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5 TIPS FOR UK HOUSE BUYERS TO BARGAIN LIKE A PRO

When searching for UK property, don't buy your home without viewing it. When there are opportunities to own your home, you should make sure the first house that comes along is the one for you. Lately, more and more home buyers have educated themselves about the value of the house before making an offer, leading to greater opportunity to purchase homes for cheaper prices if you know how to negotiate. Here are some tips on getting a UK house on the cheap!


1) Do your research

1. The offer may not be the best, so think carefully before accepting. It may be possible to negotiate if the seller needs to make a sale.

2. Know your competitors in your area and set a realistic price in relation to the market value of property for sale around you. If there is more than one offer on the table, consider whether you are able to improve on their offer and if it's worth your time and energy.

3. Make an offer that's bound to drive the other offers from competing sellers down: paying an extra £1000 towards stamp duty or transferring their furniture before taking possession if they accept your offer over the others they've been offered so far.


2) Get your finances in order

Property prices in the United Kingdom have been skyrocketing over the past few years, and even if you can afford to buy your dream home, you may not be able to get on the property ladder unless you know how to bargain like a pro. With these five tips, you can learn how to protect your interests and save money while purchasing your new property. Know what you rebuying: The first step is knowledge. Make sure that you're informed about what type of property and area it is before putting an offer down on it.


3) Consider your offer carefully

It is a common misconception that buying a house is just about finding the right property and making a bid at closing. There are many details you should take into consideration before making an offer. Find out the selling price of similar properties in your area to help you decide what you should offer and what a reasonable price would be. In order to ensure that you get the best deal, it is important that you check how much the seller's agent is earning from selling the property. The more they earn, the higher their commission, which means there is less cash left after the commission has been paid.


4) Negotiate from a position of strength

The very first tip is to know what amount you can afford. For example, if you're looking to buy a property with an asking price of $200,000 and your budget is only $150,000, you'll need outside help. The second point is to ensure that you have enough money saved up for the down paymentand all the related costs, up-front. Contact the lender or estate agent and find out how much you'll need before you proceed - if it's more than you anticipated, then the deal might not be a wise idea. The third point is not to fall in love with a house too quickly - while it may seem like your dream home when you first see it, remember that there are many other houses available.


5) Be prepared to walk away

The first thing you should do is get ready. It's a waste of time and money if you try to bargain if you're not in a rush or don't like the price. If the seller feels your desperation and thinks that they have power over you, the seller might be more inclined to jack up the price of the home, rather than allowing a perfect opportunity come to you. Wait patiently and if the asking price is too high, simply walk away. After that, find out what other houses in your area have been selling for, in order to get an idea of what your house may be worth. This will give you more bargaining power than not having the knowledge of what the house could sell for in your neighborhood.
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