What’s the best you managed to negotiate when buying a house ?

[Hellobellomarsh]

Just out of curiosity I am wondering how much you managed to negotiate on a house/flat you bought? What was the asking price and what did you end up buying it for ?

£360,000 asking price. Excepted £342,000.

What's the asking price and how long has it been up for sale?

Ask them what the lowest offer is that they will accept. Sometimes they say a lower figure than you would have initially put in. If its low enough then say that you'll offer slightly under that. They won't want to lose the sale for a little bit less than they want.
This tactic has worked a couple of times for me.

Asking price 500, accepted 465

92: Started at 420k; paid £340k builders went bust.
2015: Started at 1.35m; paid 1.15m. Cash buyers - no chain and it was overpriced and very very dated.

£240k reduced to £197k
Dh wasn’t expecting them to accept (was just to kick off negotiations) and I hadn’t even viewed it yet.

£9k off a house with an asking price of £58,500, so nearly 15%.

It was overpriced though, , by at least £6k, and it was during the big slump in the early 90s, so a buyer's market. Mine was under offer and my buyers had their mortgage all sorted.

A long time ago now house was on the market for 18 months at £39000and it was empty
We were viewing the next door at £30.000. Looked over the fence and thought we would like to see it.
Had a viewing and fell in love. Went to the EA and offered(advice from Fil) £27.500 and they accepted.
Lived there 35 years.

£20k under asking price - and popular area!

£15k below asking.

We would have paid asking price but thought we'd try.

20k below asking, upgraded kitchen & flooring worth 25k & got them to cover stamp duty.

New build developer.

Asking price 145k, offered 118k and was accepted. (Offered that amount as it was what they'd paid for it 4 years previously, researched on Nethouseprices.com before making our offer)

Clearly I don't have this knack, as I'm about to pay 1k over the asking price 😂

23% below the “offers over” minimum price.

On for £525k, paid £500k.

New build - 25k off, 15k of extras with upgraded flooring we also part exchanged with them taking a 10k on our old house. As it was a p/x also agreed to us keeping the keys to our old house for 3 weeks after we completed on the new house. They are still developing another phase of our site and houses the same as ours as selling for more than we paid on plots not as nice as ours.

2 years ago we brought this house, was on for £750k and they accepted £690k and they agreed to do up the garage

On for £875k (for a long time) paid £793k

Not buying just yet... unless an amazing house comes up but in this area not much chance of negotiating the price 🙁

Our house was on the market for £220k. In fairness houses with our exact layout go for 260k BUT it was completely red, our room had a mirrored ceiling and my sons room had a very poor re creation of the painting ‘Scream’. We were literally about to be homeless and it had no chain, and there was maybe two other, much smaller houses on the market.

We offered £185k and they accepted.

On for 950 and they accepted 925

40k below asking price.

Got £30k off once but had been on the market 2 years in recession. Got £8k off this week but was prepared to pay in full as the market is hot here and we need somewhere to live!

Know someone who paid 1.3m for a 1.8m house not far from me.

Hugely overpriced though. I also know a developer who bid against me on a fantastic house, that needed updating. It was up for 850k, he got it for 740k, we couldn't pay more than 730k. We would have stayed their a very long time, he gutted it & sold it 2 yrs later for 1.6m.

Was up for 139 999 , reduced to 134 999, paid 122 000