How To make An Offer On A House | Investment Property | How To Negotiate In Today's Property Market

How to make an offer on a house... learning how to negotiate in today's property market can get that next investment property at a discount and negotiation is a skill you CAN learn.
Property investing is all about making a profit (ethically). It's about building your property portfolio by buying at a discount (ideally below market value - BMV - where you can) and then adding value... and a big part of this comes down to negotiation.
Learning how to make an offer on a house - is where it all starts and in today's video - let me give you 6 BIG property tips to get you started.
I hope you find this one helpful.
LOVE "YOUR FIRST FOUR HOUSES" AND WANT SOME NEXT STEPS?...
1) SUBSCRIBE: for weekly UK property investing tips and tricks!
goo.gl/qYrehR
2) CHEAT SHEETS: Download your (free) "Property Checklist" and "Refurb Datasheets"
yourfirstfourhouses.com/
3) FREE MINI COURSE: Teaches you the 3 strategies that enabled Lianna and I to become financially free through property, starting with very little money
yourfirstfourhouses.com/minic...
4) BOOK A 121 COACHING CALL: Whether you're new to property, or an old hand, our 45min coaching calls pack a real punch. Click the link to find out more.
yourfirstfourhouses.com/coach...
Here's to your success... Tony Law | Your First Four Houses

[@AceRimmer_]

You asked me so nicely i had to like your video

[@educationconsulting8212]

Ace Rimmer lol that’s so true , he ask so nicely

[@AndStillBoxing]

Same reason I liked it lol. Made me stoo what I was doing.

[@vaghelatejash6332]

After all he's a real agent expert

[@biancaoffield4605]

So true! I liked his video the moment he so nicely asked!

[@YourFirstFourHouses]

Thanks so much 😃

[@ajayb2478]

I bought my first house using your tips.. Thank you!! That stress freee feeling when everything thing goes through and your happy with your purchase

[@YourFirstFourHouses]

That's just awesome Ajay!!!! 😃😃😃

[@aintnoplum]

@@YourFirstFourHouses Hope your enjoying your house I’m in the market for a London flat... but I’m still 20 grand shy of them but I’ve got them down 25 even tho they put in offers excess, I don’t let that put me off

[@YourFirstFourHouses]

Well I wish you every success moving forwards Kalle 😃

[@imranmajid1978]

I actually love all your advice!

[@johnnykirkinnes7872]

Great video Tony! Thanks again for sharing your valuable knowledge.

[@YourFirstFourHouses]

Thank you Johnny😃

[@planetblix]

Great content Tony, I’m sharing with my property contacts!

[@YourFirstFourHouses]

That's brilliant 😃

[@lyndseyscholz3924]

Thank you 🙏🏻 what a great video!! So helpful 👍🏻

[@YourFirstFourHouses]

Thanks so much Lyndsey 😃

[@CiscoPhipse]

Good illustration Tony! Very useful information.

[@YourFirstFourHouses]

Thanks so much Euan 😃

[@alexbradley6398]

The best advice! The tip about doing your numbers and offering a non-rounded figure is gold!

[@YourFirstFourHouses]

Thanks Alex 😃

[@Braddurs]

Great video and delivered very well. I was pleased to have already done a lot of these points so I'll hopefully put this into practice within the next few days! Liked!

[@YourFirstFourHouses]

Thanks Braddurs - that's great to hear 😃

[@paulhanson6008]

Another helpful video, professionally and cheerfully delivered! The only minor "gripe" Tony, I couldn't download the fact sheet as the link opens a "first name and email address" section for completion however, the "first name" section is pre-populated with the privacy policy link which, when opened does not provide the option to confirm read and understood! (viewing on a MacBook)

[@robingleby6914]

Hi Tony, another great video and thx for all your great advice. One other great way of getting a lower offer excepted would be to stress your great "no chain position" and that you are all ready to proceed with basically cash burning a hole in your pocket for a speedy no hassle transaction. Regards Rob

[@YourFirstFourHouses]

Love it Rob!.... A GREAT suggestion (and thank you for your kind words) 😃

[@federicaf]

Amazing and useful tips! Thanks for sharing

[@YourFirstFourHouses]

Thank you so much 😃

[@leonaartgeek1435]

This is a very helpful video. Thank you so much for sharing. I've learn alot in 11mins 😁👍

[@YourFirstFourHouses]

Thank you so much Lee 😃

[@MrSunnyBhoy]

Great channel, as a FTB i find your style very friendly and your info very bitesize and easily understandable. Thanks

[@YourFirstFourHouses]

Thank you so much! 😃

[@imranmajid1978]

Very nicely communicated!

