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Estate and Letting Agents : Established 1992
for the East London property buyer
Negotiating
Before you present your offer to the seller, you can gauge
what their response is likely to be according to the strength
of your bargaining position. You have a strong bargaining
position, if you’re:
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An all-cash buyer; or
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Already pre-approved for a mortgage; and
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Not dependent on the sale of your present house to buy
a new home. In this case, the seller may be more willing
to accept something less than the listed price.
In a seller’s market, where homes are selling as soon
as they come on the market, your bargaining position is weakened
by the large number of competing buyers. So if you find your
ideal home in these circumstances, you should act quickly
and be prepared to offer the asking price or perhaps more.
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