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Old 20.07.2011, 12:20
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Buying a flat - 2 questions

First, I have the impression that the Swiss like to "price" their property for sale too high and then just wait for the market to catch up - is this a correct observation? Or is it just customary to price 20-30-xx%? higher than the acceptable offer?

Second, aside from the purchase price, what's roughly the additional notary fees etc. coming on top: x%?
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Old 20.07.2011, 12:36
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Re: Buying a flat - 2 questions

For sale by owner tend to price to high as they think their new dishwasher will add 50 k to the price....
the ones that have recognized agents use a programme to calculate the price which is right give or take 10 k . There is good deals to be found but you have to look. add 5% for all cost
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Old 26.07.2011, 20:25
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Re: Buying a flat - 2 questions

My experience for your reference:

We were looking for a house in 2009, and we had checked about 7 or 8 houses in total. Maybe 3 or 4 of them had "bottom" price on homegate, and after visiting the house, we had to write a "price" that we were willing to pay. So the one who pays highest price gets the house.

We didn't like this kind of game, so we never gave any price before leaving. It seems that this is a quite common way to sell a house here.
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Old 27.07.2011, 08:17
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Re: Buying a flat - 2 questions

The right house in the right area commands a premium - and sellers know that.

We nearly bought a place a couple of years ago - but the seller was asking a daft premium for the work he had done. The house (after renovation) would have been market-value - but we couldn't stomach the seller premium - and walked away.

Instead we bought something in the mountains. The guy used an agent (who didn't seem to do much) but we felt comfortable with the asking price - and the price we paid. A quick look on Homegate gives an idea of what properties sell for - and getting an idea of how much renovations will cost gives you an idea of what it will take to bring upto market value.
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Old 27.07.2011, 09:14
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Re: Buying a flat - 2 questions

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. A quick look on Homegate gives an idea of what properties sell for
Homegate gives you an idea of asking prices, I have known properties to be on the market for 5 years so asking price has nothing to do with market value. The market value is what someone will pay TODAY, nothing more.
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Old 27.07.2011, 09:31
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Re: Buying a flat - 2 questions

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Second, aside from the purchase price, what's roughly the additional notary fees etc. coming on top: x%?
At least for my own appartment it was not a percentage. The total was about 3000 CHF (1000 for first signing, 2000 for the second), divided by us and the previous owner. We were advised to frown on a notary fee over 5000 CHF in total.

I saw a lot of houses/apartments in my area and never noticed them overpriced. They all had the common price, which was obvious on homegate and comparis. Just take a look at similar houses (city area, area and date of construction) on homegate and compare prices. That the housing in Zürich area is, on the other hand, waaaaaaaaaaaaaaaaaaaaaaay over priced in general is another story.
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