Hi everyone!
I am going to look at a unit priced at $155k+ – what does the plus mean – does it mean they may sell it for minimum $155k ? Should I bid a little more than the minimum like $158? The unit is to be sold via private sale if they get the price they are looking for.[blink]
Any advice would be really appreciated.
Thanks.
RoseRose
Rose,
After working with some real estates, I have found that the plus sign eg. 155,000+ would be the lowest price the owner would be happy to sell at and they are looking for a buyers over this price. If they don’t get any buyers then they might take less than this price. Hope that helps.
[suave2]Yep, my understanding is that they ‘want’ more…. But that doesn’t mean that you have to offer more.
I think if they want a higher price, they should advertise at a higher price…
Cheers
MelAgreed, Melbear. I was told by several agents that this is the minimum prize the vendor will accept.
But one agent told me: Ignore the +, it sometimes means what the vendor wants, not what the market value is.Celivia
I beleive the plus can be no higher than 10% of the sale price. Check this with the agent.
Another argument is that they promise the seller a higher price than they can get. So the agent advertise for a low price to get people to look and then try to push the price up.Hi all,
I have just finished a real estate rep course, and put a reno on the market. I belive that the + means that the vendor wants more than the amount stated and that they believe the market is still rising. They use this + to gain more for the property rather than the usual less when a straight figure is listed. e.g . If the amount is $200,000 to sell then they will probably get less than than $200,000 but with a plus the figure they should get more.
Beck.
“You have to leave your mouth open for a very long time before a roast chicken flys into it.” Early Proveb.Exactly, petersemail, that can happen.
The same can also happen with a prize-range.I know of vendors who were selling and the RE agent used a price range, but there was no way the vendor would have wanted to sell at the lower 2/3 of this range. I think in this case the lower part of the price range was merely set up to attract potential buyers.
Celivia
Here’s an article by Neil Jenman on “Bait Pricing” which includes the “offers above” thing you’ve mentioned, Rose :
http://www.jenman.com.au/BS_S_Bait.php
kay henry
yes as much as his self placed pedestal position is irritating, I do have to agree with what he has said there.
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
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