Negotiations when s price range is listed

Discussion in 'Investor Psychology & Mindset' started by Serveman, 25th Dec, 2018.

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  1. Serveman

    Serveman Well-Known Member

    Joined:
    17th Apr, 2017
    Posts:
    1,420
    Location:
    North West Sydney
    There is this house in the upper blue mountains and they want to ask $500 - $550. If this market is declining how would you go
    About negotiating a price that can take into considerations of further decline ? I was thinking of offering $460.
    How does one normally negotiate with price ranges. Do you ask the agent how much the vendor wants and then you put in a counter offer or do you just come in with a low offer with some definite settlement terms and try to get them to come to the party. What's the best strategy to make offers in a declining market?
     
    Serveman, 25th Dec, 2018
    #1
  2. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,500
    Location:
    Melbourne
    Try it - go in with a confident (but not cocky) "nothing to lose" attitude.
    Also give some reasons ("Look I like it, but this needs repair, and that stuff over there is going to cost $20k, and look at that crack there, and I hate the carpet.... etc)


    The Y-man
     
    The Y-man, 25th Dec, 2018
    #2
    Shazi and Serveman like this.
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