Renting Apartment in Guangzhou: How to Negotiate on the Asking Price

Renting Apartment in Guangzhou: How to Negotiate on the Asking Price

Sticky
Jan 23, 2019
0

How much can I negotiate?

Strictly speaking, the discount on asking prices is 10%, but actual reductions can vary wildly between zero and over 40% – it really is case-by-case.(rent apartment in guangzhou is not cheap actully,so you must do your best to negotitate for the price)
Although the renters agent will usually advise them on the pricing strategy for their apartment, there are a variety of factors that will influence the owner’s minimum acceptable price:
- Market conditions.
- Whether they are in a rush to rent or are happy to wait for a higher offer.


Things to ask before starting negotiations:
- How long has the property been on the market for rent?
- What was the initial asking price? If it has been reduced several times, the current price may now be nearer to the owner’s bottom line.
- How much are they willing to negotiate? The seller’s agent will not be able to give you an exact figure (and if they do, it may not necessarily be true), so you may want to ask if an offer in the range of X would have a chance of being accepted. However, without making a formal offer there is really no way to know how low they will go.


Conclusion
Most renting apartment transactions in Guangzhou will involve one or more real estate agents, so it is important to choose one who will work in your best interests. It is the agent who will be negotiating on your behalf, so do not be afraid to ask them lots of questions about the owner, and about how they plan to negotiate for you.
At the end of the day there may be some apts where the owner is simply not in the mood to negotiate. If the owner is stubborn and the price is not what you are happy with, then walk away.
Tips:In china in order to got the cheap and fair price you have to learn the skill of bargain.

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