We’re totally inexperienced and not sure how to negotiate. What would people do in this situation?
Flat is in a lovely area but needs completely gutting. New EVERYTHING- kitchen, bathroom, windows, front door, floors etc. It was on for 399k and we went in with a first offer of 360 - expecting it to be rejected. Vendor has come back with 380. 380 is our limit but would like to haggle a bit.
I think we should offer to split the difference and offer 370. DH thinks maybe work up slowly and offer 365.
It’s been on the market since June and has had four offers from developers that vendor has turned down. I don’t want to lose the flat by haggling too much. What should we do?