1️⃣ The property is overpriced compared to the market price :
A property that is overpriced compared to the market price may not sell. It is even a sign that you can negotiate with the seller. To find out if the property is overpriced, you need to investigate, make several real estate estimates on different sites in order not to focus on one property price. You can also print ads of similar properties to submit to the seller during your negotiation.🎯
2️⃣ The property has been for sale for more than 6 months:
This is a great opportunity for real estate negotiation. If the ad has been up for sale for more than six months, you can still offer a price that is about 10% lower than the asking price, but not more at first.
If you see several real estate ads for the same property and you have been seeing them for several months, it is therefore possible to negotiate the price!🍀
3️⃣ The property has defects :
If the advertisement gives you indications of potential imperfections in the property, you can already consider negotiating with the seller. Here are some examples of defects (luminosity, floors without elevators…). 🗣
4️⃣ The property needs to be renovated :
The condition of the property is another criteria to know the value of the property. If you like the property you are looking for but it needs renovation, set yourself a target figure, take into account the expenses related to your budget and your real estate financing plan. Do not hesitate to make several visits with architects or craftsmen to estimate the cost of the work. 🚧
5️⃣ Condominium fees are too high :
In the case of a property purchase in a co-ownership, the buyer must pay attention to the amount of the charges. A property whose charges are too high can be negotiated. 🧐
For all this, GT property’s team can help you 🤩
