Price negotiation when buying property
Price negotiation is a central part of buying property. In many cases it is a complex process where experience and knowledge are of great importance.
Price negotiation when buying property
Price negotiation is a central part of buying property. In many cases it is a complex process where experience and knowledge are of great importance.
In addition to knowing what can be used as arguments from the condition report, you also need the expertise to negotiate the price down.
The cost of the price negotiation can typically be included in the loan together with the cost of the financial adviser and the establishment costs (land registration fee, various fees to the bank and mortgage institution, etc.), so you as a buyer do not have to pay out of pocket.
With price negotiation when buying property you get the following:
- Free consultation about your property purchase
- Free online property valuation
- Property valuation and negotiation strategy aligned with your expectations
- Management of bidding and negotiation with the seller’s estate agent
Buyer advisory from start to finish
Minkøbermægler.dk handles the price negotiation and bidding on your behalf, if you wish.
We advise you from start to finish in relation to getting the right price on your new home. In other words, you will be guided throughout the entire property purchase – and there will always be open dialogue and transparency.
Regardless of what your future home is worth, what price you are willing to pay for it, and how much the seller will move, you can always be sure that Minkøbermægler.dk represents your interests.
Client Testimonials
See what our clients say about their experience with Minkøbermægler.dk
I have made use of Anders' very professional and competent guidance and advisory in connection with a price negotiation on an apartment purchase in a housing market with falling prices. With Anders' knowledge and experience as a buyer's agent, and after a thorough alignment of expectations regarding the price with me, I felt completely confident that Anders took over the bidding and negotiations with the seller's estate agent. It was absolutely the right decision and worth every penny.
My partner and I signed a purchase agreement at the start of this summer. Unfortunately, we initially ended up with a less competent buyer advisor, who gave us a bad feeling and made us extremely uneasy about the process. One late evening, three days before the deadline, we called Anders from minkøbermægler.dk, who despite the late hour answered and advised us on our options.
We chose Anders from Minkøbermægler after a phone conversation, after having spoken with several other similar advisors, as he was the only one who, based on the information we provided over the phone, immediately identified several potential pitfalls that we should be aware of.
Free consultation about your property purchase
Minkøbermægler.dk also offers free consultation and expert input about your property purchase.
As the buyer’s agent and professional negotiator, honesty and openness are important elements when we help property buyers with buyer advisory and price negotiation.
Free online valuation
Included with the price negotiation is a free property valuation of the property you are considering making an offer on.
A property valuation is based on many different parameters:
- The property’s sales history
- The property’s price in relation to location and the current market
- Special circumstances you should be aware of
- The need for a building survey of the property
- Review of sales prospectus, condition report, BBR register information, etc.
A free online property valuation gives many buyers a solid foundation for making the right decision when buying property.
Negotiation strategy aligned with your expectations
With many years of experience in the market, Minkøbermægler.dk can provide a specific and impartial assessment of what the maximum price should be for the particular property you have your eye on.
Whether it concerns a house, owner-occupied apartment, cooperative apartment or holiday home, the valuation you receive will always reflect our assessment of the property in relation to the current market situation.
Once the negotiation strategy has been aligned with expectations, we proceed with a strategy for the actual negotiation. Minkøbermægler.dk has been in many different negotiation situations over the years and therefore knows the various pitfalls and opportunities that apply in price negotiations.
Regardless of how things look with your particular property purchase, the most important purpose of the negotiation strategy will always be to ensure that you as a property buyer do not pay too much for your future home.
The price negotiation is only a success for us if you feel secure throughout the entire process. As your personal buyer’s agent and adviser, our primary goal is that you end up with the home you dreamed of – and at the price that is right for you as a property buyer.
Handling price negotiation with the seller's estate agent
Many buyers find the process of negotiation and bidding both difficult and somewhat uncomfortable.
Both because you are on unfamiliar ground, large sums are involved and you often have a burning desire for the new dream home. But also because there is an imbalance between you as a private person with personal interests and the seller’s estate agent, who is not personally involved.
The seller’s estate agent, on the other hand, is a professional negotiator accustomed to securing the highest possible price for the seller and to negotiating with people who are facing their potential dream home.
Therefore, it can be an advantage to use a buyer’s agent, as the buyer’s agent is on equal footing with the estate agent as a professional negotiator and is not emotionally involved, but can objectively negotiate the best possible price.
It often shows through if you as a buyer are facing a dream home or lack negotiation experience with concrete and effective arguments; and estate agents can often benefit from this. That is why we believe we can negotiate a better price for you. This is where Minkøbermægler.dk can help you with price negotiation.
Example of price negotiation
Price negotiation – only 10% of the reduction
Asking price: DKK 7,500,000
Price negotiated by Minkøbermægler.dk: DKK 7,000,000
Reduction: DKK 500,000
10% of the reduction: DKK 50,000 (fee to Minkøbermægler.dk)
Your saving: DKK 450,000
What does price negotiation cost when buying property?
Minkøbermægler.dk charges 10% of the reduction incl. VAT. Our mission is that it should always be cheaper for you to use us for price negotiation than not to.
We justify this with:
- That you and the seller’s estate agent are not on equal footing
- That we are professionals and on equal footing with the seller’s estate agent
- That we have no personal interests showing through
- Our knowledge of the market
- Our many years of negotiation experience
This way, you as a buyer are assured that the cost of the negotiation is covered by the reduction. At the same time, you keep the remaining 90% of the reduction, which you have thus saved.
Contact us for a no-obligation chat
Contact us today by phone, email or via the form below for a no-obligation chat about how we can help you with buyer advisory.
We look forward to hearing from you.