House purchase - price negotiable... please opinions

Hello,

we are currently in the process of buying a single-family house...

Purchase price (set by the seller together with Sparkassen Immo): 329,000 euros.

Fortunately, we found out about the house through other means and are already saving the 3,xx % commission.

We were the first interested parties and said we would buy it if the price could possibly be adjusted. He agreed... now the negotiation begins.
He now (he says) has other interested parties but is still willing to negotiate.

How should we proceed most wisely now?
I would personally like to suggest 300,000, even if that is probably unrealistic.
But maybe we can meet in the middle.
Or do you think that would be too cheeky?

No independent appraisal is available; only the Sparkasse has examined more closely and then set this price.

I ask for your opinions...

Without having the whole thing inspected, you want to spend €300,000 or more? You would probably drag a used car costing 5% of the price to the TÜV.. But that wasn't even the question. Offer whatever you want. Preferably very low. The seller will give you a suitable response. Negotiations are meant for coming closer together..

That depends on the local market. We paid the required price, elsewhere others achieve -30%, yet elsewhere it is sold at the offer price +20%. No one can tell you that...

It depends very much on the surroundings. If it is a good location and the house is rather secondary, then more so than the other way around. We have also tried buying used properties at times – one house was initially offered for €229K and then sold for €170K, another was offered for €215K and sold for €200K. Watch the market, see how long houses stay listed. Clearly, there are always some top deals... you can't really say what you have there. There are definitely problematic years...

If you offer 300000, then you will meet at 315000... :) anything below that would be cheeky and presumably an insult to the owner

Quick reply on the go :)

If you offer -10%, that's completely fine and probably already factored in. A normal starting position for sales through agents. What’s important is that you know what the house is worth to YOU and whether there is any need for renovation (appraisers don’t cost that much).

On the other hand, the willingness to negotiate naturally depends on the other buyer interest.

We had a case where our offer was too low for the seller, we waited half a year, and the seller approached us on his own.

Daves