10 Tips on How to Negotiate the Purchase Price of a Property
You want to negotiate the purchase price for a house or apartment? We give you 10 tips on how to do it and what you need to consider before.
Nick Mulder
Published on Sep 23, 2020 . Updated 7 months ago
What price is fair when buying real estate? This question is not easy to answer. As a buyer, it definitely gives you a good feeling if you can negotiate the price in your own favor.
Table of Contents
- Tip #1: Seller’s motivation
- Tip #2: How long has the property been listed
- Tip #3: Know your local market like a pro
- Tip #4: Use property valuation tools
- Tip #5: Let your max price budget be your guide
- Tip #6: Be prepared & move quickly
- Tip #7: Negotiate the agent’s commission
- Tip #8: Sit out your price offer
- Tip #9: Don’t fall in love with the property (too much)
- Tip #10: Negotiate the price on rented properties