[@YourFirstFourHouses]

Thank you - very much appreciated 😊

[@noelmurphy622]

great video Tony Thanks

[@YourFirstFourHouses]

Thanks Noel, very much appreciated 😃

[@redember9380]

really helpful...thanks for this

[@YourFirstFourHouses]

Thank you 😊

[@guyroyalty]

A lovely video. Very informative

[@YourFirstFourHouses]

Thank up so much 😃

[@lauraclarke2901]

So helpful- thank you!

[@YourFirstFourHouses]

My pleasure 😊

[@Seanmusic1515]

Great video. Thank you

[@YourFirstFourHouses]

Thank you 😃

[@ajazmoghal]

Very helpful thank You

[@YourFirstFourHouses]

Thanks so much Ajazmoghal, very much appreciated 😃😃😃

[@ajazmoghal]

Your First Four Houses thank you. You mentioned you have videos to work out values of properties, can you share the link to those ? Kind regards Ajaz

[@YourFirstFourHouses]

Ooh... I have a horrible feeling I took them down when I cleaned out some of my older videos (because I thought they were soooooo bad). I'll have to redo them. This one isn't the same, but it's kind of relevant: Research Your Investment Property Goldmine Area In 60 Seconds | Buy To Let UK Tipskzbin.info/www/bejne/j4LTn4Rser6gn7c

[@evieblanchard7383]

This is a great video. Unfortunately we had our offer rejected this week and I’m wondering what we did wrong! We are first time buyers currently living with our respective parents, in no rush to buy and have a 35% cash deposit available. The property went up for sale on the Saturday for 320, we viewed it first thing on the Monday and made an offer on the Tuesday morning for 310. This was rejected and the response was, well we know this is going to sell anyway so we’re not accepting anything less than the asking. Two other viewings happened on the Tuesday, one offered asking and the other offered “significantly more” than the asking and their offer was accepted on the Wednesday morning. Other properties on that road with more bedrooms, almost 1/2 more square footage and larger gardens sold for about the same price recently so we justified our 310 offer! The property also had an old asbestos extension at the rear. Although we adored the property when we went to see it, I can’t help but think we got away lucky. It’s easy to say “let’s just offer more, more, more” because you love the property, but it’s not always worth it!! Hopefully a blessing in disguise.

[@YourFirstFourHouses]

Hi Evie, that's very frustrating, although can I suggest you would be more likely to nail down a discount on properties that have been on the market for some time, rather than on ones that have only just come on to the market. I wish you better luck next time 😃

[@DoctorTauri]

Lol you didn’t do anything wrong. Someone simply offered more. What would you do as a seller? Take more money

[@evieblanchard7383]

@@DoctorTauri yep it makes total sense. My point was just more about how it’s easy to get carried away with wanting to offer more than a place is worth because your heart is set on it (especially as first time buyers desperate to move out in our case) and because of the competition buyers face at the moment. It’s can be frustrating and the knock backs are tough. But happy to confirm that it was a blessing in disguise because we found somewhere else that ticket more boxes.

[@risanaomi4958]

This guy is easy to watch and very helpful. Relieving amongst all the different young personalities out there, this dude has some heart! Thanks for the content. We are about to make an offer on our dream home, been on the market for quite a while - the owners aren’t desperate to sell fast. We have good rapport with the agent and think we’ll be able to find out why some of the previous offers have been rejected so as to start off on a good foot with the initial offer leading into negotiations. Will be watching more of these videos 😊

[@YourFirstFourHouses]

Thanks so much… that’s made my day 😃

[@sandeepjuneja5716]

What is a chain / no chain? Would love a video on this

[@KS-mk8gf]

Another brilliant video

[@YourFirstFourHouses]

Thank you so much 😃

[@reyamkareem4807]

Thanks!

