I've just offered 5.5% below asking (downwards trend in London house prices since mid 2023 hasn't changed) and the seller came back to me with an acceptance after initially countering for £5k more. There is now another offer on the table (close to mine, so I hear). So I think it'll come down to who is more proceedable. I am hoping that as a single household, solicitor instructed, mortgage offer in place (actual offer, from a failed sale), living with parents buyer, I might come out on top. I also offered to buy it without survey so they know I won't gazunder, and with furniture as-seen because it's probate -- I saw Kirsty win a couple a house this way on LLL many years ago. Wish me lucky, pray for me!
Two biggest problems for sellers are a) seeing their house through rose-tinted specs, particularly if they've lived there for a long time & got used to any problems and similarly, b) making false comparisons with other properties when doing their own research, always resulting in the seller over-pricing their own home, funnily enough! This tempts/pushes agents into over-pricing which can lead to frustration & disappointment, particularly in a flat maket.
Good evening there, I was just wondering I’ve had an offer for my property and I’ve accepted the offer. How long does it take till then? Does my estate agent get a solicitor that I’ve used before like doing probate? What is that happens next thank you very much
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Definitely agree that the best buyers, or most serious offers, come soon after you put your property on the market!
So true!
We accepted a lower offer as we were desperate to move. Best decision we ever made. Thanks Phil. Another helpful video.
Glad it was helpful!
I've just offered 5.5% below asking (downwards trend in London house prices since mid 2023 hasn't changed) and the seller came back to me with an acceptance after initially countering for £5k more. There is now another offer on the table (close to mine, so I hear). So I think it'll come down to who is more proceedable.
I am hoping that as a single household, solicitor instructed, mortgage offer in place (actual offer, from a failed sale), living with parents buyer, I might come out on top.
I also offered to buy it without survey so they know I won't gazunder, and with furniture as-seen because it's probate -- I saw Kirsty win a couple a house this way on LLL many years ago. Wish me lucky, pray for me!
Thanks for the quick video. Good advice.
Glad it was helpful!
Two biggest problems for sellers are a) seeing their house through rose-tinted specs, particularly if they've lived there for a long time & got used to any problems and similarly, b) making false comparisons with other properties when doing their own research, always resulting in the seller over-pricing their own home, funnily enough! This tempts/pushes agents into over-pricing which can lead to frustration & disappointment, particularly in a flat maket.
Knock knock👋"What's a Macket"?😳
Good evening there, I was just wondering I’ve had an offer for my property and I’ve accepted the offer. How long does it take till then? Does my estate agent get a solicitor that I’ve used before like doing probate? What is that happens next thank you very much
I offered to sell the house. He insisted to keep it.
u sound EXACTLY like jemaine clement