squarefoot 5平方 Logo

Price Negotiation for Buying a Property in Hong Kong

  2014-12-07  1.8K
Buyer / tenant before the bid, should check out the real value of the property, try to avoid overpaying in the bargaining process.
Compared with the same area of the secondary property price / rent, the estimated value of the property.
Watch market. Different market for buyers / tenants have affected the bargaining power.

When the market is quiet, buyers rare, fewer competitors, buyers / tenants have more time to consider and slowly finding the ideal real estate, the buyer / tenant relative bargaining power improves.
When the market is active, more competitors, the lower the buyer / tenant bargaining power, and relatively little time can be considered to be an early bid. Probably because more and more competitors pushed up the asking price, so the price is expected to bid higher than the eyes, but close to the owners of the bid.

Reasons for owners to sell pre-survey / rental property, whether owners understand clearly eager to sell / rent the property for the buyer / tenant offer some help.

For example: the owners eager to immigration, the buyer / tenant can naturally keep the prices down, because if one more vacant units would be tantamount to a little more extra expenses.
For example: if the owners eager to ready cash turnover, buyer / tenant increases the bargaining power of nature.

When bargaining might persuade the owners to include furniture and appliances within the unit, and to negotiate the terms stipulated in the agreement of sale. But also more additional objects, relatively equal prices reduced. Tenant may persuade the owners of rates and management fees, in order to reduce rental costs.
Can anticipate to spend on renovation and refurbishment of unit costs, require owners to sell at a lower price / rental properties to compensate for decoration takes expenses.
To keep calm and objective attitude when bargaining to avoid overpaying. Before making any decision to consider carefully, do not buy a property at a high price. Always remind myself that the market there are other good choices.
Disclaimer: All wordings and pictures which indicated Squarefoot editor are the copyright of 7 Advertising LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that Squarefoot agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

Share by Facebook

Share by Whatsapp

Share by email