House Price Negotiations

Discussion in 'Motorhome Chat' started by Yorick, May 1, 2016.

  1. Yorick

    Yorick Funster

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    We're currently in a very nice villa on a trial run with a view to buying it. We love it and want to put in an offer tmrw.

    But, we've discovered a legal problem which makes the house slightly less valuable. Some may ignore it but we're trying to keep our nose clean. It's not important what the problem is.

    So, do we put in a low offer and explain the legal thing made us bid low. Or just put same bid in and mention the problem when he comes up with a counter offer.

    Don't want to insult him with a daft offer. But maybe good to keep something up our sleeve.

    What say the Funster brains?
     
  2. lorger

    lorger Funster

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    I'd go lower and don't worry about insulting him I'm sure he's been insulted before and lived and if you then make a better offer hell think he's beat you.
     
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  3. Abacist

    Abacist Funster

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    I go lower and explain why; in case, if you don't explain why, he doesn't come back to you having been insulted by your very low offer and won't speak to you again!
     
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  4. Yorick

    Yorick Funster

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    Aha. First 2 replies made my mind up :clap2:
     
  5. Tea Bag

    Tea Bag Funster

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    Hi.
    Is it being sold because of the,"Minor" legal problem ? Our first house here in Portugal,had a "Minor" legal problem,that some of the houses here do,in that it had a building on it that had not had planning permission. it was a ...Bungalow... with a garage door at the roadside end. We declared it as "Garage/storage",took the measurements and sent them in,these were passed and it cost very little.(Portugal remember)
    If the property is in England/Britain,i don't think any,"Minor" problem is an easy fix,so i would seek proper advice before parting with our hard earnt. You do hjave a very strong bargaining position. Best of Luck.
    Tea Bag
     
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  6. Barclaybasher

    Barclaybasher Funster

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    At the moment one of my sons is trying to buy his first home and has found that, where we live, houses are selling quickly at the asking price.

    He's viewing another on Tuesday, looks good - if it is he will offer asking price

    You have to decide how important the new house (home) to you....


    Good luck, whatever you decide

    ..
     
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  7. DBK

    DBK Funster

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    Is there such a thing as a "minor" legal problem in notoriously bureaucratic Spain? :)
     
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  8. Yorick

    Yorick Funster

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    We have a very good lawyer :)
     
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  9. Charlie

    Charlie Funster

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    Depends on the demand for the property...

    We put our house on the market. We had 3 viewings on the same day. One couple bid 10 under the asking. Two hours later we had a full asking price offer and accepted it.

    Couple number 1 were gutted and offered us 5 K over the asking to secure it. But we don't play those games.

    If a house is sat for ages then bid low. If it's new to the market and it's what you want don't arse around. If you really want it and can afford it then why risk loosing it.

    Yorric are you abroad ? If so the questions and relevant advice could be entirely different to here in the UK.

    The market is raging round here just now with property selling in days not weeks. Some are removing property from the market and putting it back on after a month or so at 15 to 20 percent more than previously asked. Mad or what !
     
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  10. GWAYGWAY

    GWAYGWAY Funster

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    Keep a very wary eye on ANY PROPERTY in Spain, minor legal problems might mean built without entitlement and that could be a bulldozer driving through the house in a month AFTER you buy it.. Have an honest lawyer???? look at it BEFORE you make any moves at all, you would not be the first to lose all there.
     
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  11. Yorick

    Yorick Funster

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    Our lawyer is shit hot. There's no problem with legality of the house. Sorry to keep the problem quiet.

    Just want to know when to play our trump card.
     
  12. Charlie

    Charlie Funster

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    Agree with that.... Explain why the low offer or the vendor might think you are taking deeeeeeee peeeeeess . That was me speaking Spanish by the way (y)(y)
     
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  13. Yorick

    Yorick Funster

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    We're in Lanzarote.
     
  14. Yorick

    Yorick Funster

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    Gracias :)
     
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  15. Zepp

    Zepp Funster

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    If it was me I would ask your lawyer how small is the legal problem

    Good luck hope you get it at the right price
     
  16. berni109

    berni109 Funster

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    start low you can always increase - very difficult to go the other way
     
  17. Yorick

    Yorick Funster

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    Thanks. The problem is really quite small. Just a negotiating tool.
     
  18. Charlie

    Charlie Funster

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    Good luck with it mate I hope it all pans out and goes smoothly for you !
     
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  19. vwalan

    vwalan Funster

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    always offer low anyway . specialy abroad . most of the properties are way over priced in the beginning .
    cvertainly many uk folk paid far too much and value property way too high.
     
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  20. Camdoon

    Camdoon Funster Life Member

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    Legal problem abroad? I would be loathe to buy. It is amazing the number of people whose perfect English disappears after a sale has been made. There have been tv series about buying dodgy property abroad and I assume no one on here is qualified in buying property abroad. Get them to sort it then negotiate. I have known sellers to walk away when offered a derisory bid (not me) even when the prospective buyer has returned with a full offer. Presumably you were willing to offer something near the price if you went to view.
     
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