To take advantage of the economic downturn here are a few tips;
- Search in the periphery of city centres.
- Look out for holiday cottages, which are on sale well below their asset value.
- Find developers who are struggling to sell.
- Research the vendor thoroughly – understand their circumstances that will allow you to negotiate the best price.
- Stress your buying ability, especially if you are a cash buyer.
- Compare similar properties and use lowest price as a bargaining tool.
- Make a low offer, wait and hold your nerve. Don’t pester them because it will look too keen.
- Set a deadline for your offer.
Rovster.
Posted: 2. July 2010 09:58