We have made an offer on a home in Denmark that is listed for 2,595,000dk (about $520 000 CAD... cheap in Denmark). In Denmark, the sellers agents show potential buyers the home and buyers do not have a representing agent of their own.This home has been on the market for close to 4 months. We've heard the average selling time is 7 to 8 months. It is considered a buyers market now (although I haven't seen the prices budge much since last year!) The home is in excellent condition however is somewhat outdated and could use some remodelling (it is liveable as is). I'm at a complete loss as we have always had agents with the capabilities to see what prices similar houses in the area have sold for negotiating for us. We offered 2,400,000dk which is 7.5% lower than asking, hoping to negotiate to about 4% below asking (what the selling agent told us was reasonable and usual). After we made the offer, we were told the seller won't budge more than 0.8% from the asking price. Were we reasonable?
2007-09-27 11:11:28 · 4 answers · asked by menina0908 4 in Business & Finance ➔ Renting & Real Estate
Apparently the owner is very proud as he built the house himself and feels it is already priced below what he can get for it. It is very nice but again, out dated and has only 2 bedrooms although advertised with 3. Our last offer was $2,500,000 but this was refused... Do you think we insulted the seller with our initial offer and is this reflected in his refusal to budge?
2007-09-27 11:15:14 · update #1
Reasonable to one is unreasonable to another. Some selelrs are motivated to sell and some are not. This seller does not seem truly interested in selling or is a hard bargainer.
I would counteroffer with a price 0.5% above your original offer price and see what the owner does. If they make a small move or none - with a buyer's market I'd say "sorry it didn't work out, but if the seller reconsiders then recontact me." Then go away and maybe check back in 30 days. A lot of times what happens is a day or two later the seller will recontact and want to cut a deal.
2007-09-27 11:24:55 · answer #1 · answered by rlloydevans 4 · 4⤊ 0⤋
It is his house and he is free to sell it for what he wants .
The reasonable issue is irrelevant drama .
A house sale is business and if the buyer wants to meet the sellers price ,
There is a deal ,
If you don't , then No deal .
Does Not matter what you think it needs or if you think it has been on the market a long time .
He owns it and getting pushy about your price makes you appear very uncouth .
Make your best offer and accept the sellers decision either way .
People get attitude with me and I raise the price .
Just because I want to sell, does NOT mean I have to .
>
2007-09-27 18:23:23 · answer #2 · answered by kate 7 · 0⤊ 2⤋
I'm not from Denmark, but the usual rule of thumb is to mark you're house up 5-10% so when people offer less you can get negociate and they can feel good about getting their new house for less. Does that make sense?
2007-09-27 18:18:02 · answer #3 · answered by Steve is cool 5 · 0⤊ 1⤋
I beleive you should find an agent to represent you
2007-09-27 18:17:49 · answer #4 · answered by mscarriem 3 · 0⤊ 0⤋