I'm buying a new condo

[Esco!]

So I'm buying a new condo. Its a 3-bedroom unit downtown Toronto.
Its listed for 830,000. Obviously I'm not going to pay what its listed for.

How much do you guys think I should offer for it??
I dont wanna insult the owner by coming in too low, but I also wanna pay a lot less then $830K

 

[Jasper]

I could be wrong, but I don't think builders negotiate on the price of new homes. It sets a poor precedent.
Closing costs and upgrades could be haggled though.

 

[Esco!]

I could be wrong, but I don't think builders negotiate on the price of new homes. It sets a poor precedent.
Closing costs and upgrades could be haggled though

Its not a new building. The condo is being sold by the owner who bought it from the builder

 

[Jasper]

Offer $750K then.

 

[What A Wookie]

It's business so I wouldn't worry about insulting them. Offer what you're willing to pay and see where it goes. They may counter offer and you'll end up somewhere in the middle.

 

[Fuggedabouditt]

You have more power when it's an unconditional offer, normally on finance, not on inspection.

 

[Guido]

Offer $810,000. You never know.

 

[God]

Esco, how did you inherit the money?.

 

[Madman]

Hey, I have a condo I could sell you for half that price!

Extras: little blue chef, old quack and a tree hugger

 

[Esco!]

Esco, how did you inherit the money?

You are God. You are supposed to be omniscient. You should know