Making An Offer on A House: Negotiation Tips | Episode 5 - Season One (Move iQ Podcast)

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  • Опубликовано: 28 май 2024
  • How do you negotiate buying a house? How do you offer below asking price? What is a reasonable house offer?
    Making an offer on a house is a delicate business. In this podcast episode, Phil Spencer shares his property negotiation tips to help you secure a good deal on your dream home.
    Listen in and by the end, you will know:
    🏁What you need to consider before making an offer
    🏁How to keep your emotions in check when negotiating
    🏁How to come to your own conclusion about a property’s value
    🏁How to know if you should negotiate or submit the asking price
    🏁How to use the existing property market to help determine your negotiation
    🏁How to submit your first offer
    🏁How to handle rejected and counter offers
    ➤ GET PHIL SPENCER'S ADVICE DIRECT TO YOUR INBOX ✉
    He'll help you make confident decisions that save you time and money!
    www.moveiq.co.uk/newsletter-s...
    ➤SUBSCRIBE TO MOVE iQ RUclips CHANNEL:
    For more helpful information and advice subscribe to the channel below!
    👉 ruclips.net/user/MoveiQ?sub_... 👈
    ➤VISIT OUR MOVE iQ WEBSITE 💻
    Find property advice and top tips for moving, selling, buying, renting and owning over on our website: www.moveiq.co.uk/
    ➤ADDITIONAL INFORMATION/RESOURCES
    ▪ Making An Offer On A House: Advice & Guidance
    www.moveiq.co.uk/advice/buyin...
    ▪ How To Negotiate A House Price
    www.moveiq.co.uk/advice/buyin...
    ➤SEASON ONE SPONSOR BY GOTO GROUP
    www.gotogroup.co.uk/
    #MakingAnOffer #NegotiatingHousePrice #BuyingAHouse

Комментарии • 41

  • @nancydeshaies4558
    @nancydeshaies4558 10 месяцев назад +1

    Your podcasts are as helpful and enjoyable to listen to as your TV shows which, because I live in the US, can only be seen online. Thank you, Phil.

    • @MoveiQ
      @MoveiQ  10 месяцев назад

      Thanks for listening

  • @cookingobsessions1020
    @cookingobsessions1020 3 года назад +7

    Can you make a podcast on "offer over" properties which is always used in properties in Scotland? Thanks.

  • @TheReckless007
    @TheReckless007 3 года назад +1

    Just discovered these Great podcast’s! Thank you!

    • @MoveiQ
      @MoveiQ  3 года назад

      Glad you found us and really pleased you find our podcasts useful. Be sure to subscribe we have more inbound.

  • @misss25brighton
    @misss25brighton 3 года назад +3

    Just had our first house go under offer and we are going into renting till we find our next house.
    I hate the whole process the games and how it all feels so underhand.

    • @MoveiQ
      @MoveiQ  3 года назад

      Good luck with the next stage of your move. There is lots more advice and the services you need over at moveiQ.co.uk

  • @Astral100
    @Astral100 3 года назад

    Brilliant tips, thank you!

    • @MoveiQ
      @MoveiQ  3 года назад

      You're so welcome!

  • @MuhammadKhan-yl7mt
    @MuhammadKhan-yl7mt 2 года назад +1

    The card of the negotiation is, if someone like the house, and they can afford, they will pay asking price. And those wanting to negotiate to save few thousands will end up wiggling their fingers. We have experienced it first hand, but I think it was due our budget limits. But don’t loose hope.

    • @MoveiQ
      @MoveiQ  2 года назад

      Thanks for sharing

    • @GeorgeAusters
      @GeorgeAusters 2 года назад +1

      Houses are going way over the asking price right now though

  • @zeezee4651
    @zeezee4651 2 года назад

    Hi Phil, We are hoping to sell our house spring this year and Im wondering whether it's worth paying out on improvements first, such as new window units or fixing a collapsing garden wall? They will be costly repairs but is it worth sorting them before putting house on the market? Some people say it's not worth paying out loads of money on repairs as wont make much difference to the sale price and not worth the hassle. Would appreciate your thoughts on this. Thanks

    • @MoveiQ
      @MoveiQ  2 года назад

      This article from our website might help you: www.moveiq.co.uk/advice/selling/tips/ we've also got a full podcast series on this channel with Phil's advice on 'Selling' here is the link to the playlist for you: ruclips.net/p/PLGH-TPGjRjiaviIKkM9PnPl3kbqys2ZmW Good Luck!

  • @Nyny.1000
    @Nyny.1000 3 года назад +1

    I'm definitely a proponent of buy the first house if it makes sense! If you are staying for a while and can afford the asking, don't play games just get stuck in because someone else will see what you've seen and want in on it!

