Real Estate Prices HELP

[rgbjr]

Hi I need ADVICE in Peru real estate market if a department is listed for $250,000.00 what do you think the lowest it would sell for?

Thank you
Bobby

[dez]

$250,000

[rgbjr]

Thank you for the reply but I was looking for help not sarcasm.
Bobby

[dez]

Well what does it look like? Does it have bathroom(s) ? Square footage? Carpet? Location? etc etc

[TonyLeslie]

dez is probably correct, Peruvians are notorias for not dropping their prices even if the house/department has been for sale for 12 months or more. Also they rarely choose a price compatable for their own area, usually it is based on a better district.

[caliguy]

need more info to give you a rough estimate. in many instances, stated prices are negotiable.

[gringolandia]

There is little reason to think real estate in Peru will appreciate in the next few years. The expectation is the opposite, actually. So don't rush into any purchase.

[rgbjr]

square meter 173 3 bedrooms 2.5 baths wooden floors that need to be reglued and refinished two bathrooms need work kitchen is in fair shape but they used cheap cabinets the 2 entrance doors need to be replaced lots of natural light good location a little bit of a busy street.
La Molina
Thank you
Bobby

[caliguy]

square meter 173 3 bedrooms 2.5 baths wooden floors that need to be reglued and refinished two bathrooms need work kitchen is in fair shape but they used cheap cabinets the 2 entrance doors need to be replaced lots of natural light good location a little bit of a busy street.
La Molina
Thank you
Bobby

250k seems a fair price. but you should still negotiate. bring up the flaws about the house, and put a price on repairs.
*if you're paying cash, you would have more of chance to negotiate.