[@nabazmasifi971]

Well done 👍 thanks

[@YourFirstFourHouses]

Thank you 😊

[@connergoldberg]

Not putting them on the clock..? That's interesting.

[@ericcalabrese8716]

Great video

[@YourFirstFourHouses]

Thanks Eric, much appreciated 😃

[@ariteminue7180]

Hey Tony, another great video.👍🏾 Thanks for sharing your expertise. When it comes to price, why do you advise not to meet the seller halfway?

[@YourFirstFourHouses]

Hi Atit... To be honest... It's because when you're negotiating BIG numbers, it's ever so easy to just say "Tell you what... I'll meet you half way"... But that could potentially mean you pay thousands over the top when i'v reality the seller might have been happy if you'd just come up a thousand or two. I hope that made sense 😊

[@alisafavirealestate6939]

Hey Arit, I'd love to get your input on my new real estate KZbin series. All videos are under 2 minutes!

[@maximokit]

Hi Tony, love your videos.. so inspiring. I’m currently supporting my daughter FTB to make an offer on a property that has been adapted for a disabled person.. has an adapted bathroom and more of an issue... a through floor lift! It’s been on the market since Oct 2019 and I’m just wondering how much below asking price we dare go. I keep thinking about your advice about buying ‘problem’ houses and wonder if you think this would be a good option to add some tangible value? Any advice much appreciated.

[@YourFirstFourHouses]

Hi Maximokit, to be honest, this is a little difficult to comment on, because there are so many variables. If you really would like me to assist, you might like to consider booking a 45 min coaching call @ £147. Either way I wish you every success moving forwards

[@Pressure-xs6nq]

Superb!!!

[@YourFirstFourHouses]

Thank you 😊

[@maranatharoric]

Cant download the checklist , please help

[@PardeepSingh-ex5oc]

Good video thanks for helping us

[@YourFirstFourHouses]

My pleasure 😃

[@PardeepSingh-ex5oc]

@@YourFirstFourHouses Thanks for your reply as I'm first time buyer I'm interested to buy some properties in Birmingham do I'm gonna make any profit as I heard property market going to crashed due to coronavirus so I can buy property bellow the market price ? Also shell I buy house in good area like SOLIHULL,,SUTTON COLDFIELD OR HARBOUNE area the houses are expensive in that area I'm thinking to buy a house in posh area so the house price will increase quickly?? What is your view please could you kindly give me any suggestions pls

[@YourFirstFourHouses]

Why not book a Coaching Call. I charge £147 for them and we can talk this all through, it's impossible for me to properly help you in a short message on here to be honest. Go to my website and you can book your call there 😊

[@PardeepSingh-ex5oc]

@@YourFirstFourHouses Do you have a phone number please

[@YourFirstFourHouses]

Please email instead [e-mail]

[@0o603]

Hi sir I dont own any property.. so what it a good ROI in london for 1 bed ? What does it take to turn 1 bed in london into 2 bed? Is your income important when shopping for buy to let mortgage? Can you get 0% deposit mortgage and is it good idea?

[@kidsEntertainment-rk9ov]

Basically I am constructor, I am trying to start property work and I want to start property work too.

[@TheRealSmith6]

Hi Tony, I’ve been watching your videos and taking plenty of notes! Do you think it’s better to seek out estate agents and private sellers or risk an auction for a house? I’m looking at getting my first Buy-to-Let property within the next 1-2 years.

[@YourFirstFourHouses]

I think you can do all three 😊

[@michaelbruce9197]

I had a bid rejection today, I’ll try again Monday😁

[@YourFirstFourHouses]

Good luck with it Michael 😊

[@michaelbruce9197]

Your First Four Houses I will put in another offer Monday . I going up $100.

