Strategies for Overpriced Offers

Well, some of the suggestions are uncomfortable.

I am rather referring to fixating on wishes. Buyers need to become flexible, in my opinion. And be able to weigh the wishes. Often the desire for a guest room or double garage could be dropped if the location of the found property includes proximity to work or a hotel. Many really cannot filter then ;)

I had no idea what you could ask for such a house."?

Who still says that? If you had said that 20 years ago, I would have sided with you. But nowadays everyone is busy googling and drooling. And those who don't usually have relatives who do it for them.

Yes, of course the house in that condition is not worth 500,000. But if I had written 350,000 in the listing, I would have had hundreds of inquiries on the first day."

Completely unprofessional. Or/and not a good seller. A good one shows me the advantages of the property and puts them in a good comparison. My father was a real estate agent before the internet age, one of my acquaintances is one, and I have worked for some. -> only one sold property pays the bills. It was simply not the case that a real estate agent sells one property per head per month. Nowadays, meaning the last 2 years, I don’t know how it is. And our realtor here in the forum is no longer active here.

And our broker here in the forum is no longer active here.

Who was that, have I forgotten something/someone?

Who was that, did I repress something/someone?

The beautiful island Norderney was it, at least formerly or occasionally. There was someone else here... but only sporadically active.

Completely unprofessional. Or/and not a good salesman.

Many agents do (especially from the buyer’s perspective) not do a good job. BUT we all have to acknowledge one thing: Whether the agent is good or bad – we have to be able to deal with both. We both have to "make it work." No matter how bad, lazy, greedy, etc. the agent is: In the end, I want to get the house – and at the lowest possible price. The market here is not as crowded as in Munich or Frankfurt. Nevertheless, generally only few properties come onto the market (which the real estate portals confirm) and overall less is sold ("off market" transactions included), as can be seen from the land market reports of the appraisal committees. But if you reject an offer from the start just because there is a stupid agent, owner, or price involved, then you further narrow your choices. What I want to learn with this thread is therefore how to best deal with all the difficulties you encounter in the course of overpriced listings. The forum’s experiences are very valuable, because as an individual, you don’t buy a property (and certainly not a single-family house) very often. Although I have had experiences with about 20 agents, never until the end.

Strategy would be. First. Viewing. If the property is okay, then I make a realistic offer. Realistic. Not cheeky dumping. What will happen? Hands up, no, no, no way…. Defense. I then said, fine, continue to try to enforce your price. My offer stands, I am not unreachable, I am available. Of course, I will continue to search. But I emphasize, I would buy for amount xy. Thank you very much, and possibly we will still come together…..

The strategy would be: First, a viewing. If the property is okay, then I make a realistic offer. Realistic. Not cheeky dumping.

Would it be effective to support one’s own price demand by:

[*]Appraisal report?
[*]Purchase price collection from the appraisal committee?
[*]Comparable listings from past weeks/months?
[*]Valuation by the bank?

Are brokers impressed by this? Or is it an encroachment on their territory, which immediately reduces their willingness to negotiate to zero?