Quote:
Originally Posted by shazney64
Hi all just a quickie,
When you see the prcie stated to buy, can you barter like here in UK? Or do they expect offers over like other places abroad? Or do you pay the asking price?
Just looking at what we can afford
many thanks sharon
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It is definitely still a Buyer's Market here in Perth that is............ stock is not moving as fast as it usually does; as such some vendors are getting a bit toey............ and a little desperate to sell! In today's market................ a cheeky offer could be accepted......... it all depends on the vendor's circumstances and motivation.......... or lack thereof to sell.
On the other hand......... some vendors are still living in dreamland as a friend of a friend told them their house is worth such and such ..............and they won't take a penny less?
As Agents we are duty bound to follow instructions from our vendors.............. quite often they emphasise to us that we are not to write-up offers below a certain price and accordingly we are apt to follow their instructions implicitly.
When purchasing property here in WA................. it is in the buyer's best interest to ensure their finances are in order first before they set about the task of finding a suitable property. A pre-approval certificate obtained is worth its weight in gold because then you are deemed to be a cash buyer and you are in a better negotiating position.
It is a fickle market at present.................... but as Ali states................ when a house is advertised for sale within a price range................ ideally the vendor is seeking offers around the middle of the range advertised.
Another way of looking at it is to hire a Buyer's Agent or a Buyer's Advocate........... whose brief is to obtain what house you are after.............. and obtain it a the right price. The buyer pays the Agent a prearranged fee.............. plus a pro-rata bonus dependent upon how much below the asking price is saved.
I recently acted as a Buyer's Agent for a property in Wanneroo................ the vendor indicated she would look at offers in excess of $700K hinting she valued the property at something round the $740K mark...............and not a penny less.............. after a lot of haggling and quite a bit of legwork on my part.............. we got it for $580K which is a big difference between that and $740K.
What sort of ceiling level will you be looking at when you arrive down-under?
