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Harlow Vendors – Ready To Negotiate On Price?

November 16th 2021
By: Intercounty
Harlow Vendors – Ready To Negotiate On Price?

One of the most important, and most challenging, tasks associated with moves in the property market is settling on a price. As a vendor, setting an appropriate asking price is a challenge, and then you need to be ready to negotiate to find the sold price.

This is an area that a lot of people struggle with, but it is something that we are more than happy to help with. When we represent you, we have your best interests at heart.

Do you feel confident negotiating over property prices?

A recent poll looked into whether people are willing to negotiate on house prices:

  • 64% of UK homebuyers and renters say they feel confident negotiating over property prices

  • 60% of respondents are concerned about timing, and knowing when they should negotiate

  • 36% say they avoid negotiating due to anxiety issues

  • 61% of vendors and landlords believe negotiations to be an integral part of the process

  • 70% of prospective buyers are concerned about losing out on the property they wish to buy, or finding they have been outbid by another buyer

If you are looking for someone to represent your best interests, we are more than happy to assist you. At Intercounty, we know the Harlow housing market very well, and we look forward to assisting you with your next move.

The same study highlighted key points such as:

  • Property searches have risen by 55% compared to this time in 2020

  • Demand for property significantly outstrips supply in many areas of the county

  • Asking prices have reached a significant high, increasing by 5.1% compared to this time in 2020

Are you willing to negotiate on price?

3 tips to keep in mind if you are looking to negotiate

  • You should always use a trusted estate agent, with local knowledge and expertise

  • You need to research the area; it has been found that 11% of prospective buyers don’t research an area before making an offer

  • Make it clear you are a serious buyer

James Redington, is a known-name in the UK property market, and he said; “Whether you're a first-time buyer or an experienced property owner, buying a house is a big deal, especially if you're not sure of how or when to negotiate on the price. Of course, buyers are keen on potential savings, but demand is so high right now that sellers have the luxury of not having to lower costs. That doesn't mean your dream home is unattainable, though. Suppose you have your heart set on a house. In that case, experienced agents can help you increase the chances of your offer being taken seriously by sellers.”

You must be informed of the local market

Whether you are buying or selling, you must be informed about the local market you are interested in.

According to Rightmove, Harlow house prices, as of November 2021, are as follows;

Properties in Harlow had an overall average price of £339,940 over the last year.

The majority of sales in Harlow during the last year were terraced properties, selling for an average price of £293,598. Semi-detached properties sold for an average of £391,082, with detached properties fetching £504,900.

Overall, sold prices in Harlow over the last year were 7% up on the previous year and 7% up on the 2017 peak of £318,422.”

For property enquiries in Harlow, please feel free to call us on 01279 639666 or why not email us at harlow@intercounty.co.uk. With considerable experience in the local market, and free valuation services, we look forward to helping you move