    • @MoveiQ
      @MoveiQ  3 года назад +1

      Thanks for sharing 👍

  • @edelquinn9857
    @edelquinn9857 2 года назад

    Thank you so much guys wonderful Wonderful video

    • @MoveiQ
      @MoveiQ  2 года назад

      Our pleasure!

  • @richardthrift146
    @richardthrift146 2 года назад +1

    Massively helpful advice, during this crazy market 😜

    • @MoveiQ
      @MoveiQ  2 года назад

      Glad it was helpful!

  • @Michyhopey
    @Michyhopey 3 года назад

    Great advice as always Phil x

    • @MoveiQ
      @MoveiQ  3 года назад

      Glad you think so!

  • @ShantiTrish
    @ShantiTrish 3 года назад

    Thankyou, l’m smiling as before l bought our last home, l searched on the internet, then l visited the area, because a lot of photos fail to show the negative aspects. While visiting one area, l found out that the neighbourhood had been flooded in previous years. That the council were in the process of installing huge underground catchment tanks. ( The previous flooding was water flowing down for a mile, from a higher neighbouring village.) l also negotiated with the builders agent and got a reduction of £35,000 ( a huge amount for us, as our income was meagre ). Yes we left aluminium extending ladders, a lawn mower, a work bench in garage. It certainly helped and the items were not needed in our ground floor apartment. We also said we wouldn’t accept their offer, until their older parents viewed the house with them. As it was the young couples first home together. They were taking out a high mortgage, had one child, expecting another child and living in a small rented apartment. Yes they were emotional. We were pleased that we met there parents who appreciated our honesty. Life experience teaches, that yes you may be dishonest with your negotiations. Sadly many people who were fully aware of their fast practices, but still went ahead. Yes life did present them with other hidden future challenges. A case of what goes around, often comes back again, at a higher cost. No room for misunderstanding, yes get it in writing ALWAYS. Best wishes ☺️🌈

  • @adventuresofanathan
    @adventuresofanathan Год назад

    How do you even negotiate with offers when it's not an auction - most estate agents don't allow you to negotiate in the UK. You just need to put an offer in? Does this make sense, currently trying to buy a house on a mortgage.

  • @ozmunky
    @ozmunky Год назад +1

    Found nice place in Eastbourne reduced to 257k, offered 230k rejected then accepted 240k with some furniture thrown in

    • @MoveiQ
      @MoveiQ  Год назад

      Congratulations!

  • @l.miller2475
    @l.miller2475 2 года назад +3

    Isn't it unfair that a seller usually has an agent to negotiate while a buyer has no one to protect their interest?

    • @MoveiQ
      @MoveiQ  2 года назад +2

      Yes it's unbalanced - that's why we are here :)

  • @lazaroisern8032
    @lazaroisern8032 3 года назад +1

    Will they throw in the lawn mower,lol. Here in the state’s our real estate buying is a lot different.

  • @GeorgeAusters
    @GeorgeAusters 2 года назад

    What do you do when it's best and final offers and there has been 10+ offers for the house?

    • @MoveiQ
      @MoveiQ  2 года назад

      Hope this helps www.moveiq.co.uk/advice/buying-house-offers-and-negotiations/sealed-bids/

    • @GeorgeAusters
      @GeorgeAusters 2 года назад

      @@MoveiQ We offered £17,000 over the asking price and still lost out

    • @MoveiQ
      @MoveiQ  2 года назад +1

      @@GeorgeAusters Sorry to hear that. It is still very competitive out there. Good luck with your onward search.

    • @MrVinceChannel
      @MrVinceChannel Год назад +2

      1 viewing only. 15min to view once and need to make a best and final offer.

  • @stephenrichards5386
    @stephenrichards5386 2 года назад

    So one year later and the market is even more mad. Negotiation has become a thing of the past. I put 3 bids on 3 houses and was outbid with no option to counter bid. It's impossible to know where to bid.

    • @MoveiQ
      @MoveiQ  2 года назад

      It can feel frustrating - this article might help: www.moveiq.co.uk/advice/buying-house-offers-and-negotiations/sealed-bids/

  • @edelquinn9857
    @edelquinn9857 2 года назад

    Do you think I can ask for a 20 percent reduction in a house and farm in SUSSEX NJ USA, the couple purchased it in March 2019 for $525,000.00 then two years later listed it for sale for $725.000.00 now they’ve been steadily reducing it down to $649,000.00. I’m Very interested But the price is way too high, I was thinking of offering $520,000.00 what do u guys think I’m very nervous

    • @MoveiQ
      @MoveiQ  2 года назад

      So sorry we can't offer advice on this. We have an article on our webiste that might help but please bear in mind we are UK based and referring to the process of buying a home in the UK only. www.moveiq.co.uk/advice/buying-house-offers-and-negotiations/when-why-increase-offer/ Good Luck!

  • @ic3358
    @ic3358 3 года назад

    Negotiations??? People just offer way over the asking price don’t they ??? Muppets !!!!