Negotiating the price of a property

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Deal Cadet
rajatindia

How can someone effectively negotiate to persuade the owner to sell the property at a reduced price?


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Benevolent Benevolent
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No seller budges an inch in real estate unless they are desperate. Just don't show your eagerness in buying, they may .

Tech Guru Tech Guru
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Depends on case to case basis

Bargaining points

1. Get dummy offers to show asking price is very high

2. Understand requirement of owner and try to acommodate in terms of black/white and timings

3. Show negatives of property and try to pull the price down

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Benevolent Benevolent
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No seller budges an inch in real estate unless they are desperate. Just don't show your eagerness in buying, they may .

Tech Guru Tech Guru
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Depends on case to case basis

Bargaining points

1. Get dummy offers to show asking price is very high

2. Understand requirement of owner and try to acommodate in terms of black/white and timings

3. Show negatives of property and try to pull the price down

Deal Major Deal Major
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Will seller budge on these points

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Deal Cadet Deal Cadet
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How to calculate the genuine price of a property?

Deal Cadet Deal Cadet
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check the govt  benchmark rate for land below which u cannot sell the land & use it as foundation to calculate market rate by adding extra %

visit gov office or get acess to recent sale deeds to guess the market rate but remember paper mentioned rate is lower as 99.9999% chance buyer took cash to defraud govt of taxes

add buildin cost & what u spend & may match it with current apartment rate per sq ft

now if the land is big enough to construct apartment then owner: developer decide on whatever ratio to split & the land rate increases xTimes the floors based on FAR

if flat then its simple = current carpet area per sq ft rate in the locality except ifflat s very old

finally land sale is unique due to scarcity & defies logic as rich guy may offer to buy a land way over the market rate just to park his porsche

Generous Generous
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All depends on his experience, demand and eagerness to sell. 

If he is getting too many offers then won't bulge. If he doesn't need that money immediately then also won't.

Deal Newbie Deal Newbie
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I can help you negotiate (will talk on ur behalf)  but will take a fixed service charge + a share of the discount received (only if successful negotiation) 

Critic Critic
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Just do it like OLX.

Buyer: last price

Seller: 1 Cr

Buyer: 10L last and final.

Seller: okay

Generous Generous
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Ye konse golaa kaa olx hai Prabhu?

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Analyst Analyst
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laxjr

2guns

307190-yes22

Generous Generous
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It depends on the eagerness of the seller to get rid of that property. If he is not desperate at all, then you can't negotiate much.

If the seller is offering you the property at decent a market rate, then you can do a little negotiation but don't expect much as the property market is high nowadays.

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