The estate agent called to say he had spoken to the vendor and that he is keen to get moving with things but really not able to go as low as £178,000 as this was our opening offer we weren’t too surprised.
We have upped our offer to £180,000 and this will be our final offer due to the amount of work that is required and also knowing that not many people will be interested in the property. Negotiation of the house price can be a tricky business as too low and the vendor will be offended but you really have to look at the resale value of the property and whether there are other interested parties. Although the agent has said he had another offer I don’t believe this as whilst viewing we were told that no offers had been made. Always ask questions when viewing and always remember the answers, make notes if you are seeing a number of properties in one day so you don’t mix things up.
What will put other buyers off this property is that lack of parking directly outside this house. The work is considerable but the price is too high to be viable for a developer which frankly only leaves other lunatics such as ourselves!
We go on holiday tomorrow for 5 days so if he doesn’t accept we will leave him to think about it until next week. If he isn’t prepared to accept our offer then we will advise the estate agent that we are going to go with our second choice which is £30,000 less to buy….watch this space.
