However, we've come to realise that the quality of the other houses is quiet poor. Housing estates that we thought were of better quality (than others), aren't that much better. Other houses look fine on the web or even during a drive-by; but when you're in the property this isn't the case.
Given that we based our walkaway figure partially on other houses in the area, (the asking prices or sale prices), we've decided that our walkaway figure was actually short of the mark.
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I've read it on this forum, and elsewhere, and heard it given as advice, that a prospective house buyer should set a "walkaway figure" on every property before the first offer is being submitted. This figure is the maximum that the buyer is willing to pay for that property. The purpose of it is to prevent the buyer continuously submitting further and further bids well beyond what was originally intended, i.e. setting a limit in advance.
However, I've discovered a flaw with this.
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Because I'm haggling to get the lowest price I can. I'd prefer to pay €238k than €255k or €300k....why don't you offer the €255k and then make a decision if you want to walk away.
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