Seller’s Market

5 comments
  1. Was this ever the case? I think there’s no bidding in Luxembourg.

    Also… what kind of inspections do people do here?

    It looks like a US comic.

  2. Luxembourgish buyers don’t bid. Sellers put up astronomical prices and lower them slightly until someone buys or wait until someone buys the original price.

    And inspection? Is that some official thing?

    This comic is not relevant to the luxembourgish situation at all.

  3. I work in the construction and before the crisis we are starting a building and every apartment is already sold we don’t have a single brick on the ground and is all sold.

  4. I got a property inspected just before signing the compromis, just as a precaution. I ended up paying EUR 2500, which included having the compromis text checked and edited by a lawyer to close a few ‘gaps’ in the agreement. Eventually, I ended up scrapping the deal and buying another property, as the inspection led me to find out that the property was not what it seemed, while the estate agent was providing false information about it, and being very pushy when asking me to sign the compromis (which was very suspicious). All in all, it was the best EUR2500 I ever wasted in 2 hours (LOL), as it opened my eyes to things that would have otherwise gone unnoticed. Take your precautions people… It pays! (my humble opinion, from personal experience).

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