Mazza227 Posted February 20, 2016 Share Posted February 20, 2016 We went to look at a house that had an open today. As we haven't been here very long, not too sure on the rules etc, but they had a price range for the house. Does this mean that you have to offer the minimum they say or can you offer less? We basically asked the agent and she told us that no they would not accept under that price and to be honest I wouldn't even bother to write it up. Now I thought that any offer that was made even if silly offer,(not that we would make a silly offer!) they had to put to the owner, or am I wrong? Any advise would be great please :wink: Quote Link to comment Share on other sites More sharing options...
Freckleface Posted February 20, 2016 Share Posted February 20, 2016 It really depends on the vendors instructions to the agent. You can make any offer you like but the vendor may have instructed the agent not to present offers under a set figure. I know we have done this when selling. Quote Link to comment Share on other sites More sharing options...
Freckleface Posted February 20, 2016 Share Posted February 20, 2016 Just a thought - if you aren't familiar with the market have you considered using a buyers agent. Yes it will cost you money you probably don't want to spend but it could save you from buying into a bad area or from paying more than a property is really worth. Quote Link to comment Share on other sites More sharing options...
Marisawright Posted February 20, 2016 Share Posted February 20, 2016 Rules do vary from state to state,but if they've stated a range then the bottom figure quoted is definitely the very lowest they'll even consider. Australian real estate agents play silly games, they promise the seller a ridiculous price to get the business, then persuade them to offer it at a lower figure "to tempt buyers in". The theory is that once you've got buyers interested, they can be persuaded to increase their price. It always amazes me that sellers fall for that tactic because it never works. Chances are what the seller really wants is the price at the top of the range. If the property hasn't been on the market long, it's likely they'll hold out for that price. The longer the property is on the market, the more likely they are to accept a lower offer. Quote Link to comment Share on other sites More sharing options...
JockinTas Posted February 20, 2016 Share Posted February 20, 2016 We always put an offer in at the lower end of the price range. Depends how long the property has been on the market. Quote Link to comment Share on other sites More sharing options...
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