[pawnacide]

Originally Posted by ntlbell

why bother getting involved in negotiations at all then?

Put your max offer in and you get what you want or you move on.

The point is to firstly never allow the EA to see if you're emotionally attached to the house.

Secondly don't let the emotional "one" of the couple do the bidding, there's always one.

Thirdly regardless of how emotionally attached to it you become no house is worth ruining the rest of your life for.

There's always another house you'll discover and by the time your a of an age or maturity of buying a house this emotional nonsense shouldn't be so extreme anyway

what emotional nonsense are u talking about, if u like a house, you like a house .. hardly an over emotional response. If you were to apply that kinda logic to everything you did I think life would be pretty hum drum. 5k is 5k .. 10 weeks wages at average industrial wage .. hardly life changing.

[ntlbell]

Originally Posted by pawnacide

what emotional nonsense are u talking about, if u like a house, you like a house .. hardly an over emotional response. If you were to apply that kinda logic to everything you did I think life would be pretty hum drum. 5k is 5k .. 10 weeks wages at average industrial wage .. hardly life changing.

taking that 5k is taking this case in isolation.

I'm talking about the "OMG MY DREAM HOME I CAN'T GO ON WITHOUT IT"

nonsense where couples get into normally paying over the odds for something because of the emotional attachment to it.

5k might be just 5k to you but over 20+ years it turns out to be a lot more than 5k and as i said in this example it's just 5k but when your bidding at 5k a pop it becomes another 5k and another 5k and another 5k

You find a number of houses you like you put an affordable limit on your bidding and your done.

no "zomg but it has lillys in teh windaz"

[pawnacide]

Methinks we're talking at cross purposes, I agree with you in so far as it's ridiculous to dramatically overpay for a house because of an emotional attachment but I don't think thats the case here.

The buyer came up with a notional value as far as I can tell based on nothing. Decided the EA was playing games coz the asking price dropped by 10k during negotiaions and got a little pissed off. He and the sellers obviously had cut off points, seems to me the sellers cut off was dictated by the bank.

Just an opinion but if it was the house he really wanted I wouldn't have thought the 5k should've been a deal breaker. As i said previously if it was generic house in a development or something then yes the 5k should be deal breaker.

[the_syco]

Originally Posted by pawnacide

what emotional nonsense are u talking about, if u like a house, you like a house .. hardly an over emotional response. If you were to apply that kinda logic to everything you did I think life would be pretty hum drum. 5k is 5k .. 10 weeks wages at average industrial wage .. hardly life changing.

"We got another bidder who said that they'll pay 5k more than your max"
If you're not emotional about the house, you'll walk away, no matter how much you wanted that house. Wanting the house (as it has X bedrooms, and within a good area), and having a non-logical emotional attachment (the bedroom is the same colour as the one you grew up in) are two very different things.

If you are emotional about the house, the EA should be able to squeeze another €50k from you with the help of the non-existant phantom-bidders that keep raising the price.

[pawnacide]

Yep maybe but that didn't happen here, he was told he could have the house for 5k more (I think) .. most negotians go that way. Person makes an offer , owner drops a bit, buyer ups a bit till eventually they meet in the middle.

What ur describing almost never happens. Buyer keeps going up for no good reason. Any agent using phantom buyers these days is just kidding themselves, it don't work.