I'm interested in a condo in Pasadena and the units are just over 50% sold. The sales office indicated that the prices are "non-negotiable" and that they can't even reduce the price by $5.00. How non-negotiable is this?
Hi... I bet you are talking about Lake@Walnut. in Pasadena. If a complex is selling then they are at market price, since the market always speaks. When property is at a market price it sells. If units were not selling they would be willing to negotiate! As an agent who specializes in Condos and Town homes in Pasadena, I know that new complexes will negotiate with qualified buyers if they are not selling.
"Everything is negotiable" only in the sense that you "never say never."
If they say they're not negotiating, take that to mean, "don't be surprised when we tell you, 'No!'"
At the end of the scene, you can't force them to give you concessions. All you can do is determine what the value is to you, and whether it's worth it to you to pay their price.
Hi Sir,
This is a new one! Real Estate is all about negotiations! That's the nature of the beast. Get a really good buyer agent and put in an offer.,,your way!
Although prices (and other items/terms in real-estate) are negotiable, everyone isn't willing to negotiate--at least at the same time you might be. Depending on your timing, that might be a problem for you, or it might be an opportunity for you provided you can wait that seller out.
There is always the possibility for negotiation in general, but whether there is truly going to be room for negotiation in this instance remains to be discovered when they are handed a written offer. At this point we don't know who we are dealing with and we don't know their motivation.
How we proceed depends on what I know about your qualification and then your motivation. Have you been pre-approved and if so, how much have you been pre-approved for? If you have not been pre-approved, it is an absolute requirement we do that first.
If you have been pre-approved, my next questions are how much have you surveyed the market and determined that you absolutely have to buy this home in particular?
As you see, I cannot provide answers without asking more questions. If you need help finding out the answers to these questions and other questions you may have, I can help immediately.
For personalized service, you can contact me to set an appointment this week. Stemming from my background, I offer the most efficient, technology-based service in the Pasadena and San Gabriel Valley area. I look forward to working with you.
Michael To
Dilbeck Real Estate
Michael.To@dilbeck.com
Direct: (626) 403-5246
1499 Huntington Dr, South Pasadena, CA 91030
CA DRE Lic. # 01494711
Hi, Hello_sir! Everything in this world is negotiable. If they won't come down on price, negotiate the appliances, closing costs - anything you can think of. If you are a qualified buyer, have proof of funds you have something they want - your purchase!
Please let me know if I can help!
In Real-Estate everything is negotiable, but that office is saying non-negotiable it is due to the fact they have no problem selling it for that price and more than likely are getting multiple offers on the property and more than likely much higher than the asking price. If you are serious into buying a home, I would highly recommend working with an agent that can sit down with you and explain how everything is working in today's market so you have the highest chance possible of getting your offer excepted.
John & Sarena Villaescusa
Cell- 562-818-2671
Email- Johnv@kw.com
Website- http://www.VGroupHomes.com
they are in a position to not negotiate because they can wait till the market picks up or they have not had a problem selling at their current asking prices. They are doing you a favor by telling you the truth up front.
If you are interested in looking at other like properties, I would be happy to assist you.
Gina Labellarti-Realtor
Coldwell Banker-Dynasty
626 215-4462
DRE LIC # 01509425
Prices are negotiable, more so when property is not selling as quickly as they once where. Make an offer that you believe is reasonable, and find out what they will counter with, I believe we are in a market that you can explore listings bottom line.
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A negotiation by definition takes place between a minimum of two parties. If the party that represents the listing is unwilling to negotiate, then yes, it is entirely possible for a property's pricepoint to be "non-negotiable."
Nevertheless, as an agent, I can tell you that I've run up against countless statements like these from Sellers or Sellers' agents only to find out that once my Buyer pitched an offer out below the asking price, they were usually met with a counter offer, i.e. a negotiation on the price/terms.
Do not let the phrase "non-negotiable" stop you from writing an offer. I always tell my clients to swing the bat, you never know what you'll hit.
Best of luck to you!
You could always ask for closing costs as a way to discount the sales price. As your agent I would write an offer per my buyers request.
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