[@roshnipiplodiya1991]

Very nice

[@YourFirstFourHouses]

Thank you 😃

[@dikkebras5453]

Good video. You sound like you are a realtor because I am. In agricultural land. #GroveErasmus

[@YourFirstFourHouses]

.... It must be all those years I put in in sales 😊

[@dancingwithfools]

Good stuff

[@YourFirstFourHouses]

Thank you 😊

[@MrRobertomendola]

Hi, in the beginning of the video you mentioned you made a video on how to figure out the correct house price could you please link it thank you

[@YourFirstFourHouses]

Hi There... Yes you're right... I confess I did have an older video showing how to do this, but I hated the quality of it and so deleted it. I should probably make a replacement sometime... Thanks for the nudge 😊

[@joeg7537]

Is there an updated version? Would be an interesting watch Thanks

[@YourFirstFourHouses]

Hi Joe, do you feel it needs to be updated? If so, can I ask which bit you feel needs updating?

[@joeg7537]

Not this video, this one's great. I meant the one about the correct house price, that you deleted

[@YourFirstFourHouses]

Hi Joe, I am sorry, but I don't understand?

[@1salahudin]

Hello Tony. What would your advice be on a property which is let’s say way over budget on the actual value. For example. It’s being sold for £265k when it should be around £200k? Any advice will be welcome. Thank you in advance

[@YourFirstFourHouses]

Unless there another reason to buy it....... Find a better deal!

[@OutdoorsIQ]

Some vendors are unrealistic with their expectations. They could be emotionally attached to the home, and feel it’s worth more then it is.

[@YourFirstFourHouses]

I completely agree.

[@Delgado-yu5hs]

Big fan

[@Dan-ug1cj]

Hi Tony. The link to download the checklist doesn't work it just says page cannot be found

[@YourFirstFourHouses]

Thank you for the heads up Dan - this link should now be working 😊

[@Dan-ug1cj]

@@YourFirstFourHouses brilliant. Thank you

[@FatherOf0fucks]

I liked the video too

[@YourFirstFourHouses]

Thanks Julien 😃

[@lavayuki]

This is really useful, I'm a first time buyer and your videos have been very helpful

[@YourFirstFourHouses]

That's great to hear 😃

[@erichung8087]

Gt video,u might not believe It, but your voice and English accent makes the video more attractive 😀

[@YourFirstFourHouses]

Thank you so much Eric, that’s very kind of you 😊

[@aayotechnology]

If one is buying a house with several issues does one deduct those repairs in their initial offer before or wait til after there is an inspection? Should I deduct some now and some later? Fyi I’m in the states and it’s a sellers market if that matters.

[@YourFirstFourHouses]

Funnily enough I organised a webinar last night for mtg mastermind group all about defects 😃 My suggestion is that these should beer taken off the asking price, IN ADDITION to any already agreed discount. Good luck

[@mulliganstew72]

You list “appraisal” and “inspection” as contingencies in the offer contract.

[@MrSmoothasf]

The biggest problem I'm having is the Estate agents always lie, I've been told nearly every house I've viewed 'have just had an offer of the asking price' even when I know full well they haven't. One door was full of cobwebs and 2 months worth of mail on the floor and they were saying someone viewed it the day before and made an offer

[@YourFirstFourHouses]

I guess I'd have to ask the question... Why would they lie? Presumably they ONLY make money IF they get a GENUINE sale... So I'm struggling to see why they would "pretend" they have a sale if they don't? Can I ask why you feel they would lie about having an offer?

[@MrSmoothasf]

@@YourFirstFourHouses so I offer more, they get a percentage on the amount the property sells for so the more they get me to bid the more they get. Nearly every property I've viewed I've been told this except for 1 company who were completely honest about everything, the rest are all shady. In Scotland they've made this illegal and I can see why.

