One of the questions we are asked most often is: “Can I get a house for less than the asking price?” In today’s market, the answer is often yes, but it depends on the property, the seller’s circumstances and the strength of your position as a buyer. Don’t be afraid to have a conversation with us at Hancock and Partners as we act for the seller. We understand what is important to the client and can advise on the factors that may strengthen your offer. After all, it’s in everyone’s interest to agree a price that works for both buyer and seller and helps the sale progress smoothly.
It’s important to remember that a property is only worth what someone is prepared to pay for it. The asking price is a guide price, therefore before making an offer, consider factors such as the condition of the property, how long it has been on the market and whether any work is needed. Making a sensible offer based on current market conditions is far more likely to be successful than offering an unrealistically low figure.
A strong offer isn’t always the highest one. If you are a cash buyer, chain-free or flexible on completion dates, let the seller know, as these factors can make your offer much more attractive. In many cases, sellers will choose the buyer who offers the best combination of price, certainty and flexibility, giving them the confidence that the sale will go through smoothly.
If you are looking for some friendly or impartial advice about making an offer, give Joel or Louise a call on 01243 531111.