⭕ Negotiating House Price | How To Get 10k Off The Asking Price

When you're investing in property, negotiating house price is an essential skill.

But, this is a skill that is useful, not just for property professionals, but for homeowners and first-time buyers as well.

Today, Rob Jones looks at negotiating on the asking price and more generally at how to deal with estate agents when buying a house.

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CONTENTS

1 - How Do Estate Agents Make House Valuations?

The truth is, the way that estate agents make house valuations is not some exact science.

There is no secret formula.

Normally, a property will go to market at a price that is nothing more than a guesstimation of its real market worth.

2 - What Estate Agents Don’t Do

What estate agents don’t tend to do, is look at local market trends. They look at prices but not at supply and demand.

3 - Negotiating House Price

Understanding how estate agents do a property valuation is an important factor in negotiating the price and I hope I’ve given you a taste of the sort of things you need to know.

But moving on to exactly how to go about negotiating with the estate agent on the asking price, I suggest there is no better place to start than asking these three questions.

- Why is the vendor selling?
- How long has the property been on the market?
- Have there been any other offers?

4 - How to Deal with Estate Agents when Buying

The important thing to bear in mind, when you are dealing with estate agents, is that they are working for the seller.

5 - Framing Your Offer

Before you put in your offer you need to know what the price should be, based on local comparisons and you need to know how motivated the seller is.

Then, when you put your offer in, there are two things you need to do.

Do demonstrate your research.
Don't Use obvious numbers.

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FOR MORE INFORMATION ABOUT NEGOTIATING HOUSE PRICE AND FINDING PROPERTY BELOW MARKET VALUE SEE:

✓ 3 Things You Need To Know About Negotiating House Price

http://propertyinvestmentsuk.co.uk/negotiate-like-property-pro-build-buy-to-let-portfolio/

✓ Master How To Negotiate Buying A House Directly With A Vendor

http://propertyinvestmentsuk.co.uk/master-how-to-negotiate-buying-a-house/

✓ Master How To Negotiate Buying A House Directly With A Vendor

http://propertyinvestmentsuk.co.uk/master-how-to-negotiate-buying-a-house/

✓ Why A Good Rental Yield Is More Important Than A BMV Deal

http://propertyinvestmentsuk.co.uk/good-rental-yield-important-bmv-deal/

✓ 4 Sure-Fire Ways To Source Property Deals Fast

http://propertyinvestmentsuk.co.uk/4-surefire-ways-source-property-deals-fast/

✓ Property Bee and Property Tracker | Helping You Find BMV Property

http://propertyinvestmentsuk.co.uk/how-to-use-google-chrome-to-track-property/

✓ How To Make Serious Money As A Property Sourcer

http://propertyinvestmentsuk.co.uk/make-serious-money-property-sourcer/

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