Buying a property? How to arrive at an offer price

You may have zeroed in on the house you want to buy, but how much should you pay for it? You can’t kowtow to the seller and give him exactly what he wants. Everyone knows that an asking price can always be negotiated. However, your bargaining may backfire if you quote a figure that is much lower than that demanded by the seller, which may prompt him to consider other buyers. Arriving at an offer price is always tricky. On the one hand, there are reports that suggest property prices are rising, but at the same time, there are studies that point to a drop in demand for housing projects [...]


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