How much reduction is it customary to ask for on asking price

 Hi eggcup

Generally if someone doesn't except an offer the purchaser may increase their offer, it the seller still says no the purchaser generally moves on to another property. There are a lot of people desperate to sell in Spain so a lot of people are excepting low offers. This is unfortunatly dragging house prices down even lower.

i would say fortunatley this is bringing prices down to a more realistic one.

the main reason people cant accept low offers even if they want to is because they may be selling a hosue for 120k that they owe 120k on and paid 220k but 100k in cash.

the market has a long way to go down.

push hard and never back down because its a buyers market

I despair at the greed and kicking someone when they are down. We're selling our house, have already reduced it. If someone thinks they can knock me down even more on a fully furnished house. complete with swimming pool, garden furniture etc they  can get lost-I would rather die than let them have it.

 donations, in lieu of flowers, to the camposol community fund.

Hear, hear camposol.  I'm the same.  I would leave my properties to charity rather than give something away to a stranger.  We sold a cortijo during the crisis.  We wanted 115,000 euros, someone offered 90,000 and I suggested they go inland, where the weather would be colder and they wouldn't get a pool included, but that that was what their budget was likely to get them.  Two weeks later we had an offer of 105,000 euros which we accepted.  When someone has already greatly reduced their asking price, they will not then drop it a further 20 or 30% unless they are desperate.  It is not true that everyone with property to sell in Spain is desperate; that is wishful thinking from potential buyers (although I suspect that many people who seem to be very interested in this debate have no real intention of buying anything at all).

Hear, hear camposol.  I'm the same.  I would leave my properties to charity rather than give something away to a stranger.  We sold a cortijo during the crisis.  We wanted 115,000 euros, someone offered 90,000 and I suggested they go inland, where the weather would be colder and they wouldn't get a pool included, but that that was what their budget was likely to get them.  Two weeks later we had an offer of 105,000 euros which we accepted.  When someone has already greatly reduced their asking price, they will not then drop it a further 20 or 30% unless they are desperate.  It is not true that everyone with property to sell in Spain is desperate; that is wishful thinking from potential buyers (although I suspect that many people who seem to be very interested in this debate have no real intention of buying anything at all).

This message was last edited by johnzx on 06/01/2013.

 Agree johnzx.   And those who don't want to sell at a reduced rate just don't!!  But if someone is desperate to sell, then they will sell AND BE BETTER OFF, than if they could not sell at all.  I think the thinking is a bit skewed by emotion.   I would be surprised if the best bargains have ever been homes (where of course you get emotionally involved), so you need to put that idea aside.  If I am going to buy, I want the best price I can get and while I might feel sorry for the plight, I will not pay more than I need to.  I get sick of saying houses are only worth what people will pay for them at any given time, and at the moment there are a lot of virtually valueless properties in Spain.  If an individual would rather die than sell - that is a perfectly valid decision, but not one I would subscribe to.