Guidance for offer negotiation

Last Updated: 25th Mar, 2024

Author: Charlotte Burton

Guidance for offer negotiation

The estate agent will normally tell you if anyone has put in a higher offer than yours, and give you a chance to increase your offer. Plan your actions in advance to ensure you make good decisions.

Top tips

  • Set your maximum price in advance, and stick to it to avoid overspending.
  • Only offer over the asking price if it is within your maximum budget, and you know the seller has already been offered that or if it is your dream house & there are lots of other buyers.
  • Consider incremental bids.
  • Communicate clearly, & be prepared to act quickly.
  • Stay calm. Emotional decisions can lead to overbidding. Remember, other properties will come along if this one doesn't work out.
  • Leverage your position. If you're a chain-free buyer, cash buyer, or have a mortgage in principle, highlight this to the seller.
Fairy Godmover Waving

Let's plan your next steps!

Hello, I'm your Fairy Godmover 👋 I'm here to guide you through your home buying process. Let me make you a checklist of everything you'll need to do, and guide you step by step.