[@laterrider]

To be honest... I don't believe Estate Agents do this (generally speaking) because it doesn't make sense. As an example... You're suggesting a property is on the market for - say - £200,000 and no one has made an offer on it. If the agent is on - say - 1.5% commission (which is pretty average), that means they would make £3000 if and when it sells. You then come along and the agents lies to you and says "I am sorry - someone has just made an offer for the full asking price of £200k" in the "hope" you MIGHT then offer - say - £205,000 (as an example). If you think about it... if the agent were to let you buy it at the market value of £200k - they'd make £3000 commission... but if they "lie" as a way of trying to make you pay more - i.e. £205k, they actually make £3075 commission - i.e. only £75 more... AND of course they now run the risk of losing you as a potential buyer (which appears to have been the case!) No... for £75 (in this example)... I honestly don't think an agent would do this - it just doesn't make any (financial) sense.

[@bigB987]

@@laterrider I think actually it does makes sense. Not for the $75 extra cash but higher bid can make his life bit easier to convince the seller to sell

[@YourFirstFourHouses]

If you read above you can see I said... "If the agent were to let you but it at the market value of £200k..." ...So it's being sold at the market value (i.e at what the seller wants to sell it for) AND no one needs to convince the seller to sell... Because he's already on with the agent 😃 I hope that makes sense and thank you for your comment.

[@PapasAdvise_1]

Really enjoy watching your videos. I was wondering if you could help me on some advice. I’m currently attempting to buy a lot that is listed at 40k, but it’s only valued at 29,500. I offered 33k to the Agent selling it but did not accept. Should I attempt to make contact directly with the seller and avoid the realtor in offering more?

[@YourFirstFourHouses]

Hi Jorge... Thank you for your question. If it has only been valued at 29,500... Is there a reason it's being marketed for 40,000?

[@alisafavirealestate6939]

How did this turn out?

[@mrdojob]

The last point he made about looking at all the reasons why it might be worth less is the most valuable. Does the area have a bad reputation? Are other houses going for less that are in better condition? Are the windows old and need replacing? That's £500 per window, add them all up. Is there signs of damp? That's a lot of money you'll need to spend sorting that out. Is the roof looking very old? That's more thousands to fix. There is always something wrong with every house and anything wrong is always a valid reason to lower an offer. If the house is particularly bad tell the estate agent the cost of doing it up to a liveable standard plus the asking price. just say "This house is up for 60k, is full of damp and it'll need at least 20k worth of work doing to it. I noticed I can get a house that's perfectly dry and cosmetically nice for 80k in this area, what's the point of buying this house when I need to do all this work just to break even?" Sounds fair and reasonable? Hell yes and the estate agent will agree. Always mention the surveyor picking up on obvious problems. All lenders will send in a surveyor to look at the condition of a house. The surveys are very thorough and will pick up on everything and notify the mortgage lender of any problems. If the roof looks like it needs replacing say "the surveyor will pick up on this". If a house is genuinely overvalued almost all estate agents will crumble when you mention the surveyor. That being said tell the estate agents what's good. If you're all doom and gloom they will dig their heels in. If you're fair with pros and cons they'll warm up. Judging from the valuation price you said, be VERY pessimistic. For a price that low it'll be safe to assume the house is a total write off and if it's got massive cracks through it tell the estate agent the house is worth zero. A house that needs to be torn down is EXPENSIVE and just devalues the land it sits on. Iv'e seen one mad bastard pay 45k for a house with a huge crack foundation to roof apex once at an auction. I'm sure he deeply regretted that. The property itself was worth about £500.

[@YourFirstFourHouses]

Wow... That's a mega post! 😃

[@mrdojob]

@@YourFirstFourHouses I only know one word and it's "mega" lol

[@watkinscopicat]

what would you say is the most percentage below asking price to make a first offer? 10%? especially for a property that’s been on market for over 6 months with no offers and already reduced once.

[@YourFirstFourHouses]

It’s impossible to say because it depends on a whole bunch of different things. Perhaps I can turn the question around and ask… what price would make this a deal for you? Or better yet… why are you wanting to buy it at all? Cashflow? Added Value? No money left in? etc. etc. Why do you want to buy it?

