Advice?

Hi,

I appreciate that there may not be a definitive view here but I would appreciate any thoughts. I have seen a couple of properties with agents.I am told that an offer of 25% below asking is the norn. . Any input greatly appreciated.

I would say compare other asking prices in the area and be sure the agents have not already inflated the price for listing.

Compare like for like and also take a look on the 'Segundamano' website where private sellers list property. There is no formula for buying property or offering discounts but do consider that if you want to re-sell in 6 months  will you re-coup most of your money.

I'd try 30% as a starter.

Try what you like!! they can only say no.

Don't  be surprised if they tell you to put your I offer where the Spanish sun don 't shine!

Don't  be surprised if they tell you to put your I offer where the Spanish sun don 't shine!

Why?  It's a buyers' market with lots of desperate sellers.  I would be looking to get a minimum of 20% off any asking price.  If they refuse, move on to the next house...

Nothing wrong with taking a chance and making a low offer.   But in reality, a lot of the property is already rock bottom and most people will not go much lower.   If you are buying from a bank, they will have a lower limit, and so will any builders.   A lot of people will have a mortgage on a property and will not go below that.   There are incredible bargains to be had, but you are not going to get a luxury villa for 100000 euros - or at least not anywhere anyone would want to live.   Some of the adverts now actually say 'no offers'.  But good luck.

You say that they are offering at 25% below the normal asking price what is the normal asking price for that type of property you might be getting a bargain there must be the same /similar properties for sale in the area you are looking in to compare with what sort of price bracket are you in I bought 7 years ago a 3 bed luxury villa with a pool for £144,000 then the bottom fell out of the Spanish housing market and you could not give one away if you tried now 7 years on things are getting back to normal properties are selling I have been looking in my area  and I am positive I could get my original £144,000 back  if I wanted to sell so dont go over to Spain with the attitude that money talks because their is alot of money in Spain especially on the costas good            

                                          WARNING DO NOT BUY OFF PLAN YOU HAVE BEEN WARNED.