Deadline sales – A deadline sale is when a property is marketed for a set period of time with an advertised end date. A buyer can make a conditional or unconditional offer on or before the deadline date if the campaign allows prior offers.

Priced Property – Clear indication on what the vendor wants – Negotiation over, prices over, enquires over. – With a fixed price campaign, the price is stated on advertising and there is no deadline by which the property has to be sold. Buyers feel encouraged to make offers as they know the price at which you are willing to sell.

Price by negotiation – With this type of sale, the property is marketed with no price which encourages buyers to offer what they believe your home is worth. You have the ability to negotiate with buyers and accept conditional offers, and no deadline is set.

Auction – Unconditional sale – The property is sold to the buyer with the highest bid after the seller’s reserve price is reached. A buyer is not able to attach conditions to an auction purchase. Once the bid is accepted and the auctioneer’s hammer has fallen, the sale will be unconditional and you as the buyer will be obliged to complete the transaction. Auctioneers sometimes use vendor bidding to start the auction or to move bidding toward the reserve price. A vendor bid can be made by the auctioneer or a person working on behalf of the seller, such as the real estate agent working for the vendor. This is only allowed if the property has a reserve price, the reserve price hasn’t been reached, and the bid is clearly identified by the auctioneer as a vendor bid.

You can enter into a relationship property agreement, to protect your assets; these ring fence what you bring into a relationship, but you need to enter into these before you have been in a committed relationship for more than three years.

If you are buying with someone who is not your life partner, then you can use a property sharing agreement.

In both cases you can own as tenants in common which means you own individual shares in the property.

Overall, You can request that it is fixed, or renegotiate the price but remember the seller doesn’t have to agree. Note that your bank/lender may also want any change in price to be a contribution to the cost of works rather than a price reduction.