When buying a serviced apartment in Johor Bahru, negotiating the price is an important part of the process. As with any major investment, it’s important to get the best possible deal to ensure that you’re getting value for your money. In this article, you will learn some tips for negotiating the price of a serviced apartment and how you can get a better deal.
Do Your Research On The Condo For Sale
Before entering into negotiations, it’s important to research the market and understand the current prices of condos for sale in the area. This will give you a better idea of what a fair price for the condo you’re interested in should be and you can also compare the prices.
Know Your Budget For New Project
Understanding your budget is crucial when negotiating the price of a condo for sale. Be clear about what you can afford and don’t be afraid to walk away if the price is not within your budget. If you want to invest in a new project, then find a property that is within your budget without breaking the bank. Check out M Minori by Mah Sing, an affordable property in JB that you shouldn’t miss.
Understand the Seller’s Motivation
Understanding the seller’s motivation for selling the property can help you in negotiations. If the seller is motivated to sell quickly, they may be more willing to negotiate on price. Owners of the apartments in Johor Bahru have a tendency to offer lower prices if you understand why they are selling the property.
Highlight Any Issues with the New House For Sale
If you’ve noticed any issues with the new house for sale, such as outdated appliances or minor damage, be sure to highlight these during negotiations. This can give you some leverage in terms of negotiating a lower price and the owners might give in to negotiations.
Consider Timing
The timing of your offer can be a factor in negotiations. For example, if you make an offer during a slow period in the market, the seller may be more willing to negotiate on price. You may want to avoid new projects as it can get very hyped up and priced higher. Consider looking for new launched places that have not started and in its pre-selling state, you might get lower than normal prices.
Be Willing to Walk Away
Sometimes, the best negotiation tactic is to be willing to walk away from the deal. If the seller is unwilling to come down on price, it may be best to move on and find another condo that better fits your budget.
Work with A Real Estate Agent
Finally, working with a reputable real estate agent can help you navigate the negotiation process. An experienced agent will have a good understanding of the local market and can provide you with valuable insights and advice.
In conclusion, negotiating the price of a condo for sale requires preparation, research, and a willingness to walk away if necessary. By understanding the market, knowing your budget, and working with a real estate agent, you can improve your chances of securing a fair price on the condo of your dreams.
