Price negotiation in land purchase

Hello dear forum,

unfortunately, I haven't found a suitable topic for my concern, so I would like to express my question with a new thread.

We are about to buy a plot of land. Next week we will meet with the real estate agent and the owner to negotiate a final price.

We are now faced with the question of what would be more advantageous for us as buyers. Should we rather negotiate a lower purchase price, or does it make more sense for the seller to cover all incidental purchase costs?

With regard to the financing of the plot and subsequent construction, one would then have no incidental purchase costs (which the bank usually wants as equity) and could immediately start repaying the loan.

Has anyone of you ever had such an experience or taken this step?

Best regards and thanks in advance

Rob

How do you come to the conclusion that a) no additional purchase costs will be incurred when you want to build and b) the seller should bear the additional purchase costs. You are in any case the addressee of the notary and the tax office.

Regards, Yvonne

Hello Yvonne,

maybe I phrased it incorrectly. I am aware that additional purchase costs are incurred. My point was only that these, of course by negotiation/consent, can be imposed on the seller - and you do not get a price reduction on the purchase amount for that.

In short, instead of negotiating, for example, a 10% discount, one can agree with the seller that they cover all additional purchase costs and we pay the demanded purchase price (which is of course already above the average selling price).

When taking out a loan, the bank usually wants the additional purchase costs to at least cover the equity. In the above example, however, these would already be paid by the seller and the buyer would not have to pay them.

Do you know what I mean?
Maybe I am completely off, or this variant would only be to my disadvantage - that’s why I prefer to ask the forum in advance if anyone has ever agreed on something like this themselves.

Best regards

1. Why should the seller agree to something like this? Both the discount and the additional costs. 2. Does the total price become more expensive because the additional costs depend on the purchase price. 3. You should reflect once and carefully check whether you can even afford the project. If you already want to resort to such adventurous constructions with the additional costs.

No one is talking about a discount + covering the ancillary purchase costs... The most common variant is that the buyer bears the ancillary purchase costs, that is clear to me. But instead of saying, "Hey dear seller, instead of granting us a €20,000 discount on the sales price, we would prefer you to cover the €20,000 ancillary purchase costs and we pay the sales price you demand..." that is not unreasonable, is it?

But it is. You will receive the bill from the notary and the tax office. My question was, however, why he should give a discount in any form at all. If he were to do so, the discount on the purchase price would be more favorable, as you would additionally save ancillary costs on the discounted amount.