Our flat has been on the market for 5 weeks, and finally we have a viewer today who says she wants to come back and make an offer subject to her mum's agreement (it's a first time buyer property, so I guess she's getting deposit from mum).
IF (and I know it's a big if) she makes an offer, how/should we haggle negotiate? We had the flat valued last summer, and it is now priced 12% below the 3 agents' price then, so I think fairly reflects reported drop in prices due to credit cruch so far. But obv things will drop further. We're expecting any initial offer will be at least 25K below the asking price (which would be only 50K above what we paid for it 8 years ago). Will we scare them off if we try and negotiate up a bit? Want to sell, want to get enough to buy a nice house outside London, but don't know what we're doing! Have only bought before and both of us are generally bad at negotiating anything.
Any advice welcome! Please?
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how do/should you haggle on offers (as a seller)?
12 replies
MamaChris · 19/07/2008 19:33
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