Specki
2021-04-29 21:33:34
- #1
the question is more about how to conduct a price negotiation when buying a house? Does no one negotiate the house price here and always pay what is asked? It would be interesting to simply gather the experience of people who have already bought a house and negotiated.
My experiences of the last 5 years:
Yes, I actually negotiated my own home down by 10k five years ago. But only because it was distant relatives of my wife, so an emotional component played a role.
I bought two apartments last year.
I got one at the actual price but also took two garage spaces that the seller wanted to get rid of. It was binding; I sent the financing approval directly with the inquiry and asked in writing 3 hours after the ad went online and immediately followed up by phone. It was tight, but in the end I probably convinced them.
I got the other apartment because I offered 3k more than the seller wanted and promised the broker that he could rent the apartment out to me if I got it. So he also had something to gain if I got the contract and apparently steered it in my direction.
Actually, I am currently buying an apartment where I was able to negotiate 10k down. I was again very fast, very binding, and was able to point out some defects that the seller/broker were also aware of. For me, they are no problem; I can fix them quickly. Nonetheless, I was also fast here and was probably lucky.
I wanted to buy about 20 houses and apartments last year and this year. I was always very fast, binding, sent financing commitments, etc. I always offered the purchase price or a few thousand more. I was outbid every time. Sometimes narrowly, sometimes quite clearly. Then Munich buyers came, who without batting an eye offered 150k instead of the 120k called for a small apartment 70 km from Munich...
Well, that's what the real estate market looks like right now.
You can still negotiate. Sometimes even downwards, but only if there are reasons for it. If location and property are top, it is generally negotiated upwards.