We are taught from our early years, in our introduction to commerce that prices are prices.
Whether you walk into a clothing store, a supermarket, a gas station, or a coffee shop, the posted prices are typically non-negotiable. Generally speaking, attempting to haggle in cases such as these won’t get you too far.
This is because the seller has a business which is running perfectly fine on selling the products they’re selling at their quoted prices, so they need not entertain lowballers, when they can sell the product that you’re trying to get cheaper, at the full price.
But who is the seller of a house? An individual just like you, me, or any other human being out there.
No matter how corporate-looking of a sign goes up in front of the house, and how many barriers are put between you and the seller, who is a fellow human being, still ends up getting your offer in their hands, despite passing through many other peoples’ hands in the process. They have no corporate policies to stick to – how much they’ll accept is only a question of how happy it will make them.
When a seller signs a listing agreement – let’s say for example’s sake, for $500,000 – they’re not saying $500,000 because they want $500,000. They’re saying $500,000 because they want their house sold, and it’s their understanding that a buyer will see $500,000 as a reasonable price, which will cause them to make an offer, and then, cause the house to be sold. Until then,the house is nothing more than “For Sale”, whether it’s listed for $5, or $500,000.
Once the house sits on the market for a month or two, they won’t be so set on $500,000. Because their house is still only “For Sale”, and they want it SOLD!
Here are 4 tactics you can utilize to get yourself a better price…
1. How many days on the market?
In hot markets, a house will only need a matter of days, or in some cases, hours, to get sold. In these cases, you can forget about making a deal, since there’s so much competition. A lowball offer will simply be ignored.
However, if the house has been on the market for 45 days, and has seen no action, an offer for less than the asking price is better than no offer at all.
Look at it this way; if you were trying to sell your bicycle for $200, and put classified ads in the paper week after week, to get no response, which of the two scenarios would you prefer?
a) One offer of $100
b) No offers at all
So, that means that if a house is listed for $329,000, and your budget is $300,000, your offer for $300,000 suddenly won’t look so bad.
Remember, if the house hasn’t sold yet, that means there have been no good offers – or no offers at all! An offer that works for you, could very … Read More
Blenheim Palace is a monumental country house situated in Woodstock, Oxfordshire, England. It is the only non-royal non-episcopal country house in England to hold the title of palace. It was built between 1705 and circa 1722. Its construction was originally intended to be a gift to John Churchill, 1st Duke of Marlborough, from a grateful nation in return for military triumph against the French and Bavarians at the Battle of Blenheim. However, it soon became the subject of political infighting, which led to Marlborough’s exile, the fall from power of his duchess, and irreparable damage to the reputation of the architect Sir John Vanbrugh.
Designed in the rare, and short-lived, English Baroque style, architectural appreciation of the palace is as divided today as it was in the 1720s. It is unique in its combined usage as a family home, mausoleum and national monument. The palace is also notable as the birthplace and ancestral home of Sir Winston Churchill.
The building of the palace was a minefield of political intrigue by Sarah Churchill, Duchess of Marlborough. Following the palace’s completion, it became the home of the Churchill family for the next 300 years and various members of the family have in that period wrought various changes, in the interiors, park and gardens. At the end of the 19th century, the palace was saved from ruin by funds gained from the 9th Duke of Marlborough’s marriage to American railroad heiress Consuelo Vanderbilt. The exterior of the palace remains in good repair and the gardens, which contain a miniature railway, pleasure garden, maze, rose garden, cascades, historical monuments and fantastic views, are truly beautiful. It is a great place to visit for people of all ages.
Tagged: , Blenheim Palace , Oxfordshire … Read More