Does "Fixed Price" Really Mean Fixed Price ?

thequant

As per thread title ?

spacey2012

Yes the price is fixed, at a rate set by them, every time they fix it.

sinbad182

My flat in west London was on the market for offers over 215k.

This then changed fixed price 210k.

I bought the place for 200k.

It's just another way of marketing a place IMO.

Mr_Moo_2

In the sellers eye, yes. When buying offer what it is worth. You may get short shrift. But nothing ventured .....

thequant

Mr_Moo wrote: »

In the sellers eye, yes. When buying offer what it is worth. You may get short shrift. But nothing ventured .....

I suppose the worse that can happen is that I get told to go to Specsavers.

Mallotum_X

Fixed price is just another agent gimmick. Offer what you think it is worth. They will reject or accept. If the agent tells you "but its a fixed price", explain your view as to the value. If the seller is serious they will consider your offer regardless.

BertieUK

The value of a property is worth what you are prepared to pay for it nothing more or nothing less.

Mobeer

It depends on the seller - for some it really does mean fixed price and no negotiation, others are more flexible.

Nynaeve

Could be that the fixed price is what they have to achieve so as not to go into negative equity etc.

Ignore it, do your research and offer what you think it is worth

pc1271

Nothing ventured, nothing gained; you have nothing to loose by making a (reasonable) lower offer.

My house was advertised as fixed price, but I got an extra 2% off. It depends how stubborn the sellers are, and also how desirable you are as a buyer. If you're a first time buyer with large cash deposit and mortgage agreed, they should bite your hand off. If you're on shaky ground mortgage-wise and at the end of a six link chain, they will be less keen.