Section 5 - Reserving the apartment and doing an offer.
After have decided to buy a
specific property, you
should reserve it. When you pay the "reserva", you basically block the
apartment, the cannot show it anymore.
You have to pay in this moment from 1000 to
2000 argentine pesos as reservation deposit (Reserva).
When you pay the "reserva" you will make
an price offer. There is a margin to negotiate about the price in most cases.
In Argentina people
would usually overprice some
thousands dollars the property they are selling in order to get what they
really want after the bargaining
They realtor takes the "reserva" and transmits it to the seller.
The seller may accept, reject or counter-offer.The buyer has a
specified number of days (usually 5) to decide on your offer.
In most cases
he/she will counter-offer. When both parties agree on the price, you
will proceed to sign the property purchase contract or directly of the
escritura depending in what you agreed in the reserva(we will continue
this contract in Sections 9 and 10)d.
the offer is too low the realtor may refuse to transmit it to the