Estate Agents Tips: ⭕ Negotiating House Price | How To Get 10k Off The Asking Price

Estate Agents Tip: ⭕ 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

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

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

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

✓ 4 Sure-Fire Ways To Source Property Deals Fast

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

✓ How To Make Serious Money As A Property Sourcer

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This Channel is where I will show you my best property investing tips, articles, real life case studies and advice on how you can create and grow your own successful UK property portfolio.

We cover everything from how to source property deals through to which strategy is right to get you started in property and which is maybe better for more established property investors, developers or landlords.

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12 thoughts on “Estate Agents Tips: ⭕ Negotiating House Price | How To Get 10k Off The Asking Price

  1. Hy gr8 video tutorial , I'm looking at houses now so is it a good idea to tell the estate agent that I'm looking at two houses or is that a bad idea. the houses are not in same street, in fact 4 miles apart

  2. Great vid 🙂
    We are on a look out for our first house. The houses here selling out like hot buns and usually above the asking price (sometimes way above). Is there a way to find out how much the counter offers are? What can we do to in order to be more competitive but not paying too much?

    Thanks

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