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House for Sale in Spain

Tip Number 53 of our 100 Tips. Negotiate, Negotiate, Negotiate

Llanes Beach

Llanes Beach

In the immortal words of Joe Gormley, ex Union Leader in the strife ridden UK of the 1970′s ;-) you should always be ready to negotiate when you are thinking of buying a house for sale in Spain. (He didn’t actually mention houses for sale in Spain but you get what I mean) Prices are generally flexible on most properties but remember that sometimes you have to do that negotiation with a bank because the owner owes as much as they are asking for the property. Even, and possibly especially, bank repossessions are negotiable because the banks have been told by the Spanish central bank to get rid of some of their outstanding stock.

Ho do you negotiate Spanish property prices? Well if you are no good at negotiation, let’s call it haggling really, then get someone to do it for you. My wife for example is terrible at haggling and I think is the only person in the world to have left the Dominican Republic having paid the asking price for a painting. Tell your agent to do the negotiations for you or get a hard nosed lawyer who knows just where to draw the line. You could tell them that you will give them a small percentage of any saving too just to insentivise them ;-) Make sure anybody negotiating for you doesn’t put the deal in jeopardy but it is likely that a good negotiator can get you a hefty discount and make the owners feel as if they have a good deal too.

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Related Places

1) The You Tube Channel

2) Tip 52. Don’t Use Your Bank

3) Tip Number 34: The Role of The Notary

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