[@tiglen1]

I thought if have the chance to offer/negotiate but my first offer of the asking price then immediately went to a closed last and final offers situation ... because someone conveniently immediately offered a mere £500 more than me on the asking price. I really wanted the property and had no idea really how serious the other buyer was. I was completely unprepared to suddenly be going from first and only person offering to being thrust into a blind auction style bid! I do wonder if the the other offer was at all genuine. I felt i had to go to my max and the figure I wouldnt be upset to be out bid on, which was 10k more than the asking price!! Was I stupid? Is it ever the case that estate agents arent honest about a second offer?

[@ThatGuy-fd5px]

That's what I said. House I'm looking at is going for £185k ( 3 bed) and a 2 bed house was £175k and sold for 160k. Another house similar to the one I'm looking at (a bit bigger and backing out to the country sold for 180k. I offered 166k but will go up to 175k max as it need a lot of work.

[@ese4368]

Can you put an offer below the guide price?

[@YourFirstFourHouses]

That's a great question and the answer is... Yes... However... I'm assuming it's an auction we're talking about here and so you should be aware the "Reserve Price" is usually set within (about) 10% of the guide price 😊

[@afualani4562]

Is this for buying houses in England?

[@YourFirstFourHouses]

I'm based in England, Yes 😊

[@nadim2769]

What is a proxy bid and who can do it?

[@YourFirstFourHouses]

Hi Bad in. To be honest... I've never done this and so can't advise you.

[@nadim2769]

Your First Four Houses np, but thanks for the videos. Will help me hopefully in the future

[@YourFirstFourHouses]

No problem... Sorry I couldn't be of more help.

[@nadim2769]

Your First Four Houses no need to be so apologetic! You're videos are probably the best videos on UK properties on KZbin.

[@planetblix]

Nadim Chowdhury Yes I agree, the clarity is excellent, no grand unachievable objectives but great actionable content.

[@frustratedhomebuyer]

Dec 2022 : Funny how you mention establishing credibility with an agent. I am registered with at least 25 agents in my area (mid-Wales), they all know that I'm a cash buyer with a nice sizeable budget, have nothing to sell and can be out of my current rental with just 4 week's notice. Despite this, not one of them, ever, has called me with advance details of a property, nor to check up on how my search is going. In fact one recently said to me that they were 'so busy' 🤣, I should just keep checking Rightmove to find a property. So as for building rapport, it seems to me as though none of them give a damn about establishing relationships with buyers. They're all hopeless. I suppose houses have sold themselves over the last 18 months of craziness so they really can't be bothered to put in much effort.

[@YourFirstFourHouses]

I’m really sorry you’ve had a bad experience with agents Chris. Hopefully things will improve for you in 2023… I wish you the best of luck 😃

[@adam85296]

If you put your offer in writing showing who you are - a property developer or similar - doesn’t this have the opposite affect in it makes the seller think I’m dealing with a property guy and so they immediately think they might not get the best deal from you / would rather sell to a nice young couple or whoever rather than you the mean/hard nosed business man character!

[@YourFirstFourHouses]

Hi Adam, i believe you're absolutely right... Which is why whenever I've done this i always just sign off as "Tony" on plain paper (i.e. No letterhead).

[@chriskimandchloe9397]

How do u make a offer on a property when ur in the begining of a houses crash?

[@YourFirstFourHouses]

You’d make it in the same way you’d make any offer… although I personally don’t think they’ll be a “housing crash” as you put it… possibly more of a “softening” of house prices… although I’ve been wrong before! 😊

[@muradbali]

If some1 can help plz What and how to deal with vendors when you are asked to make offer over the asking price? Eg. Offer over 250k. How do you tackle this.

[@YourFirstFourHouses]

To be honest, that’s very difficult to comment on because it “depends” on so many different things! Only you can decide how much you should be paying for a property. What is it worth to you?

[@samzsports]

I put offer on two houses . Both times agents did not inform me of higher offers . They simply asked me what’s your max offer . Agents don’t negotiate and they want you to accept what they say . I am fed up with negotiations

[@YourFirstFourHouses]

I’m sorry to hear that.

[@bolatbolat4598]

Hello.I am from central asian country. I would like to buy a house in UK for investment goals.(Renting). Is it ok to buy a property overseas, espesually in UK? Thank you.

