No, every era has or had its challenges. Knowing all the factors that make a sale easier and more secure is still helpful today.

Buying real estate: successfully negotiating the price
The key to price negotiation is expertise and preparation. You should be familiar with the local real estate market and the development of real estate prices in that market. Some experts will tell you that you should know comparable properties. However, sellers may respond, not entirely without justification, that every property is unique. You can use this argument in turn when sellers try to justify their asking price.
How much is the property really worth?
The basis of any price negotiation should be a professionally determined property value. A local quality real estate agent can advise you on this and determine the value on request. Sellers rarely go to market with this value. Instead, they pursue a pricing strategy. For example, they set the price higher to have room for negotiation. Or lower to increase demand so that interested parties will outbid each other.
5 to 10 percent
A common approach is to make an offer that is 5 to 10 percent below the seller's asking price. A professional tip is to base your offer on how long the property has been on the market. If it has been advertised for several months without finding a buyer, you can make an offer that is 10 percent below the seller's asking price. If the seller needs to sell quickly, you can make an even lower offer. Seek advice from an experienced real estate professional.
Communicate your financing limits
Real estate experts advise disclosing your own financing limits to the seller due to the current circumstances. Professional brokers know how to explain financing options to the seller.
Tact and sensitivity
It is also important not to be too aggressive in negotiations. All your reasons for a price reduction should be well-founded and justifiable. For example, are there any structural defects, is renovation work required, or are the location and amenities not ideal? An independent real estate professional can provide a neutral assessment of the condition and value of the property.
Arguments from the other side
You should also be aware of the seller's counterarguments and be able to respond to them. Don't let statements such as "There are several interested parties" unsettle you. Be confident and ask diplomatically how many offers there are, whether the seller is considering them, and what offer would get you the property.
Are you looking for support with buying a property? Contact us! We will be happy to advise you.
Notes
For reasons of better readability, the generic masculine form is used in this text. Female and other gender identities are expressly included insofar as this is necessary for the statement.
Legal notice: This article does not constitute tax or legal advice in individual cases. Please have the facts of your specific case clarified by a lawyer and/or tax advisor.
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