Proeter
2021-12-10 15:41:03
- #1
Hello friends,
I have been looking for some time for an existing property (single-family house). I would describe the market as "moderately hot" in a nationwide comparison in Germany: standard land values between 200 and 600 €/m². Some municipalities even provide property reference values that for an average single-family house usually range between 2500 and 3500 €/m².
Extended Rhine corridor, direction Ruhr area.
While for other regions here in the forum the slogan "every price is paid" is sometimes called out, this does not necessarily apply here. There are actually always properties that have been listed for months. Sometimes with interruptions, sometimes continuously. Often the price is then reduced by a few percent every few weeks. These are always properties that are from the start significantly above the aforementioned property reference values (sometimes more than double).
Does anyone of you have experience on how to best proceed when you find an overpriced, long-listed property?
Is the real estate agent in such a case more inclined towards the buyer and helps to negotiate the price down?
Or is he under pressure because he has tempted the owner with a far too high sales price, which in the end is not market-appropriate?
If the property can be located based on the listing (without concluding a brokerage contract): is it better to contact the owner directly? Or would there be no chance with him anyway because he still has the high floating price estimate of his agent in mind?
Do you have any further tips on how best to approach this?
Thanks to you
Pröter
I have been looking for some time for an existing property (single-family house). I would describe the market as "moderately hot" in a nationwide comparison in Germany: standard land values between 200 and 600 €/m². Some municipalities even provide property reference values that for an average single-family house usually range between 2500 and 3500 €/m².
Extended Rhine corridor, direction Ruhr area.
While for other regions here in the forum the slogan "every price is paid" is sometimes called out, this does not necessarily apply here. There are actually always properties that have been listed for months. Sometimes with interruptions, sometimes continuously. Often the price is then reduced by a few percent every few weeks. These are always properties that are from the start significantly above the aforementioned property reference values (sometimes more than double).
Does anyone of you have experience on how to best proceed when you find an overpriced, long-listed property?
Is the real estate agent in such a case more inclined towards the buyer and helps to negotiate the price down?
Or is he under pressure because he has tempted the owner with a far too high sales price, which in the end is not market-appropriate?
If the property can be located based on the listing (without concluding a brokerage contract): is it better to contact the owner directly? Or would there be no chance with him anyway because he still has the high floating price estimate of his agent in mind?
Do you have any further tips on how best to approach this?
Thanks to you
Pröter