38 Balham Hill
London,
SW12 9EL

....ESTATE AGENTS

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buying residential property in balham

Negotiating

Before you present your offer to the seller, you can gauge what their response is likely to be according to the strength of your bargaining position. You have a strong bargaining position, if you’re:

• An all-cash buyer; or

• Already pre-approved for a mortgage; and

• Not dependent on the sale of your present house to buy a new home. In this case, the seller may be more willing to accept something less than the listed price.

In a seller’s market, where homes are selling as soon as they come on the market, your bargaining position is weakened by the large number of competing buyers. So if you find your ideal home in these circumstances, you should act quickly and be prepared to offer the asking price or perhaps more.