How To Negotiate A House Price
For First Time Buyers the opportunity to finally make an offer on the property of your dreams is one you will grab with both hands.
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For First Time Buyers the opportunity to finally make an offer on the property of your dreams is one you will grab with both hands.
A reasonable offer on a house in the UK is usually from 5%-10% lower than the asking price. It’s important not to start too low as your offer will not be taken seriously, but starting too high will reduce the opportunity for negotiations.
Yes, you are able to pull out of a house sale at any point until the exchange of contracts, as there is nothing legally binding you to the sale until that point.
Yes, you are able to lower your offer after it has been accepted. This may be due to survey results or information found during conveyancing checks. However, the seller might reject the new offer so it is important to consider this before reducing your offer.
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