Making an offer & negotiating buying price

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This topic contains 2 replies, has 2 voices, and was last updated by Profile photo of Inga Inga 5 months, 1 week ago.

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  • #191346
    Profile photo of Inga
    Inga
    Participant

    Hello,

    I’d appreciate some opinion regarding haggling over the asking/buying price. I’m considering buying a house in Maresme, Barcelona and am wondering what reasonable haggling over the price would mean in the current market situation assuming that house has been on the market for at least 6 months?

  • #191391
    Profile photo of Mark Stücklin
    Mark Stücklin
    Keymaster

    Hi Inga,

    In the Maresme you should still have negotiating power, especially if the property has been on the market for 6 months already, means it’s not a bargain in hot demand. Maybe offer 15% less and aim for 10%. What does the agent recommend? It’s not yet a vendor’s market so an offer of 85% should be taken seriously. And if it hasn’t sold in 6 months it sounds like it’s not priced to sell. How does the asking price compared to similar properties in the area?

  • #191426
    Profile photo of Inga
    Inga
    Participant

    Hi Mark,

    Thanks for the response. We’ll start property viewing just in July (probably not the best timing), and I’m thinking about going 10-15% below the asking price. Though when I discussed this issue with agents last year, I was told that -15% is too low. But I guess a lot depends on property and how much owner is willing to sell it.

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