Saracens Blog

Negotiating with your seller

Mortgage Solicitor in London

If you have made an offer on a house and it has been accepted, you may think that the negotiating process ends there. However, there are many reasons why you may be able to get a better deal on your house purchase further down the line. At Saracens Solicitors, we can help you with negotiations when we are acting as your mortgage solicitor in London.

One of the advantages of having a mortgage solicitor in London, like Saracens Solicitors, negotiating for you is that we can take the emotional stress out of the process. It is easy to start visualising yourself in your new home or having a lot invested in the idea of a sale. This can make for difficult negotiations and could potentially cost you money.

Results of a survey

Getting a thorough survey will lead to a report about the condition of the house. There are often various observations and snagging associated with both old and new houses. Occasionally, a survey will turn up something that needs to be repaired for the property to be considered habitable and a good investment for the buyer.

In this situation, a mortgage solicitor in London might recommend one of two options. Either the progress of the sale becomes reliant on the seller making good on any repairs or the seller agrees to a lower sale price based on the likely cost of restoration. The latter option is usually quicker and can be better value for the buyer if the negotiations go well.

Time pressures

If someone’s property is going from rental to sale, it may be standing empty. The owner will have given notice to the tenant and they may have found another property. Every month the property is empty will be costing the homeowner money and they may be willing to take a cut on the original offer price to speed up the sale. Doing some research or getting tips about the sellers position can help you to negotiate. All sorts of situation are possible.

These are just two examples of opportunities for negotiation during a house sale. At Saracens Solicitors, we look forward to helping you find the right balance of expediency and value.

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