How To Negotiate a Property Purchase

Great Video Saj. Thank you for your tips

Love your videos.
Thank you for being so open and educational.

Awesome video Saj. 👌🏽

Very value packed. Thank you.

Very good information. Thank you

Great tips😊

Be great to get an updated version of this for 2023 onwards 😊

Oooh, crafty! I love the ".... include the curtains..." approach. Very Ninja!

Great video. Really got some quality knowledge from this!

Probably one of your best videos. Great tips and good revision!

That was absolutely brilliant, Saj. Thank you for your top tip on over offering to secure the deal. I'm certainly going to use it.

Thank you Saj…👍🏼

Amazing 👏

Thank you.

Great advice & knowledge as always Saji much appreciated, keeping making these wonderful videos

Absolutely wonderful video from Australia

Well done mate 👍

Hello thank you so much for this content ,this is what i was struggling with ,very helpful thank you so much .im from South Africa in Durban,

Thanks So Much Such a Great Video

Another great video Saj! I have been in sales for the past 15 years and your tips and tricks are definitely transferrable outside of property. The silent pause is a favourite of mine :)

Great tip about the cup of 🍵 tea..I'll start accepting from now.

Great video. How to deal with "Guide price".

Nice tips

Good advice about dealing with agents....I just want to shout at one agency who have overvalued a property and just don't seem to understand that having no deeds, unconfirmed boundaries and poor condition are detrimental elements....🙄

Great video because I will definitely use this to improve my negotiation skills.

Great video but i'm afraid negotiations don't work now a days. Market is crazy. For a decent property in a decent area you either pay the asking price or lose out. That pause after the silent tip was hilarious 😂

Saj, thank you so much! Great succinct video...Step 3 was the 'golden nugget' as just had our home valued y'day and we so don't agree with agent's valuation. I'm currently trawling KRplus to find out what 'formulae' is used to value UK homes as the proffered - 'quarter of a mile radius from your front door' just seems like nonsense!!
Tell me - What if our neighbour HAD to sell their home for £350,000 out of desperation a year ago but houses on the road typically sell for £420k, how can their sale price be used as a fair representation for a comparable sale price for our home??
New subbie👌

Thanks Saj. A lot of these tips are also useful for FTB'ers. Also when are you going to do another video in cannon hill park? :-)

Thanks Saj, very useful. Hope you have a great eid! I did wonder during the final stages and once surveyor has provided a full report. Is it worth sharing the full report to the seller or estate agent as evidence of issues? Or is it best sending snippets from the report? Thanks

I'm always first.
Shahid

Hey, Saj. I'm interested in buying a property. Viewed it yesterday. The agent showed me the house and the owner was at home. I managed to get the owners personal phone number, which the agent wasn't happy about. The owner said to give him a call if I wanted to view the property again with my wife (who was present at the time). Is it a good idea to speak to the owner without the agent there and start a negotiation with the asking price? Please advise. Really love your channel and content. Regards, Mickey.

Great video, the only bad thing is the sound in the background

I will apply this video while buying my first property this year (I am sure I can find someone desperated to sell it) and if it works expect to receive a thank you at your mail box :)

A really great video! If you get to see this by chance Saj - Thank you!
I'm a gas engineer from London but at the beginning of my property journey (not started yet - still trying to gather knowledge). Hopefully get to attend a couple of your networking evenings soon.
Ravinder Singh

Thanks for the awesome video saj. Can you please make a video on investing in city centre apartments and is it actually a good investment. Manchester city buy to let is going crazy as well as Birmingham.

Great video. Unfortunately it's not working with me.

If i really what a house I outbid to get it, 20 years later that extra £5 -10k is insignificant. Value and potential over price every time

Great video Saj, how frequently would you say you make an offer on a property?

Tricky question for you Saj, upon registering and views, how does a buyer respond to the agent when asked what their maximum budget/ price they're will to pay? Btw this has been my favourite video!

Great video again Saj. I have actually started negotiations today on purchasing a property. Its in a much sought after area, I've put a full ask offer in now the agent has come back and said the seller now wants more money, very annoying. Any advice how I can move forward would be appreciated.

A year later it is a buyers market now. Can you believe when I asked the agents the lowest offer the sellers would be willing to accept, 66% told me if I go over the asking price by 5k then the seller will definitely take it?
P.S.: they know I am a cash buyer.

Unfortunately in many countries the price at which the property sold for is not published anywhere so nobody knows and seldom the agent wants to make that extra effort to find out on each single property you are interested in buying.

Great video Saj, thank you.
When agents ask for mortgage in principle and proof of funds, regarding the latter if you are planning to negotiate this deal and intend to use investor money not yet secured and dont have a deposit yourself, how would you work around this? (intentions are to flip the property) saying that, would you still need a mortgage in principle if you are hoping to purchase using all investor money again not yet secured?

How long property is on the market? 2021... usually about first viewing day and they are gone 3-5% + of asking price... end of negotiations.

How do you know if someone else actually offered on the property? Can agents bluff?

In theory sound good but end of the day who's pay more is buying the house maybe you have a chance if the offer is same.

Unfortunately, all this won’t apply in a seller market. In fact right now people want extra money , and agents are now using , guide price or offer over the real price. So this is not applicable right now .

Hi there , me and my wife have offered 248500 on a property that's up for sale for 290000. it's been on the market for 22 months and had no serious offers. owner died and now the daughters own it who both live in the US. 1 property in the same building sold for 260k in December last year and one across the court sold for 245k in March this year. we are cash buyers after the sale of our current property. did we do the right thing?

I am a property owner but currently renting in another town due to work move. I have learnt that the property I am renting is about to come to the market for sale. I want to make an offer before the property comes to the market. I have never communicated directly with the landlord. I have only communicated with the agents so far but not with the seller/landlord directly. I do not have the contact of the Landlord but can write a direct letter to their address. I cannot see them under the pretext of a viewing as they dont live in the property. What is the best way to get to speak directly to the owner. I tried to guage what the asking price may be through the agent but they came back to say the owner didnt provide a price yet but is happy to entertain an offer