[@YourFirstFourHouses]

I'd be happy to talk this through with you. Just go to my website to book a coaching call

[@bolatbolat4598]

@@YourFirstFourHouses okay. Thank you very much.

[@kansas8152]

I literally put an offer in today for $180,000. The house was listed for $190,000 though.

[@YourFirstFourHouses]

That's brilliant Katie... I hope you get it! 😃

[@alisafavirealestate6939]

How did it go??

[@jaku1798]

Can I make an offer on behalf of someone else? How deal sources make offers?

[@YourFirstFourHouses]

I don't see why not Jakub?

[@jaku1798]

​ So, how much time do I have to find potential investor after making an offer?

[@YourFirstFourHouses]

Sorry, I don't understand?

[@mkmitchell4028]

I have a deal im working first time facing. I gave them my offer of $270k the property is paid for. The seller is worried about the tax rate based on $350k appraisal he feels that he is losing $80k as for taxes. How would you over come that the property needs $30k in rehab

[@YourFirstFourHouses]

To be honest with you, I'm not sure as I'm not based on the US and so don't understand the tax system over there's I'm sorry I can't be of help.

[@mikkip2302]

Sellers don’t push the agent for a higher price. More commonly agents push the price higher so the seller uses them and then later the agent cuts the price when it isn’t selling with a load excuses....

[@YourFirstFourHouses]

Good point Mikki 😊

[@sirxenon6855]

You go home do your numbers on what everything will cost based on what you saw at the viewing (+refurb quotes from pros) and THEN make the offer over the phone or in person for the second time right? Surely not at the first viewing?

[@YourFirstFourHouses]

That works for me 😊

[@babushah850]

I need to find out how I can get equity released from a HMO in a SPV company, which fully paid, earning pds.900 net per month. The HMO was valued in August @pds.180,000.. Want to purchase a portfolio of properties from the maximum finance I can obtain. Need contacts of finance brokers and contacts of people selling their portfolios.

[@YourFirstFourHouses]

Hi Babu... The only person to speak to here is an independent mortgage broker.

[@babushah850]

@@YourFirstFourHouses Thank you. Any recommendations on who specially deal with HMO finanacing

[@advaitantrolikar244]

Is it possible to negotiate a considerable amount on a newly built home

[@YourFirstFourHouses]

Sorry, I don't understand

[@advaitantrolikar244]

Your First Four Houses we’re looking to buy a newly built home with the help to buy scheme. Would it be possible to negotiate a considerable amount for it. (Eg: 60-70k)

[@YourFirstFourHouses]

Everything's negotiable... But how negotiable would depend on the developer of course. Good luck! 😊

[@advaitantrolikar244]

Your First Four Houses thanks also how do you think that market post covid will affect first time buyers?

[@advaitantrolikar244]

The*

[@cu99460]

I made a offer for 630k on a 700k guide price, 4 bed. She rejected my offer and I said give me a counter offer. The agent the told me, she can't make me a counter offer. Then she said, I must must make another offer. I then said, sorry I asked for a counter offer to my original offer. The agent then said she wasn't able to give me a counter offer. Do you have any tips or ideas of what I should do here? I feel like she wants me to keep putting in offers and then she's gonna continue to reject until she hits a thresholds. What would your advice be? My max offer is 650k, but I want the property for less then this as the place needs allot of work.

[@YourFirstFourHouses]

I’d probably go and see her and have a chat if you can 🤔

[@TheMLJM]

Surely agents know that buyers offering a slighly odd number are bullshitting to an extent?

[@YourFirstFourHouses]

+Snowflake it depends on how you present the numbers in my opinion

[@TheMLJM]

@@YourFirstFourHouses interesting, how would you present them? Personally I explain the reasons in writing for making a low offer e.g refurb costs

[@YourFirstFourHouses]

If you just offer an odd number without explanation... Probably.

[@bubblegumbabe21]

Anyone any advice on buying a first time home from a divorced couple? We’ve never met the ex-husband but he is saying asking price is his bottom line. The house needs quite a bit of work just to move in and will need a new kitchen within the first year so we offered 3 grand below asking price. Ex-wife was happy with this but ex-husband keeps putting his foot down. Should we move on or wait it out? We’re the only bidders that haven’t dropped out (and therefore the highest bid) but I feel like we might end up in the middle of an argument!

