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10 years ago

Bargaining When Buying A Condo in Manila

10 years ago
In Australia the seller list a price of the condo. A potential buyer makes an offer. The seller either accepts the offer or they negotiate a final price to be paid somewhere in the middle.
In Manila it seems very different. The developer has a top price which he discounts heavily. 20% off if it's with a bank loan. 25% off if it's cash "spot" payment, blah, blah, blah.
Knowing the net-net price is it customary in Manila to then make an offer. Let's say the net-net is 10M. Would a Filipino try buying the condo make an offer for say 9.5M? If we did that in Manila would be the "ugly Australian" for bargaining? Any advise would be deeply appreciated.
Sincerely
Brian

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