct lack of local amenities.<\/p>\n\n\n\n

Pros\/Cons<\/h3>\n\n\n\n

If the property is immaculately presented, has smart technology and is within walking distance of a fantastic school, the property price will climb. This is the ideal situation, but it also works the other way. <\/p>\n\n\n\n

Which have found that over 60% of buyers have successfully negotiated\u00a0 on the asking price after finding necessary repairs on their survey.<\/p>\n\n\n\n

Personal Circumstance<\/h3>\n\n\n\n

If you are a first-time buyer with no chain, a cash buyer, or a seller ready to move, use this to progress your case. <\/p>\n\n\n\n

Use your personal circumstances in a positive way to optimise your negotiating position.<\/p>\n\n\n\n

Budget<\/h3>\n\n\n\n

Make a list of costs, and set a clear budget of what you can realistically afford. Don’t put yourself in a position where you are struggling to proceed with your offer.<\/p>\n\n\n\n

If you do have any other questions in relation to this subject, contact us at Coppenwall Estate Agents<\/a>.<\/p>\n\n\n\n

We always recommend a survey when purchasing a property, read up on the different types of survey here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

When it comes to making an offer, the advice usually given is to, “offer 5 – 10% below the asking price”.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[88,75,113,79],"tags":[68,69,105,100,123,73,108,74,78,98,125],"class_list":["post-769","post","type-post","status-publish","format-standard","hentry","category-local-information","category-property-sales","category-questions","category-rossendale","tag-coppenwall","tag-digital","tag-estate-agent","tag-for-sale","tag-guide","tag-lancashire","tag-local-property-expert","tag-property","tag-rossendale","tag-things-to-do","tag-tips"],"yoast_head":"\nNegotiating an offer - how low should you go? - Coppenwall Estate Agents<\/title>\n<meta name=\"description\" content=\"You need to research the property in order to push the asking price in the right direction. 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