Good arguments are needed to negotiate the price. If the house has been for sale for a while, the conditions could be right for negotiation. Basically, however, price negotiations require tact and sensitivity. At the end of the day, the seller is often in a better position due to the state of the real estate market. In the worst case scenario, another interested party will have their offer accepted for your dream house.
The best arguments for reducing the price are linked to the market value of the property. If a real estate valuation determines a lower value than the sales price, there is reason enough to negotiate. Structural defects or the need for renovation or refurbishment can also be helpful in negotiating the price. The more accurate the description, the better: lead pipes that need to be replaced, an attic with no insulation, a damp basement, etc.
The bidding process is a special case when it comes to price negotiation. After viewing the property, the prospective buyers submit their bids in several bidding rounds, like in a standard auction.
You can find more information about the bidding process in this article