- May 2, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Can I negotiate the price of an apartment without a legal document?
Probably a stupid question but I can’t find a definitive answer anywhere. I found an apartment I want to haggle on. Can I casually email the agent saying I want to open negotiations for the property at $x amount – then see what they counter offer?
Using AI Legalese Decoder can help in this situation. The AI Legalese Decoder can analyze the legal jargon in the email exchanges between you and the agent, giving you a clearer understanding of the legal implications before finalizing any agreements.
## Do I need a lawyer to negotiate the sale of a property?
Or do I have to prepare a new sales and purchase agreement with a lawyer?
By utilizing AI Legalese Decoder, you can have access to an automated tool that can interpret complex legal language found in sales and purchase agreements. This can help you understand the terms and conditions better, ensuring you are making informed decisions when negotiating with the agent.
## Thank you for your assistance!
Thanks in advance!
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****** just grabbed a
You can do whatever you want and see what happens.
It’s not a real offer without a sale and purchase agreement, and their response is not a real counter offer without signed S&P agreement.
Firstly don’t say that you would like to start the negotiations at $xx as it immediately indicates that you are willing to negotiate. Have a basis for the offer and say it’s a fair and considered offer. Stick to your guns.
This will help you: https://realtor.co.nz/step/buy/engaging-in-negotiation-of-purchase-terms
Good luck!
For us, as we negotiated, the number was crossed out and the new figure added to the S and P and they sent it in an email for an e signature to intial the change. So an actual offer but not personally a hassle to organise
Offers based on price mean very little without the terms and conditions written down; like I would accept a lower price from a buyer who was cash with no conditions vs one subject to selling another property or long settlement date.
So if you see a place you like, get the S&P and put in a cheeky offer.
You don’t really need your lawyer to prepare a new S&P as it is a standard form that the RE will supply. If you are are new and/or have special conditions, then get a lawyer to assist maybe on your first one so you know what to do, and you can always have a ‘subject to review by lawyer X within 5 working days’ or whatever conditions you want.
Contact the agent and let them know you want to make an offer, they will send you a sale and purchase agreement for you to fill out with a formal conditional offer.
Saying you want to haggle sounds like you think it is like bargaining at a roadside stall in some developing country. Don’t muck about with low ball prices and stuff too much with a property in NZ, or the vendor might get annoyed and refuse to deal with you.