Poa

amy4

We are FTB's and have seen a house that is ideal for us. It is listed as 'POA' and when we first saw it online assumed it would be out of our price range. Having spoken to the EA over the phone I was told 2 different prices by two different people. Slightly out of our price range but we went and viewed it anyway.
The EA that did the viewing told us a 3rd different price (we played innocent and pretended we hadn't been told a price). This price was a fair amount lower and she also said vendor eager to sell and suggested that we put in a "cheeky offer".

A few details about the house, it has been on the market since October and is currently empty and chain free. EA said vendors very keen to sell and implied that there had not been many viewings. However, we have looked online and found the price they paid for it on zoopla (not sure how accurate this is?) and we feel they have overpaid for it. The listing makes it sound as if they have done a lot of work on it but in reality all they have really done is redecorated.

My question really is why is it listed as POA? EA said it was to attract more viewings but I am thinking they are just seeing what offers come in as we were told 3 different prices!

We did put in a VERY cheeky offer which we were 99% sure would be rejected. The vendor came back to us after a couple of days and rejected it and we just said ok but are planning to call next week with a slightly higher offer. This house is perfect and we are willing to offer our maximum amount but are starting low as we think we could get a bargain here.

Would just like to hear any opinions/experience of people listing as POA instead of a set price.

misssaver12

Personally POA just puts me off..it's like going into a shop where items have no price labels to make you have to ask how much it is.

amy4

Well to be honest we are hoping the POA puts other potential buyers off so that the vendors are more likely to take our offer

lincroft1710

It could be that the vendor doesn't want nosy neighbours knowing the asking price.

okborednow

A good way around POA is to see if it's on rightmove. The EA must have to put a price in in the background even though it's listed as POA and therefore comes up in the search with houses around the same price.

Road_Hog

lincroft1710 wrote: »

It could be that the vendor doesn't want nosy neighbours knowing the asking price.

Yes, that would be my feeling, but it is a waste of time these days, as for about the last 10 years, you can look online to see what a property sold for.

tigsly

you can generally work out an asking price - by looking at where it appears in teh listings.. so here a couple are POA - but are bang between 2 other propeties listed at 500K!!

amy4

I doubt it's an issue with nosey neighbours as the property is empty - the vendors live elsewhere. Also we have already been told the asking price by the EA (albeit 3 different prices!).


If it was previously listed with a price, and then changed to POA would you assume that they were reducing it? Another house in the area was reduced 3 times and is now POA so we are hoping this could be the same - a last desperate attempt to get a decent offer before selling for lower then expected.