Are buyers negotiating more after 92 days on Bogotá listings?

[field.full]

I’m assessing a four-bedroom in Bogotá and trying to decide whether roughly 92 days on market creates meaningful negotiating room. The comparison set I’ve been shown is described as studios priced around COP 2,722,000,000–COP 4,084,000,000, which may not be comparable at all.

The market feels split rather than uniformly fast or slow. Properties with a clear answer on property tax seem to move differently, while agents disagree on whether the current pace is seasonal. Has anyone seen recent completed sales where the final price differed materially from the public asking history?

 

[FreshCreek]

I wouldn’t use 92 days by itself. A listing can sit because the initial price was ambitious, the condition is poor, or basic information is unresolved. Your bigger issue is the comparison set: studios do not establish negotiating room on a four-bedroom. I’d first narrow completed examples to the same neighbourhood, approximate size and condition.

 

[studyTheRoom]

Also clarify what “92 days” measures. Is that continuous time under one listing, or could the property have been withdrawn and advertised again? Public asking history may miss those breaks. Ask the agent for the original listing date, every price reduction and whether the seller previously took it off the market.

 

[studyTheCairn]

The property-tax point deserves more attention than seasonality. Does “clear answer” mean the amount is known, or that the relevant records and payments can be examined? Those are different concerns. I would not let a discount compensate for unresolved paperwork without having the situation checked locally.

 

[RoundPebble]

Which Bogotá neighbourhood is the four-bedroom actually in? Even nearby areas can attract different buyers, and broad neighbourhood labels can hide where the boundary falls. Without that, the COP 2,722,000,000–COP 4,084,000,000 range is too wide to tell you much.

 

[thinkTheWay]

I partly disagree that 92 days tells you nothing. It can be useful when paired with seller behaviour. No reductions after 92 days may indicate patience; several cuts or a relisting may suggest more motivation. The strongest question is not “How long has it been listed?” but “What has the seller done during that time?”

 

[gate.strong]

Buyer financing could explain some of the split as well. A completed price is only one part of an offer: timing, financing conditions and certainty of completion may affect what a seller accepts. When asking agents for examples, request cases with a similar purchase structure rather than comparing every recorded discount as though the offers were identical.

 

[RoundPebble]

That is fair, but new-listing volume matters too. If several genuinely comparable four-bedrooms have appeared recently, the buyer has alternatives even if this seller has not cut the price. If comparable supply is thin, 92 days may not create much leverage. I’d count active, newly listed, reduced and withdrawn properties separately.

 

[RoundPebble]

Condition is another likely reason the market looks divided. A renovated property and one needing substantial work can share the same bedroom count and neighbourhood while appealing to different buyers. The useful comparison is the final price after allowing for condition—not simply the largest percentage below an old asking price.

 

[lena.lee]

Completed sales are preferable, but be careful with the phrase “public asking history.” An advertised price shows the seller’s position, not necessarily market value. A large apparent discount may only mean the first price was unrealistic. Compare the final figure with similar completed sales, then use the asking history to judge motivation.

 

[RoundPebble]

The weak point is the comparison set: four-bedroom homes and studios should not be used to infer the same negotiating range. I’d first draw the narrowest neighbourhood boundary that still produces enough examples, then separate them by size and condition.

Within that group, record the original listing date, any withdrawals or relistings, and the timing of price reductions. Recent completed sales should carry more weight than the advertised history. If none can be produced, build the offer from the closest defensible evidence rather than assuming that 92 days guarantees a discount. Buyer financing and a surge of new listings could also change how much leverage that age actually creates.

 

[isa.reed]

Before negotiating, I’d ask the seller’s side four direct questions: why they are selling, whether there have been previous offers, what caused any deal to fail, and whether the tax issue is fully documented. The answers may not all be available, but together they reveal more than competing agent opinions about seasonality. Any unresolved tax or transaction point should be verified by an appropriate local professional.