For sale at a Fixed price?
Would a property for sale at a fixed price put you off, or do you know exactly what you are looking at when you go to view it?
Asked on Dec 17 2016,
House Prices in Cumbria |
Hi Jamie - do you mean for a property that´s price is non-negotiable? I guess if peoples minds are set on a property (perhaps in a particularly desirable neighbourhood), paying a fixed price may not be an issue - as long as it´s priced in line with the prevailing market conditions. Demand will also have a major role to play - last year, we saw prices going well over the asking price in South London.
Answered on Dec 20 2016,
I think it really depends on the property and the market conditions locally.
So in a very good market people do often use an offers over price, because that way you’ve got a low bottom line, so the property is found very easily on property portals and through estate agents for example, but you are encouraging people to bid over the price.
However, on the other hand, that does put other people off. They don’t want to get into an auction or bargaining situation.
So you will find that you alienate some of your potential catchment of buyer.
So I think take good advice locally, that could be from a number of estate agents who know the area and your property well or from a local surveyor for example, and then I think you need to do what’s right for your position.
Good luck, Jonathan :-)
Answered on Jan 13 2017,
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