[@YourFirstFourHouses]

Hi Natalie. I've certainly bought from divorcing couples and it can be challenging... but this has GOT to be a good deal for you - otherwise you shouldn't be buying it. If you feel it would help to talk this through, why not book up a 20 minute coaching call with me here: yourfirstfourhouses.com/question/

[@fishyface3940]

If you can wait, I would. What's better for the husband, no money or some money? Still keep an eye out and view other properties but leave it on the table.

[@johnvancamper9581]

Be prepared to walk away from any deal on any house. Divorce can hide agendas. One may be trying to punish the other or even stop the divorce. There's a principal in sales which says "Objections are buying signals" so in this case treat his no as a simple objection but an indication that he wants to sell.......stay with me......always test objections for validity. 3k off isn't much but from their perspective it's only 1500 each. If she wants to accept and he won't then maybe, just maybe there's a way he could get his 1500 extra but she gets what you offered. That way it costs you 1500 more ....another way the lady splits the difference with you and he gets his 1500 - half from you and half from her dropping her share a further 750 My point is if between you and the lady selling you find a way to give him his full 50% of the asking price and he STILL won't sell, then you know he's not trying to sell. So does she. They could also be playing good cop, bad cop like the car salesman who goes off to ask his manager if he can do the deal you want. Then he days the boss won't let him. Saves him from looking like the bad guy which let's him keep on persuading you to buy. The antidote to that is treat the salesman as if he and the boss are one and the same person. One more thing.......unless your budget is that tight is it worth letting a house you want slip away over only 3k ? Think of it this way........you'll maybe lose 1k in appreciation over the next 6 months looking around. You'll maybe spend 1k in time and travel looking around for 6 months. If something changes financial for you in the next 6 months you may not be in a buying position at all. And finally what impact in terms of relationship stress and convenience of living does not having a home you want for another undetermined period carry with it ??? Good luck. John

[@mulliganstew72]

@@johnvancamper9581 I love the way you think. Great reply

[@kidsEntertainment-rk9ov]

Kindly increase the volume

[@YourFirstFourHouses]

Sorry, that's not possible with existing videos

[@kidsEntertainment-rk9ov]

@@YourFirstFourHouses for new videos

[@YourFirstFourHouses]

To be honest, I believe the volume is now set about right and so I am sorry I am unable to increase it for you.

[@kidsEntertainment-rk9ov]

@@YourFirstFourHouses it's ok thanks for replying. I want to understand better that's why I suggested. But I will try to understand.

[@aintnoplum]

I offered 55 less got em down 25 already

[@KingsWorld2015]

Always offer in odd numbers never in even!

[@YourFirstFourHouses]

Great tip!

[@Rizzit]

I offered 1m on a property hat was sold for 1.17 and the seller refused, even though I had the bank certificate for 1m. That was a year ago they are still selling ...

[@YourFirstFourHouses]

Get back in there would be my suggestion 😊

[@stephen6262]

Superb video really enjoyed it great advice

[@YourFirstFourHouses]

Thanks so much 😃

[@mulliganstew72]

They’re probably kicking themselves for refusing your offer. The first offer is usually the best offer and they should’ve worked with you. Re-open the can of worms!

[@balls8882]

I wish there were two like buttons. After how politely he asked I would smash both of them.

[@YourFirstFourHouses]

Thank you so much! 😃

[@SISTIC1]

How to make an offer on a house: 1) find house you like 2) book viewing via agent 3) view property 4) if you like it call agent and submit offer! How amazing was that!

[@YourFirstFourHouses]

Perfect 😃

[@YourFirstFourHouses]

Is there any reason why you can't put the offer in writing?

[@-Dylann]

I would say this video needs an update.

[@YourFirstFourHouses]

Thank you Dylan

[@kidsEntertainment-rk9ov]

Are you using Instagram

[@YourFirstFourHouses]

Sorry, No.