If you’re looking to get your perfect house, and you think you’ve found the one, how do you get it for the best price possible? The current housing market is somewhat unpredictable, but as it gets better and house prices start to rise again, negotiating the right price for a property becomes harder. Here are some tips to help you get the most out of your money.
5. Clearly define your limits
Whether you are a buyer or a seller, you should know your limits. If you are selling, you need to clearly define to yourself from the outset, how far you are willing to go to let your property go. If you are a buyer, make sure you don’t overdo it and set a glass ceiling.
4. Talk to an estate agent
It would be worth talking to estate agents to try and find out whether offers have been made on the property concerned. Also enquire as to whether there are any flaws with the property, things such as subsidence etc. There is a legal obligation for such things to be made transparent and that the buyer be told of any flaws. If you do not do this, you may well invalidate any property insurance policies you may have, which may be very costly.
3. Build a relationship
It should be obvious, but things always run much more smoothly when personal relationships are good. The more you endear yourself to the person in question, the less likely they will be to try and mess you around.
2. Don’t be Naïve
Whilst the former is true, ensure that you don’t get roped into a bad deal. At the end of the day, if the money’s not right, the deal won’t be. Be wary of people trying to scam you and be cautious. Whilst many people will be honest and abide by the rules, you may get unlucky.
1. Communication is paramount
If you start to stop receiving news, it is most likely a bad sign, and that you are going to lose out on your deal. Keep regular contact and make sure that you are in charge of the transaction, not your solicitor. Don’t forget, you are probably not the only one interested in the property so you have to keep your wits about you.