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  1. #1
    Join Date
    Oct 2016
    Posts
    169

    Default Negotiation technique - help

    Say if the asking price of a house is 1.48m, and owner's stated bottom dollar is 1.4.

    If my top dollar is 1.2-1.275m ...

    Assuming no other interest in 1 year when houses around have been selling left right and center, assuming there is nothing wrong with the house ...

    I have offered 1m, then 1.15m, then 1.175m.

    What's the next best step? I could think of sit and wait, immediately go to 1.2, go to 1.8, etc.

    It's not an IP by the way.
    Last edited by jack2016; 14-08-2019 at 09:46 AM.

  2. #2
    Join Date
    May 2004
    Location
    Christchurch
    Posts
    560

    Default

    (1.75??)

    Have they counter offered at all or have you just been making offers?

  3. #3
    Join Date
    Oct 2016
    Posts
    169

    Default

    Quote Originally Posted by hawkeye View Post
    (1.75??)

    Have they counter offered at all or have you just been making offers?
    Hi lol that was 1.175

    They have not countered, only repeatedly verbally stating 1.4 each time.

    It's a 2010+ stotherm plaster over sto-something 50mm concrete board (not sure if it's the same as cement board) on a water front (not salt water). 6 other houses in a similar positioning have sold between 886k-2.2m in the last 12 months, time to sale usually 1 week to 3 months, depending on exact locality and build.

    It'll be funny if someone owns up and says hey I'm the vendor you [email protected][email protected] lol
    Last edited by jack2016; 14-08-2019 at 10:03 AM.

  4. #4
    Join Date
    Jan 2012
    Posts
    1,022

    Default

    Go in at your top dollar. If the vendor doesn't accept, move on.

    Unless the vendor is the Briscoes lady. Then go back next week as there'll be 30% off. :-p

  5. #5

    Default

    Ypu need to understand that cladding better It sounds like Hebel AAC panels? (or similar)
    https://www.hebel.co.nz/uploads/down...PowerPanel.pdf

    Depending on system perhaps this doesnt have a cavity and sometimes there are problems in jointing of the panels. Perhaps a good builders report will undermine the vendor confidence? Does it come with decent warranty?

  6. #6
    Join Date
    Oct 2016
    Posts
    169

    Default

    It has a cavity, it is a stotherm system and I have researched it because it seems to be on every other house (2005+) that I am looking at.
    Whether it's any good I still haven't got an answer but apparently it is not a bad product.
    In terms of understanding the stotherm system, maybe I should call a rep, apparently they are a majorly big player in the NZ market.
    ?!
    Last edited by jack2016; 14-08-2019 at 11:23 AM.

  7. #7
    Join Date
    Oct 2016
    Posts
    169

    Default

    Quote Originally Posted by John the builder View Post
    Ypu need to understand that cladding better It sounds like Hebel AAC panels? (or similar)
    https://www.hebel.co.nz/uploads/down...PowerPanel.pdf

    Depending on system perhaps this doesnt have a cavity and sometimes there are problems in jointing of the panels. Perhaps a good builders report will undermine the vendor confidence? Does it come with decent warranty?
    Hi thanks, maybe the builder report is the key here.
    Warranty on these things are 15 years "provided maintenance done as per manufacturer recommendation".

  8. #8
    Join Date
    Mar 2010
    Location
    Lower Hutt
    Posts
    386

    Default

    Depends how much you want the house, the agent will always try get the most out of you as they work for the vendor which is fair enough as they are offering a service to their client.

    You could try calling their bluff if they try get more and see what happens but then you risk loosing the property so comes down to how in love you are with it
    Fraser Wilkinson
    www.managemyrental.co.nz
    Wellington / Lower Hutt / Upper Hutt / Porirua


 

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